Support for Small and Medium Enterprise Building Purchase and Lease... Ulsan City Releases 20 Billion Won Facility Funds

Focus on Facility Investment in Promising Companies

Ulsan Economic Revitalization Policy

Ulsan City is providing 20 billion KRW in facility funds to local small and medium-sized enterprises (SMEs).

On the 12th, Ulsan City announced that it will launch a project to support new facility investments for promising SMEs.

The newly established facility fund support reflects industry demand and is designed to enhance production capacity and create future growth engines through facility investments by SMEs.

The support targets SMEs that have or plan to have business sites in Ulsan City, and the eligible uses of funds include purchasing production equipment, constructing, purchasing, or leasing business premises.

The support conditions limit up to 800 million KRW per company, with a repayment period of 5 years, and part of the loan interest from financial institutions (2.0% interest subsidy) will be supported.

Applications can be submitted in person at the Ulsan Economic and Job Promotion Agency from the 15th to the 19th.

For more details, please refer to the announcement of the 2024 Ulsan Metropolitan City 2nd Small and Medium Enterprise Development Fund Support Plan on the Ulsan Metropolitan City website.

Kim Doo-gyeom, Mayor of Ulsan City, said, “We hope this facility fund support will contribute to revitalizing the local economy by maintaining employment and promoting facility investment.”

Purpose of support funds for fostering small and medium-sized enterprises.

This content was produced with the assistance of AI translation services.