E-commerce Unsettled Payment Victim Companies, Sojinkong Loan Limit Increased from 150 Million to 500 Million Won

Funding Support Supplementary Measures Begin from the 28th
Approximately 200 Billion KRW Supported Over Two Months
Shop-in-Shop 'SellerHub' Tenant Companies Also Supported

The government has decided to increase the emergency management stabilization fund limit for companies affected by unsettled payments managed by the Small Enterprise and Market Service from 150 million KRW to 500 million KRW per company. This measure is a supplementary support step for companies affected by the T-Mef incident. In addition to e-commerce platforms themselves, small-scale platforms operated by shop-in-shop type companies within e-commerce will also be included in the maturity extension, repayment deferral, and liquidity support targets. The method of proving damage for affected companies of the online shopping mall 'Allets' will also be relaxed.

On the 23rd, the Financial Services Commission, the Ministry of SMEs and Startups, and other related ministries announced that these supplementary measures will be implemented starting next week. This plan was introduced in response to some difficulties raised in the field during the execution of policy support funds. According to the related ministries, from August 9 to the 21st of this month, a total of 206.82 billion KRW (1,442 cases) in financial support was provided, and about 100 objections were raised during this process.

The government's liquidity support for e-commerce was expanded to include Allets affected companies starting from the 10th. However, there were cases of objections, such as companies not being recognized as affected despite being victims of delayed settlements due to Allets' lack of contact. In response, the government decided to broadly recognize the damage amount if the affected companies prove the damage by submitting printouts of unsettled payment details from the seller page. Affected companies can receive liquidity support if they can prove unsettled payment details through the seller page.

Source=Financial Services Commission

Also, although not directly listed on e-commerce platforms, companies affected by delayed settlements that are listed on the small-scale platform 'SellerHub' operated by shop-in-shop type companies within e-commerce will also be included in the maturity extension, repayment deferral, and liquidity support targets. If they capture and submit evidence of the 'settlement amount' page displayed under the names of e-commerce companies with delayed settlements (such as Tmon, Wemakeprice, Interpark Shopping, AK Mall, etc.) on SellerHub's seller page, they can receive broad financial support including maturity extension.

The support limit for liquidity support funds from the Small Enterprise and Market Service will be expanded from the current 150 million KRW per company to 500 million KRW. However, if the requested amount exceeds 300 million KRW, the support amount will be determined after a business feasibility evaluation. Additionally, some loan restriction conditions of the Small Enterprise and Market Service will not be applied exceptionally only for e-commerce affected company support funds. Previously, small business owners who applied and met the debt ratio of 700% or exceeded borrowing conditions based on sales were excluded from support, but now, if recognized as eligible within the damage amount after a business feasibility evaluation, support will be provided. However, the support amount will be determined within the damage amount based on the evaluation results. For small business owners who have low limits or fall under support restriction conditions and use the Korea Credit Guarantee Fund - Industrial Bank of Korea program, they can repay their current loans without prepayment penalties and use the Small Enterprise and Market Service program.

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