Gyeonggi-do "Seize the Opportunity for Small Business Owners to Restart"

Recruitment for Small Business Re-Startup Support Project Open Until April 7
Up to 20 Million KRW Provided for Re-Startup Education, Expert Consulting, and More

Gyeonggi Province announced on the 23rd that it will recruit participants for the ‘2025 Small Business Re-Startup Support Project’ from the 24th of this month to April 7th. This project is a customized support program that provides education, consulting, startup fund guarantees, and commercialization cost support to help small business owners in the province who have experienced business closure successfully start up again.

Poster for Recruiting Participants for the '2025 Small Business Re-Startup Support Project'. Provided by Gyeonggi-do.

The ‘Small Business Re-Startup Support Project’ targets 35 re-startup hopefuls among Gyeonggi residents who have a history of business closure and currently do not have business registration (individual or corporate). The eligible industries are food service, wholesale and retail, service, and manufacturing sectors. Franchise and multi-store operators are not eligible to apply. Additionally, those who are delinquent on financial institution debts or national/local taxes cannot apply.

Participants will first undergo more than 30 hours of in-person training to cultivate a re-startup mindset and receive psychological counseling. Afterwards, they will have their startup plans reviewed through expert consulting and receive five rounds of on-site customized guidance. In addition, in cooperation with the Gyeonggi Credit Guarantee Foundation, guarantees for re-startup funds up to 100 million KRW will be supported. If selected as a commercialization support recipient, participants can receive up to 20 million KRW (with VAT self-payment) for facility establishment and promotion/marketing expenses.

Small business owners wishing to participate must submit an application within the recruitment period, after which final selection will be made through document evaluation and face-to-face assessment. Selected participants will complete re-startup education, undergo startup plan consulting, and after completing the re-startup, receive commercialization support funds.

Gyeonggi Province expects this project to increase the success rate of re-startups among small business owners who have closed their businesses and contribute to revitalizing the local economy. In particular, it plans to strengthen practical support to resolve difficulties experienced in the early stages of re-startup and enable more stable business operations.

Kim Pyeongwon, Director of Small Business at Gyeonggi Province, said, “We will spare no effort to provide systematic support so that small business owners who want to restart can operate their businesses stably again,” and added, “We hope many small business owners who have closed their businesses will gain a chance to try again through this project.”

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