Saechulbal Fund to Provide Up to 4 Million Won for Small Business Owners Closing in Busan

The Saechulbal Fund announced on August 18 that it will promote a business closure assistance program in cooperation with the Busan Metropolitan City to support the restart of small business owners and self-employed individuals preparing to close their businesses.

The program targets small business owners in Busan who are faithfully repaying their debt restructuring agreements with the Saechulbal Fund and have either closed or are planning to close their businesses. They may receive up to 4 million won to cover business closure expenses, including business closure consulting, store demolition, and restoration costs.

Jung Junghoon, President of Korea Asset Management Corporation (KAMCO), said, "We hope this program will reduce the financial burden on small business owners and self-employed individuals who are considering closing their businesses and serve as a stepping stone for a new start." He added, "We will continue to develop a variety of support policies in the future."

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