Mom's Touch Launches "Startup Ribbon Project Season 2" for Prospective Store Owners

Up to 250 Million Won in Investment Support
60-Month Interest-Free Installment Plan
Three Startup Models: "Strategic," "Standard," and "Target"

Exterior view of Mom's Touch Guro IT Branch.

Mom's Touch is launching the new "Startup Ribbon Project Season 2" to reduce the initial investment burden for prospective entrepreneurs and support stable store openings.

On March 19, Mom's Touch announced that it is running Startup Ribbon Project Season 2, a mutually beneficial startup incubating program. Startup Ribbon Project Season 2 offers support for initial investments of up to 250 million won, to be repaid in 60 interest-free monthly installments. The number of supported stores is expanding from 20 in Season 1 to 50 in Season 2, thereby strengthening both the benefits and the target pool for startup support.

The Startup Ribbon Project was originally launched to provide practical support to prospective entrepreneurs by significantly easing the burden of initial investment costs, which is often cited as the biggest barrier to entering the food service franchise business.

The program has established a tailored support system, segmented into three startup models to match the investment conditions and preferred commercial areas of prospective investors: ▲ the "Strategic" model for locations of at least 148 square meters (about 45 pyeong), ▲ the "Standard" model for sites of approximately 99 square meters (30 pyeong), and ▲ the "Target" model for locations of around 66 square meters (about 20 pyeong).

The "Strategic" model is designed for prospective entrepreneurs who wish to open a large store of at least 45 pyeong in prime commercial areas with more than 30,000 residents and a concentration of competing brands. This model provides up to 250 million won in investment support through 60 interest-free monthly installments, and offers comprehensive assistance, such as deposit loans for stores with high rents, to substantially lower the initial startup costs.

The "Standard" model targets those looking to open stores of about 30 pyeong in areas with a population of over 20,000. For this model, up to 160 million won of the total investment can be supported with a 60-month interest-free installment plan, ensuring a stable startup environment. The "Target" model is a small-scale store startup model of approximately 20 pyeong, designed for efficient store operation with a lower investment threshold and reduced barriers to entry.

Details regarding applications and support for Startup Ribbon Project Season 2 can be found on the official Mom's Touch website and social media channels.

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