Culture Ministry and Arts Management Support Center Launch Arts Industry Guarantee... Up to KRW 1 Billion Support for Arts Enterprises

Working Capital and Project Funding Supported
KRW 23.75 Billion in Total Financial Guarantees Available

The Ministry of Culture, Sports and Tourism and the Arts Management Support Center have started the '2026 Arts Industry Guarantee' contest from April 1 to improve financial accessibility for arts enterprises. This initiative is part of a pilot financial support project for the arts industry, carried out in cooperation with the Korea Technology Finance Corporation.

The Ministry of Culture, Sports and Tourism and the Arts Management Support Center have started the '2026 Arts Industry Guarantee' contest from the 1st to improve financial accessibility for arts enterprises.

The Arts Industry Guarantee targets arts enterprises and arts projects with marketability and growth potential. The total guarantee amount is 23.75 billion won. There are two types of guarantees: the 'Arts Enterprise Guarantee,' which supports working capital for business operations, and the 'Arts Project Guarantee,' which provides funding for planning and production of performances, exhibitions, and other projects. The maximum guarantee per company is 1 billion won, with a guarantee coverage ratio ranging from 95% to 100%.

Eligible applicants are arts enterprises in the arts industry sector with a business registration certificate. Companies that receive both a guarantee recommendation from the Arts Management Support Center and a guarantee review approval from the Korea Technology Finance Corporation will be issued a guarantee certificate for loans from financial institutions. Companies can then submit the guarantee certificate to commercial banks and, after the bank’s loan review process, access the funds. The purpose of this program is to address the difficulties arts enterprises face in accessing financial institutions due to lack of credit or collateral.

The Arts Management Support Center expects that this contest will help arts enterprises secure the necessary funds to operate their businesses and projects, thereby improving management stability. However, the Center explained that even after its recommendation, companies must still undergo a separate review by the Korea Technology Finance Corporation in order to be issued a final guarantee certificate. Therefore, applicants are advised to carefully review the eligibility requirements and important notes.

Applications can be submitted online through the National Culture and Arts Support System (NCAS) until 4 p.m. on April 10. Regular contests will continue at the beginning of each month until November. For more details, please refer to the notices on the Arts Management Support Center website.

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