2023 Seoul Small Business Fund Support Plan

The Seoul Metropolitan Government is going to provide financial support worth KRW 1.6 trillion to at least slightly alleviate the difficulties of small businesses that are taking a direct hit due to the shrinking consumer sentiment caused by high prices, high exchange rates, and high interest rates.

The funds supplied this time are KRW 700 billion of 'Safe Interest Rate Fund', which is supplied at a fixed rate of 3.7% for 5 years, reflecting the high interest rate situation, and KRW 900 billion of 'Small and Medium Business Promotion Fund' such as facility funds and emergency self-employment funds, totaling 1.6 trillion won It is worth 100 million won.

From the 19th, non-visit applications are available on the Seoul Shinbo website, bank mobile apps, etc.

From the 19th, you can apply for funds through the website of the Seoul Credit Guarantee Foundation, 'No-Visit Request', Shinhan Bank's 'Shinhan SOL Biz' (1599-8000), Hana Bank's 'Hana 1Q Enterprise' (1599-1111), Kookmin Bank 'KB Star Enterprise Banking' (1588-9999), Woori Bank 'Woori WON Banking Enterprise' (1588-5000) can be accessed through mobile apps.

Small business owners who have difficulty applying non-face-to-face can reserve a visit date on the Seoul Credit Guarantee Foundation website or customer center (1577-6119) and visit a branch on that date. The location of the branch can be checked on the Seoul Credit Guarantee Foundation website or by phone.

Park Jae-yong, Director General of Labor, Fairness, and Coexistence Policies of the Seoul Metropolitan Government, said, "We plan to intensively inject a total of KRW 1.6 trillion in policy funds, including safe interest rate funds, to restore daily life to small businesses suffering from economic recession." We will promote various support measures so that they can quickly overcome the business crisis and normalize their business.”