Seongdong-gu to Provide 6 Billion Won in Loans to Small Businesses and Micro-Enterprises in Second Half

Key points in 3 lines

1. Seongdong-gu in Seoul will offer 6 billion won in loans to small and medium-sized enterprises and small business owners in areas hit hard by economic downturn and high interest rates.
2. The funding consists of 3 billion won from district funds (1.5% interest, 4-year term) and 3 billion won from bank cooperation funds, with up to 200 million won for small and medium-sized enterprises and up to 100 million won for small business owners.
3. Applications are due by September 12, and applicants must first receive preliminary consultation at Shinhan Bank, IBK Industrial Bank of Korea, Woori Bank or Hana Bank before applying in person at the Local Economy Division, Seongdong-gu Office.

Written by our reporter · 3-line summary by Koto, The Korean Today's AI assistant · 88 languages ⓘ