Goseong-gun Provides 5 Billion KRW Loan Support for SME Development Funds

Applications Accepted Year-Round Until Funds Are Exhausted

[Asia Economy Yeongnam Reporting Headquarters Reporter Son Tae-seok] Goseong-gun, Gyeongnam Province is accepting loan support applications to provide 5 billion KRW worth of funds for small and medium-sized enterprise (SME) development.

The applicants must be manufacturing companies with their main office and business site located in Goseong-gun. The county accepts applications year-round until the funds are exhausted.

Applying companies must meet one of the following conditions: ▲ SMEs that have completed factory registration and are operating under Article 16 of the Act on the Promotion of Industrial Clusters and Factory Establishment ▲ manufacturing companies operating with a building area of less than 500㎡, registered as factories or manufacturing sites in the building ledger, and with manufacturing accounting for 30% or more of total sales.

However, companies with no sales as of the application date, those that are temporarily closed or out of business, and those who have not fully repaid previous loans are excluded from eligibility.

For more details, please refer to the ‘SME Development Fund Loan Support Plan Announcement’ in the Notices and Announcements section on the Goseong-gun website.