[Photo] Jongno-gu Signs Business Agreement for Small Business Loan Support

(From left) Kim Jae-hwa, Head of Hana Bank Central Region 2 Headquarters; Han Jong-kwan, Chairman of Seoul Credit Guarantee Foundation; Jo Yong-jin, Head of Woori Bank Central Sales Headquarters; Kim Young-jong, Mayor of Jongno District; Lim Kyung-rae, Head of Shinhan Bank Central Headquarters

[Asia Economy Reporter Jongil Park] Jongno-gu (District Mayor Kim Young-jong) signed a business agreement on the 14th in the district mayor's office with Seoul Credit Guarantee Foundation, Woori Bank, Shinhan Bank, and Hana Bank to support low-interest loans for small business owners.

Through this agreement, Jongno-gu and the three banks will contribute a total of 1.6 billion KRW to the Seoul Credit Guarantee Foundation on a 1:1 matching basis, providing low-interest loans of up to 20 million KRW to small enterprises and small business owners in the region.

The loan scale is 20 billion KRW, and Jongno-gu will support the interest for one year.

District Mayor Kim Young-jong stated, “As part of the city-district cooperative livelihood economic measures, we intend to support low-interest loans for small business owners,” adding, “We hope this will provide some help to small business owners in the region who are experiencing economic difficulties due to the prolonged COVID-19 pandemic.”