[Seoul District News] Geumcheon-gu Provides Various Supports Including Overseas Buyer Discovery, Interpretation, and Product Sample Delivery Before and After Events for Participating Companies... Dongjak-gu Secures 90 Million Won National Funding for Low-Credit Small Business Financial Support Contest... Mapo-gu Extends Application Deadline for Small Business Unpaid Leave Worker Support Fund... Yeongdeungpo-gu Offers Financial Special Lecture for Summer Vacation University Student Part-Time Workers
[Asia Economy Reporter Park Jong-il] Geumcheon-gu (Mayor Yoo Seong-hoon) will hold the ‘2022 G-Valley Online Export Consultation’ from July 20 to 22 to support small and medium-sized enterprises struggling to develop overseas markets due to COVID-19.
This G-Valley Online Export Consultation will be held twice in a hybrid format combining online and offline in cooperation with the Seoul Business Agency, Guro-gu, and the Korea Industrial Complex Corporation, in line with the With-Corona era.
The online consultation will be conducted at booths set up in the SBA G-Valley base space, and the offline consultation will be held at the Four Points by Sheraton Seoul Guro Hotel.
About 60 companies in the beauty and healthcare sectors located in G-Valley and Seoul, along with more than 30 overseas buyers, will participate. They will have 1:1 matched online consultations according to the consultation schedule.
Geumcheon-gu will support discovering overseas buyers, providing buyer information, interpretation support, and product sample delivery before and after consultations. Additionally, to strengthen the competitiveness of domestic SMEs in overseas expansion, experts will be invited to conduct educational programs on export marketing operation strategies.
Geumcheon-gu plans to hold an offline export consultation on September 28, aligned with the G-Valley WEEK period.
The recruitment period for domestic companies for the offline export consultation on September 28 is from July 4 to 22. Eligible companies are those in the IT and electrical/electronics sectors located in G-Valley and Seoul, and applications can be made through the Seoul Business Agency website.
Mayor Yoo Seong-hoon of Geumcheon-gu said, “Although it is a difficult time for SMEs due to the prolonged COVID-19 pandemic, I hope the G-Valley export consultation will be of some help for companies located in G-Valley to expand overseas.”
For more details, please refer to the 2022 G-Valley Export Consultation website or contact the Geumcheon-gu Office Regional Economy Division for guidance.
◆Geumcheon-gu Personnel
Dongjak-gu (Mayor Park Il-ha) was selected as an excellent institution in the ‘Small Amount Financial Support for Low Credit Small Business Owners and Self-Employed’ contest hosted by the Ministry of the Interior and Safety, securing 90 million KRW in national funds.
The district was highly evaluated for establishing a cooperative model with Saemaeul Geumgo and the Credit Guarantee Foundation. With this selection, Dongjak-gu will contribute a total of 200 million KRW from district and national funds to create a loan fund of 2 billion KRW.
The Dongjak-gu type low-credit small business financial support project was prepared to help low-credit small business owners, who are in the blind spot of financial benefits among those affected by COVID-19, to recover.
In particular, this project is one of the ‘100-day Action Plans’ of the 8th civilian term announced by Mayor Park Il-ha at the vision declaration ceremony on the 1st, and is a special guarantee support measure for small business owners to be implemented in September.
The loan limit is up to 20 million KRW per business for working capital purposes, and the district will bear more than half of the interest rate (4%, variable) for the first two years.
Eligible applicants must have a business location in the district and have been operating for more than six months, with a credit rating between 6 and 9.
Applications will start in mid-September and continue until funds are exhausted.
Additionally, the district plans to promote a special guarantee support of 12 billion KRW for small business owners with credit ratings between 1 and 5 in the district in September. The loan limit is up to 20 million KRW per business for working capital purposes, and the district will bear about half of the interest rate (3%, variable) for the first two years.
For other matters related to small business loan support, please contact the Economic Promotion Division.
Mayor Park Il-ha said, “Small business owners are the core of the neighborhood economy, so their economic stability is of utmost importance. We will strengthen financial support so that small business owners facing difficulties can recover.”
Mapo-gu (Mayor Park Kang-soo) announced on the 15th that it will extend the application deadline for the ‘Unpaid Leave Worker Support Fund’ to the 31st.
The original deadline was June 30, which has now been extended by one month.
Along with this extension, the criteria for excluding industries from support have been relaxed, allowing workers from companies previously excluded to reapply.
Previously, if even one excluded industry for small business policy fund loans was listed on the business registration certificate, the applicant was excluded from support. Now, support is possible if the excluded industry listed is not the main industry.
Eligible applicants are workers who have been employed at companies with fewer than 50 employees located in Mapo-gu from April last year to June this year, who have taken unpaid leave for seven or more days per month and have maintained employment insurance. Those who applied before June 30 must maintain employment insurance until July 31, and those who apply in July must maintain it until August 31. However, self-isolation due to COVID-19 infection does not count as unpaid leave.
If selected, applicants can receive 500,000 KRW per month, up to 1.5 million KRW for a maximum of three months.
Applications can be made by downloading the application form and necessary documents from the Mapo-gu Office website, filling them out, and submitting them in person at the 6th floor Unpaid Leave Worker Support Fund reception desk, by email, by mail to the Mapo-gu Office Job Support Division, or by fax.
For more details, check the ‘Notices’ section on the Mapo-gu Office website or contact the Job Support Division.
Mayor Park Kang-soo said, “I hope this support fund will be of some help to workers struggling due to COVID-19. We will continue to make every effort to reduce the economic burden on residents and help them recover their daily lives without difficulties.”
Yeongdeungpo-gu (Mayor Choi Ho-kwon) held a financial special lecture on the 13th for about 30 summer vacation university student part-timers assigned to each department.
The lecture was held at the Yeongdeungpo-gu Office annex auditorium and delivered practical financial information necessary for people in their 20s in a compressed format over two hours starting at 1 p.m.
Senior Professor Seong Su-yong from the Financial Supervisory Service served as the lecturer, covering ▲financial knowledge for people in their 20s ▲how to use financial products ▲asset management and credit management methods, providing tailored financial management information for young people entering society.
Additionally, the lecture increased students’ concentration by covering topics from financial goals by life cycle, asset management principles for people in their 20s, securities analysis methods, stock investment precautions, types of funds and investment tips, to ESG investment, which has recently become a hot topic in the financial industry.
The final lecture included education on preventing financial fraud. It shared cases of loan fraud, employment scams, and investment scams that young workers are prone to, and reviewed appropriate countermeasures and precautions to prevent damage.
The district operates a ‘University Student Part-time Job’ support project every year during vacation periods, allowing students to experience public service and earn tuition fees.
In particular, various educational programs have been provided to participating students, receiving great responses.
Baek Jeong-hwa, Director of the Social Economy Division, said, “This financial special lecture was prepared to strengthen the economic knowledge and financial capabilities that young workers need before entering society. We will continue to do our best to activate part-time job operations and provide customized financial education so that university students in the district can wisely experience district administration and establish sound and correct economic concepts.”
◆Yeongdeungpo-gu Personnel
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