Ulju-gun to Support Small Business Owners with Management Stabilization Funds in Second Half of This Year... Loans up to 60 Million KRW, Total Loan Scale of 10 Billion KRW

Ulju County Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Ulju-gun, Ulsan City, will provide business stabilization funds in the second half of 2022 to support local small business owners suffering from management difficulties due to the continued spread of COVID-19 and rising prices, and to revitalize the weakened local economy.

The loan scale for this business stabilization fund is 10 billion KRW, and selected applicants can borrow up to 60 million KRW, receiving interest differential compensation of 2.5% for two years.

Applications will be accepted on a first-come, first-served basis starting at 9 a.m. on the 26th via the Ulsan Credit Guarantee Foundation website.

For more details, refer to the announcement on the Ulju-gun website or contact the Nam Ulsan Branch or Seoulsan Branch of the Ulsan Credit Guarantee Foundation.

A county official urged, “Since applications for the business stabilization fund are accepted on a first-come, first-served basis, small business owners in need of funds should apply within the period to avoid missing out on support.”