Jungnang-gu Offers Up to 200 Million KRW Low-Interest Loans at 3% for Small Businesses and Merchants

Jungnang-gu, Woori Bank, and Seoul Credit Guarantee Foundation Sign Agreement to Support Small and Micro Enterprises and Small Business Owners

Jungnang-gu (Mayor Ryu Gyeong-gi) signed a special agreement on the afternoon of the 27th with Woori Bank and the Seoul Credit Guarantee Foundation to support local small and micro enterprises and small business owners.

This agreement includes Woori Bank’s special contribution of 1 billion KRW and the Seoul Credit Guarantee Foundation’s special guarantee of 12.5 billion KRW to alleviate the financial burden of rising loan interest rates on small and micro enterprises and small business owners.

Under the agreement, small and micro enterprises and small business owners operating businesses in Jungnang-gu for more than three months can receive loans of up to 200 million KRW at low interest rates in the 3% range.

Ryu Gyeong-gi, Mayor of Jungnang-gu, said, “I hope this agreement, made in collaboration with Woori Bank and the Seoul Credit Guarantee Foundation, will be of help to small and micro enterprises and small business owners in the region,” adding, “We will continue to do our best to create a strong and vibrant local economy.”