Jungjingong Confirms 11.5595 Trillion Won Jungjin Fund for 2025

3.8% Increase Compared to the 2024 Original Budget

The Small and Medium Business Corporation (SBC) announced on the 1st that the scale of the 2025 Small and Medium Business Startup and Promotion Fund (SBC Fund) was finalized at 11.5595 trillion KRW following the resolution of the National Assembly plenary session on December 10th.

This represents a 3.8% (420.6 billion KRW) increase compared to the 2024 SBC Fund main budget of 11.1389 trillion KRW. In response to the rising uncertainties in domestic and international economic conditions, SBC will first ease the interest burden on small and medium enterprises by providing rapid liquidity supply through 4.5295 trillion KRW in policy funds via existing loan methods, along with 602.7 billion KRW in interest subsidies this year to encourage private financial inflows.

Small and Medium Business Corporation

Last year, SBC supported the business stabilization of small enterprises affected by the e-commerce settlement issues involving WeMakePrice and TMON. This year, to proactively address liquidity crises faced by small and medium enterprises, emergency business stabilization funds have been increased by 100 billion KRW compared to the previous year.

To effectively respond to the slowdown in global economic growth recovery and to revitalize the economy centered on small and medium enterprises, SBC will also strengthen export foundations. The budget for new market entry support funds has been increased by 193.1 billion KRW, and the export voucher budget has been expanded to 127.6 billion KRW, up 15.7 billion KRW from the previous year.

Additionally, SBC plans to transfer the business model of ‘GoBiz Korea,’ its online B2B export platform, to Vietnam and expand Official Development Assistance (ODA) projects. It will continue to build the foundation for small and medium enterprises to enter overseas markets by establishing and operating a youth startup academy in Colombia to share operational know-how.

A new budget of 29.9 billion KRW has also been allocated for the ‘Jump-Up Program,’ which discovers promising small and medium enterprises with high growth potential and willingness and supports their scale-up into mid-sized companies, thereby establishing a growth ladder for enterprises. It will also contribute to alleviating labor shortages in small and medium enterprises by supporting job matching with foreign personnel, such as international students, who possess specialized knowledge or skilled techniques, especially for those enterprises that find it difficult to utilize professional manpower.

Kang Seok-jin, Chairman of SBC, stated, “We will establish a proactive response system to prepare for the challenging domestic and international business environment, steadfastly implement policy support to drive innovative growth of enterprises, and fulfill our role as the frontline policy execution agency for small and medium enterprises.”