Gwangyang City Launches 'Loan Interest Subsidy' Program to Support SMEs

6 Billion KRW Invested by the City
"Supporting Management Stability for Local Businesses"

Gwangyang City in Jeollanam-do is implementing the '2025 SME Development Loan Interest Subsidy Support Project' to promote management stability and strengthen the competitiveness of local small and medium-sized enterprises (SMEs).

The SME Development Loan Interest Subsidy Support Project provides a 3% interest subsidy for two years (with a maximum loan limit of 300 million KRW) to companies that have their main office (headquarters) and business site in Gwangyang City and have been operating for more than two years in industries such as ▲manufacturing ▲transportation and warehousing ▲information and communications ▲waste management, among others.

Exterior view of Gwangyang City Hall.

Last year, the city provided 750 million KRW in interest subsidies to 102 companies. This year, the city plans to support local SMEs facing management crises due to the domestic market downturn and respond to the growing demand for loan support by offering 600 million KRW in interest subsidies for a total loan amount of 20 billion KRW.

Applications will be accepted until funds are exhausted. Preferred companies, such as those that have received the Gwangyang City CEO Award, Best Worker Award, Industrial Peace Award, or are women-owned businesses, can receive a 4% interest subsidy.

Companies wishing to apply should visit one of the 10 branches of the 7 financial institutions partnered with Gwangyang City for a preliminary loan consultation, then submit the loan application form, including a business plan and financial statements from the past two years, to the city.

Jung Haejong, head of the Investment and Economy Division, said, "We hope that the Gwangyang City SME Development Loan Interest Subsidy Support Project will help stabilize the management of local SMEs struggling due to the domestic market downturn," and added, "We will continue to seek various support measures so that the city and local businesses can achieve mutual growth."