'9 Billion KRW Guarantee Support' Planned for Sejong Small Business Owners Facing Funding Difficulties

Sejong Credit Guarantee Foundation and KB Kookmin Bank Sign Business Agreement
9 Billion KRW in Guarantees to Support Local Small Business Owners
Practical Financial Support Amid Economic Downturn and Rising Prices

Sejong Credit Guarantee Foundation (hereafter Sejong CGF) and KB Kookmin Bank have signed a business agreement for the "Future Partnership Agreement Guarantee" and announced plans to provide guarantee support totaling 9 billion KRW to promote the recovery and growth of the local economy.

This agreement aims to provide practical financial support to local small business owners who are experiencing difficulties in securing funds due to the prolonged economic downturn and rising prices. KB Kookmin Bank will make a special contribution of 600 million KRW to Sejong CGF, and Sejong CGF will use these funds to supply agreement guarantees totaling 9 billion KRW.

The support is available to small and medium-sized enterprises and small business owners who are registered and operating within the region. The guarantee period is up to five years, and preferential benefits will be provided for both the guarantee ratio and guarantee fees. Further details can be found on the Sejong CGF website.

Kim Hyomyung, Chairman of Sejong Credit Guarantee Foundation, stated, "We will continue to actively cooperate with government and city policies and strive to develop various support measures that can provide practical assistance to struggling small business owners."