The Korea Federation of Credit Guarantee Foundations announced on the 21st that it has provided a total of 11.6 billion won in credit guarantees to 473 companies out of approximately 2,500 graduates of the "Hope Return Package Fast-Track Re-Startup Education" program.
The Hope Return Package Fast-Track Re-Startup Education has been conducted since March, targeting regional credit guarantee foundation debtors with extinguished obligations and small business owners who have closed or are planning to close their businesses. The program offers tailored practical training to strengthen the operational capabilities and competitiveness of small business owners in areas such as finance, financial management, marketing, law, and taxation. The education program will continue until next month.
Graduates are provided with a range of practical financial and non-financial support, including: eligibility to apply for the regional credit guarantee foundation's special re-challenge guarantee; preferential benefits for re-startup special guarantees; eligibility to apply for the Small Enterprise and Market Service's special re-challenge funds; additional principal reduction through the Fresh Start Fund; and one-on-one customized consulting.
Applications for the re-startup education program can be made through the official Hope Return Package website.
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