Sokcho City to Provide 2.5% Loan Interest Subsidy for SMEs and Small Businesses... Full Support for Easing Management Difficulties

2.5% Interest Subsidy for Two Years
Up to 3% for Sokcho City Master Companies
Loan Limits Vary by Sales Volume
Additional Support for Seorak-dong B and C Districts and Women-Owned Businesses

Sokcho City in Gangwon Province is promoting an interest subsidy program for development funds to ease the financial burden on small and medium-sized enterprises (SMEs) and small business owners.

View of Sokcho City Hall.

Sokcho City has announced the "2026 Sokcho City SME Development Fund Interest Subsidy Support Plan" on its website and other channels, and will carry out an interest subsidy program for development funds targeting SMEs and small business owners.

This program provides a 2.5% interest subsidy for two years on development funds borrowed from financial institutions by SMEs or small business owners. Companies designated as Sokcho City Masters can receive up to a 3% subsidy.

The loan support limit is set within the average annual sales of the applicant company over the past two years. Manufacturing companies can apply for up to 300 million won, non-manufacturing companies up to 70 million won, and companies that have difficulty verifying sales up to 30 million won. For special support targets, up to 200 million won is available for the Seorak-dong B and C districts, and an additional 100 million won is available for women-owned businesses.

SMEs and small business owners wishing to apply should first consult with one of the 16 financial institutions that have signed agreements with Sokcho City, then complete the application form and required documents, and submit them in person to the Regional Economy Division at Sokcho City Hall.

A Sokcho City official stated, "At a time when rapidly changing internal and external environments and rising economic uncertainty are intensifying management difficulties, we hope this support will help alleviate funding shortages and stabilize business operations," adding, "In 2026, we will continue to introduce support measures that contribute to the growth of SMEs and small business owners."