Up to 40 Million Won per Company
2 Billion Won in Support for the First Half of the Year
Seongbuk-gu in Seoul (District Mayor Lee Seungro) will implement the ‘2026 First Half Social Investment Fund Loan Support Project.’ The district will apply an ultra-low annual interest rate of 0.75% to reduce the financial burden on local social economy enterprises. The loan terms allow for equal principal and interest installment repayment for up to five years, with no grace period, and each company can receive up to 40 million won.
Eligibility is limited to social economy enterprises within Seongbuk-gu as defined by the ‘Basic Ordinance on Social Economy for Realizing Social Value in Seongbuk-gu.’ This includes social enterprises, cooperatives, village enterprises, and self-support enterprises.
Seongbuk-gu has allocated a total project budget of 400 million won for both the first and second halves of this year. Support will continue until the funds are exhausted.
The application period for the first half is from February 9 to 13. Companies wishing to apply should check the notices section on the Seongbuk-gu Office website (sb.go.kr), prepare the required documents, and submit them in person to the Local Economy Division on the 8th floor of Seongbuk-gu Office. The decision on support and the amount will be made through a three-stage process: document screening, on-site inspection, and committee review.
Seongbuk-gu has established a social investment fund every year and has continued its loan project. Last year, it supported five companies with a total of 120 million won.
A district official stated, “We hope this ultra-low interest loan project will serve as a practical support for social economy organizations struggling with high interest rates and economic downturn. We will continue to do our best to create an environment where companies that generate social value can grow stably.”
For more details, please contact the Social Economy Team of the Local Economy Division at Seongbuk-gu Office (02-2241-3897).
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