Management stabilization fund support for minor enterprises

Createdd 2003-06-26 Hit 6025

Contents

After the circulation market has opened, Gyeonggi Province plans to expand the financial support limits of newly inaugurated enterprises and the competition reinforcement fund because of the difficulties minor enterprises are having.

Gyeonggi-do will support $30 billion to small scaled distribution enterprises to activate local economy.

This operation fund support to stabilize management will support $30 million each to about 1,000 enterprises.

Interest and repayment conditions are 5.08% per year and repayment in three years with a one-year grace period. Applications are accepted by city and then Gyeonggi-do will decides which enterprise will receive support and those enterprises will then receive the fund from the city bank.

The expansion of this financial fund is to support enterprises having difficulties on management and to improve facilities.

Financing applications are accepted starting from July 1 and until the fund is consumed. Reception offices are located in each local economy related department of each city bureau.

Gyeonggi-do will make efforts on actively promoting the outcome of this financial aid by advance publicity work for enterprises.