The Seoul Metropolitan Government will provide 200 billion won in “emergency economic recovery funds.. 

Fund for Small and Medium Business Development will be supplied from the 2nd…35 billion year-on-year increase New ‘emergency economic recovery fund’ worth 200 billion for companies with sharp drop in sales Expanded to include ‘fast dream funds’ for mid- to low-credit people, low income, and socially disadvantaged people The Seoul Metropolitan Government will provide 200 billion won in “emergency economic recovery funds” for small business owners who are pushed to the edge of the cliff and provide early support in the first half of the year. For small and low-credit small business owners, a special guarantee will be established to support ‘safe bankbooks’, which are negative bankbooks.The Seoul Metropolitan Government announced on the 1st that it will provide policy funds and special guarantees worth a total of 2.1 trillion won this year for small and medium-sized enterprises and small business owners suffering from sluggish domestic demand and political turmoil.The funds to be supplied this time consist of 200 billion won in “direct loans” (fixed interest rates), 1.7 trillion won in “market bank cooperation funds” (floating interest rates, interest differences preservation), and 200 billion won in “safe bank accounts” (special guarantees) in a negative bankbook method for small business owners. By sector, there are 860 billion won for vulnerable small business owners such as middle and low-credit people and socially weak people, 340 billion won for promoting the growth of prepared start-ups and excellent companies, and 900 billion won for general small business owners.This year’s loan support increased by 35 billion won compared to last year in order to smoothly raise funds for small and medium-sized enterprises and small business owners facing a livelihood cliff due to rising management costs and prolonged economic recession. Applications for funds will be accepted from the 2nd. The “safe bankbook,” which allows non-face-to-face applications of up to 10 million won per person, is expected to be officially implemented at the end of February after establishing the system.In particular, this year, 200 billion won worth of “emergency economic recovery funds” was newly established for small business owners who have been directly hit by prolonged sluggish domestic demand and shrinking consumption. The support targets are companies and small business owners whose sales have decreased by more than 10% compared to the previous quarter, half-year, or year-on-year, and will compensate for the difference in interest of 2.0% with a limit of up to 50 million won.In addition to management difficulties, a “principal repayment deferment system” will also be launched for small business owners who suffer from double trouble due to debt repayment. Among the companies that received loans for installment repayment of small and medium-sized businesses in Seoul before the end of May last year, those who will repay them in installments in the first