[Busan] Busan City, Financial Institutions Agreed to Support 180 Billion Won for Small Businesses

The Busan Metropolitan Government said it has signed a business agreement with the Busan Credit Guarantee Foundation and commercial banks to support small business owners and self-employed people.

The amount of support under the agreement is 180 billion won, and Busan City also plans to invest 7 billion won in guaranteed financial contributions over the next two years.

Commercial banks and the Korea Credit Guarantee Foundation plan to apply preferential interest rates to supported companies and help small business owners and self-employed people make a comeback through guarantees and loan support.