Shortcut to Body Shortcut to main menu

News & Event

  • Home
  • News
  • News & Event
Daejeon city, to grant subsidies to financially struggling local entrepreneurs
Date
2020.01.28
Views
265




According to Yonhap News,

The city of Daejeon announced on Jan. 15 that the local authority will spend as much as KRW 17.3 billion on a financial remedy, helping economically strapped entrepreneurs remain sustainable. The size of the budget totals KRW 114 billion. Candidates selected to be the beneficiary of the program can be granted up to KRW 60 million. The city government also covers 2 percent of corporate loan interests, while providing subsequent services worth KRW 950 million such as advisors’ business coaching service.

Entrepreneurs who hire employees aged over 50 for 6 consecutive months will be on the candidate list to have cash grants- KRW 500,000 per month, up to 3 million.




Source Text


Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.



kjunho@yna.co.kr

Source: Yonhap News (Jan. 15, 2020)


*This article was translated from Korean.