DAEJEON < invest Korea

According to Newsis,

(Daejeon=Newsis) Daejeon City announced on the 26th that it will provide concentrated support of KRW 160 billion in "SME Nurturing Funds" for the first half of this year.

This program aims to alleviate the fundraising burden on local SMEs and allow them to focus on management activities, such as facility investment and technological enhancement. The city supports these companies by subsidizing the interest rate difference on loans or providing funds at low interest rates.

In addition to the General Management Stabilization Fund, the package consists of Region-Specific Special Guarantees (via the Korea Credit Guarantee Fund), Funds for Startups and Competitiveness Reinforcement (for facility funds), and Production Support Funds based on purchase conditions.

Starting this year, the city has significantly expanded the eligibility for preferential interest rates to align with the changing business environment. Newly included targets are tenant companies in the Pyeongchon Industrial Complex, top job-creating enterprises, child-rearing friendly companies, disaster-affected SMEs, companies invested in by Daejeon Investment Finance, and participants in the Daejeon City Testbed-KIBO program.

Park Jong-bok, Director of the Corporate Support Bureau at Daejeon City, stated, "The response from the field was very positive, with satisfaction reaching 91 percent last year."

He added, "We will do our best to help local SMEs overcome management crises and take a new leap forward by providing timely support during this period of high capital demand ahead of the Lunar New Year holiday."

◎ NEWSIS, kshoon0663@newsis.com



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Source Text

Source: Newsis (January 26, 2026)

** This article was translated from Korean.