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North Jeolla Province picked 18 prospective local SMEs to grant subsidies

According to Yonhap News,

JEONJU, Oct. 19 (Yonhap) -- North Jeolla Province said on Oct 19 that the authority selected 18 promising SMEs and startups with high potential.

Those who were picked can be granted administrative and financial support from the local government when it comes to business activities to build up global market network and advance technology. They are qualified to take up loans as much as KRW 500 million while getting three percent of loan interest rate cut.

The authority says "We'll give financial, HR, technological and promotional support to local SMEs and startups to help them grown up for regional development."

Source Text

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Source: Yonhap News (Oct 19, 2019)

* This article was translated from Korean