Gov't to help Korean SMEs affected by boycott of Japan
- 5 years ago
The South Korean government is going to help small businesses affected by the boycott of Japan... get loans worth more than 90 million U.S. dollars.
The Ministry of SMEs and Startups says, starting next month, about 58 million dollars in government-backed loans will go to the tourism sector, enabling businesses to borrow up to about 580-thousand dollars each.
They'll get a discount on the fee they pay for the guarantee... and they can repay the loans over seven years.
Guaranteed loans worth about 8-point-3 million dollars will go to other businesses that sell Japanese products, like restaurants and supermarkets.
The Ministry of SMEs and Startups says, starting next month, about 58 million dollars in government-backed loans will go to the tourism sector, enabling businesses to borrow up to about 580-thousand dollars each.
They'll get a discount on the fee they pay for the guarantee... and they can repay the loans over seven years.
Guaranteed loans worth about 8-point-3 million dollars will go to other businesses that sell Japanese products, like restaurants and supermarkets.