Daejeon City will provide 35.1 billion won in emergency business stabilization support funds to small business owners to revitalize the local economy.

Eligibility:

Small business owners in Daejeon with annual sales of less than 140 million won in 2024
Approximately 86,400 businesses expected to benefit
Benefits:

Up to 500,000 won per business
Support for operating expenses such as rent and fuel
Application Period:

February 21, 2024 - March 26, 2024

How to Apply:

Daejeon Credit Guarantee Foundation online application system (https://hope.sinbo.or.kr)
February 21-26: Even/odd system based on the last digit of the business registration number
After February 28: In-person application at the 6th floor of the Daejeon Credit Guarantee Foundation (for those who have difficulty applying online)
Support Procedure:

Submit online application form (including supporting documents)
Review by Daejeon City and Daejeon Credit Guarantee Foundation
Support for operating expenses within 2 weeks of application

Inquiries:

Small Business Management Recovery Support Team (070-4355-4300)
Daejeon Metropolitan City (https://www.daejeon.go.kr)
Daejeon Credit Guarantee Foundation (https://www.sinbo.or.kr)

xclusion Targets:

Businesses that are closed or suspended as of the announcement date
Businesses with no sales in the previous year
Non-profit corporations, organizations, or associations
Speculative, entertainment, financial, and professional occupations, etc.

Other:

Text message notification service provided for application progress
Daejeon City plans to quickly provide support funds to small business owners who are experiencing difficulties due to high prices, high interest rates, and economic recession.