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Gov't to help Korean SMEs affected by boycott of Japan

2019-09-30 37 Dailymotion

The South Korean government is going to help small businesses affected by the boycott... get loans worth more than 90 million U.S. dollars.<br /> According to the Ministry of SMEs and Startups, starting next month, about 58 million dollars will go to the tourism sector, enabling businesses to borrow up to 580-thousand dollars each.<br />They'll receive discounts on the fee they pay for the guarantee... and can repay the loans over seven years.<br />Guaranteed loans worth about 8-point-3 million dollars will go to other businesses that sell Japanese products, like restaurants and supermarkets. <br />

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