Yongin City announced on the 20th that it will provide emergency support to help stabilize small and medium-sized enterprises affected by the Middle East conflict.
The city is investing 2.5 billion won in budget to provide 64.1 billion won in working capital loans for SMEs, including special guarantees and interest subsidy support. Eligible companies are those with export records to the Middle East during 2025-2026.
For loans up to 300 million won from banks partnered with the city, companies can receive interest subsidies of 3% annually—up from the previous 2%—for three years from the loan date.
The city's Business Support Division is operating an "Enterprise SOS Support Center" to hear from affected SMEs about difficulties regarding financing, sales channels, and regulations, and to guide them to various support programs. The center is providing consultations for affected exporters in partnership with the Yongin Chamber of Commerce and Industry.
The Yongin Industrial Promotion Agency is also implementing a 120 million won export logistics cost support program for 39 companies.
Separately, Gyeonggi Province is providing 2% annual interest subsidies for five years on working capital loans to companies affected by Middle East export disruptions and is implementing a 650 million won export trade insurance support program.
Related agencies are also providing emergency support, with the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea International Trade Association implementing emergency support programs worth 8 billion won and 10.5 billion won, respectively.