Gwangju Metropolitan City will provide 10 billion won ($7.3 million) in emergency management funds to local export companies facing business difficulties due to the Middle East crisis. Applications will be accepted until the allocated funds are depleted.
The support targets small and medium-sized enterprises (SMEs) with import-export records since 2024 that also qualify for Gwangju's general management stabilization fund. Eligible companies include manufacturers with a manufacturing or service sales dedication rate of 30 percent or higher, manufacturing-related service firms, and knowledge service companies.
Each company can receive up to 200 million won ($146,000), with loan terms of a two-year grace period followed by lump-sum repayment. To ease the financial burden on companies, Gwangju will subsidize 2 percentage points of the loan interest rate through an interest differential support program.
To enhance the program's effectiveness, companies already using the general management stabilization fund can apply additionally as long as they meet the requirements.
