Ulsan City will provide an additional 30 billion won in its "2026 Third-Round Management Stabilization Fund" to support local small business owners struggling with the economic downturn. With this addition, a total of 110 billion won will be operated this year.
The support is available to small businesses located in Ulsan. Wholesale, retail, and food service businesses with fewer than five full-time employees qualify, while manufacturing and construction businesses with fewer than 10 employees are eligible.
Each business can borrow up to 80 million won, with the city subsidizing 1.2 to 2.5 percent of the loan interest. Borrowers can choose among three repayment options.
Applications will be accepted on a first-come, first-served basis starting at 9 a.m. on May 14 through the Ulsan Credit Guarantee Foundation website, with loans to be disbursed in June.
