Busan Credit Guarantee Foundation chief pledges stronger support for small businesses
Busan Credit Guarantee Foundation chairman Kim Hyun-jun told Yonhap he would strengthen financial and nonfinancial support for small businesses, from startup funding to debt adjustment and restarting after closure. He said a 700 billion won guarantee program operating since September with Busan and five financial institutions includes 500 billion won for new working capital and 200 billion won in conversion guarantees to ease existing loan repayment burdens.