Gov't to operate low-interest loan program for SMEs facing difficulties due to trade deals
Published: 06 Apr. 2026, 15:17
![A mortgage loan advertisement is seen displayed outside a financial institution in Seoul on March 29. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2026/04/06/8c5fe4e8-83fa-47fc-b87c-dc21813207e0.jpg)
A mortgage loan advertisement is seen displayed outside a financial institution in Seoul on March 29. [YONHAP]
The government will operate a low-interest loan program for small- and medium-sized enterprises (SMEs) that are suffering or expected to suffer damage from Korea's trade agreements with foreign countries, the Ministry of Trade, Industry and Resources said on Monday.
Under the program, the Industry Ministry will select 30 companies that have seen or will likely see their sales or production capacity fall by more than 5 percent from a year earlier due to the implementation of trade agreements with foreign partners, according to ministry officials.
Selected companies will be eligible to apply for a loan of up to 7 billion won ($4.6 million) at a 2 percent interest rate.
The ministry also plans to provide business consultation services to 20 firms to help them navigate global trade uncertainties.
Yonhap
with the Korea JoongAng Daily
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