Wednesday, April 19, 2017

Credit loans to start-up ... 'Financial establishment set of three' introduction



The [Korea Selected financial newspaper reporters] lowered the maximum interest rate by 2 percentage points to the start-up, such as providing credit, financial establishment set of 3 'are supported.

Year policy financial institutions made 3,000 billion in start-up funds also sets out a start-up investment.

Financial Services Commission has announced a 'healthy start-up ecosystem support measures' provided by the 19th Joint Interagency.

First is 1000 billion of "three sets of start-up financing, the introduction of the first half of the year.

IBK Industrial Bank through which up to 2 percent interest rate reduction to one year probation and repayment within one year of start-up enterprises 'start-up credit', that up to 1.5 percentage point interest rate reduction on the 1-3-year start-up company, founded in the early credit loan ', which up to 1.0 percentage points reduction in interest rates in the 3-7-year start-up companies, can use the start-up of credit leap' 3-piece set.

Industrial Bank and Credit Guarantee Fund Guarantee Fund is created and technology 3,000 billion in start-up funds this year to invest in start-ups. The average increase 7-8-year investment period, the duration of start-up funds for more than 10 years.

Another equally decided to expand the current new album, after the establishment applied to the Kibo within 5 years of corporate solidarity warranties abolished based on the SBC and regional credit guarantee funds.

Increases so that the investments of private investors, angel investment target activated deduction for start-ups also.

The government plans to support lending, investment, policy, funding for start-up ecosystem composition of 80 trillion won over the next three years warranty and more. Jiwonaek the existing 70 trillion won in net additions was 10.1 trillion won.

Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com