The Ministry of Employment and Labor (30.07.2020) The Ministry of Employment and Labor and the Korea Labor Welfare Corporation announced that they will accept the loan maintenance project for small and medium-sized enterprises (SMEs) with no financial resources due to the temporary management difficulties following the spread of Corona 19. This is to reduce the burden on the employer and strengthen the employment stability of workers by lending funds to employers who have difficulty in paying leave allowances and repaying the loan amount with support for retained employment after the suspension and leave. Eligibility targets are reported to the Employment Center of the Ministry of Employment and Labor, and the employment maintenance plan is announced. Subsequently, as a “priority-supported company” that conducts suspensions and leave of absence, it can be loaned on the condition of at least 1 million won to 100 million won per company per loan loan and 1.5% per year (temporary repayment).
Job maintenance cost loan for small and medium-sized enterprises (SMEs) with no financial resources due to the temporary management difficulties following the spread of Corona 19. This is to reduce the burden on the employer and strengthen the employment stability of workers by lending funds to employers who have difficulty in paying leave allowances. It can be loaned on the condition of at least 1 million won to 100 million won per company per loan loan and 1.5% per year (temporary repayment).
The 100 million won limit for small and medium-sized business owners who have reported an employment maintenance plan is closed.
The Ministry of Employment and Labor (Jae-Gap Lee) and the Korea Labor Welfare Corporation (Chair Soon-hee Kang) announced that they will accept the loan maintenance business for small and medium-sized enterprises (SMEs) with no financial resources due to the temporary management difficulties following the spread of Corona 19. (7.30.)
This is to reduce the burden on the employer and strengthen the employment stability of workers by lending funds to employers who have difficulty in paying leave and leave allowances and repaying the loan amount with support for retained employment after the suspension and leave.
Eligibility targets are reported to the Employment Center of the Ministry of Employment and Labor, and the employment maintenance plan is announced. Subsequently, as a “priority-supported company” that conducts suspensions and leave of absence, it can be loaned on the condition of at least 1 million won to 100 million won per company per loan loan and 1.5% per year (temporary repayment).
Business owners who wish to apply for a loan can visit the branch of the Labor Welfare Corporation under the jurisdiction of the place of business or apply online through the Labor Welfare Service website (http://welfare.kcomwel.or.kr).
Labor Market Policy Officer Kim Young-jung of the Ministry of Employment and Labor said, “I expect that it will help companies that are striving to retain workers even under difficult employment situations due to continued corona19.” I will try to make this loan project effective in the field.”
Inquiry: Ministry of Employment and Labor Employment Incentive TF Bae, Yeon-
Jean (044-202-7213) Hee-Seon Shim, Department of Welfare Planning, Ministry of Labor and Welfare (052-704-7301)