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Policy finance sharply expands support for early-stage startups and small businesses
AI 3-line summary
- The Financial Services Commission signed a cooperation agreement at the Industrial Bank of Korea for early-stage startup support and held the 14th Policy Finance Support Council.
- The Korea Credit Guarantee Fund and the Industrial Bank of Korea will prioritize support of up to 100 million won for startups immediately after founding, and raise the guarantee limit to up to 200 million won after one year.
- The Small Business Owners Deodream Package will be expanded from 10.5 trillion won to over 12 trillion won, and detailed reform plans are scheduled to be finalized and announced in late September.
Summary written by AI from the original article · 88 languages
Official translation → Read the full article (machine translation) → Original article (Korean): 정책금융, 초기 스타트업·소상공인 지원 대폭 확대
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