Disaster special terms for Geoje and Tongyeong flood-hit businesses — small business emergency funds up to KRW 300 million at 1.4–1.5% a year
Source material is a Korean government announcement (in Korean).
Small businesses that suffered flood damage in Geoje and Tongyeong and received a disaster confirmation certificate can borrow emergency business stabilization funds of up to KRW 300 million at 1.4–1.5% a year, and existing policy fund loans can receive maturity extensions.
Key facts
| Eligibility | Small businesses and SMEs with a disaster confirmation certificate for flood damage in Geoje and Tongyeong |
|---|---|
| Small business funds | Up to KRW 300 million; direct loans 1.5% and agency loans 1.4% a year (previously 2.0%); 10 years (5-year grace period) |
| SME funds | Disaster special-term rate 1.9% → 1.5% a year |
| Existing loans | Special maturity extension of policy fund loans |
| When applied | SMEs from October 1, small businesses from the third week of October |
| How to apply | Report damage to the local government and obtain a disaster confirmation certificate, then contact the Small Business Integrated Call Center 1533-0100 / Policy Fund Call Center 1811-3655 |
Last checked:
The Ministry of SMEs and Startups announced on October 5 that its disaster countermeasures committee on September 28, 2026 approved a disaster fund support plan for small businesses and SMEs in Geoje and Tongyeong, which were declared special disaster zones. Businesses that suffered flood damage and obtained a disaster confirmation certificate receive special disaster terms on emergency business stabilization funds. For the small business emergency business stabilization fund (disaster), the loan limit is up to KRW 300 million and the interest rate is lowered from 2.0% a year to 1.5% for direct loans and 1.4% for agency loans, with a 10-year term (5-year grace period). The disaster special-term rate for SMEs is cut from 1.9% to 1.5% a year. Existing policy fund loans receive special maturity extensions. The preferential terms apply to SMEs from October 1 and to small businesses from the third week of October.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
How do I apply?
Report the damage to your local government and obtain a disaster confirmation certificate, then contact the Small Business Integrated Call Center (1533-0100) for small businesses or the Policy Fund Call Center (1811-3655) for SMEs.
I already received funds before the special terms. Can I get the preferential terms?
Small businesses and SMEs in Geoje and Tongyeong affected by the floods that received funds before the special terms applied can also switch to the preferential terms.