Regulatory Alerts2024-08-06 | 82817Financial Support Programs for Enterprises Affected by E-commerce Payment Delays
The Financial Services Commission announced that KRW560 billion-plus financial support programs for sellers affected by payment delays at e-commerce platforms TMON and WeMakePrice will begin on August 7. Eligible businesses can apply for maturity extensions and payment deferments on existing loans, access KRW300 billion in guaranteed loans from IBK and KODIT, and utilize KRW200 billion in low-interest financing from KOSME and SEMAS. An emergency response team will be maintained to ensure effective program operation and provide necessary consulting to affected enterprises.
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