- Benefit
- For sole proprietors with annual sales of KRW 1.5 billion or less who have been faithfully repaying under bank debt restructuring (Sole Proprietor Loan 119 / Small Business Owner 119 Plus; 개인사업자대출119·소상공인119Plus) for 3 months or more (no sales requirement for young business owners aged 34 or under). Up to KRW 30,000,000 (one additional loan), interest rate set by each bank (within 6% per year) plus a guarantee fee of 0.5% per year, 5 years (1-year grace period + 4 years of equal principal repayment), no early repayment fee.
- Who is eligible
- Sole proprietors with annual sales of KRW 1.5 billion or less who have been faithfully repaying under bank debt restructuring for 3 months or more
- When to apply
- Year-round (varies depending on each bank's launch schedule)
- How to apply
- Counter at a partner bank (13 banks including Kookmin, Shinhan, Woori, Hana, NongHyup and IBK); guarantee inquiries 1397
- Important notes
- Not available if you are overdue on the date of application. Guarantee or bank review may be rejected
- Note
- Available only at the bank where you are currently using debt restructuring, among the 13 partner banks. Users of the Credit Counseling and Recovery Service (신용회복위원회) personal workout or personal rehabilitation are handled separately.
Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.