Loans · Finance
Small Business Policy Fund: General Business Stabilization Fund (SEMAS, 소상공인 정책자금 일반경영안정자금, 소진공)
Up to KRW 70,000,000 per year · base rate + 0.6%p (3rd quarter 2026: 4.45% per year) · 5 years (including a 2-year grace period)
See eligibility · how to apply · cautions
- Details
- Operating funds of KRW 70,000,000 per year (per business, combined balance of SEMAS policy funds within KRW 500,000,000 for operating funds and KRW 1,000,000,000 including facility funds). Variable rate = policy fund base rate + 0.6%p (3rd quarter 2026: 3.85% → 4.45% per year, announced again each quarter). Within 5 years (including a 2-year grace period), proxy loan (대리대출) with guarantee certificate or credit. Interest rate preference of up to 0.8%p (Zero Pay, employment insurance for the self-employed, Noranumbrella (노란우산), non-Seoul-metropolitan area, etc.). Scale: KRW 1.22 trillion. Excluded: those who have received policy funds 3 or more times in the last 5 years, tax delinquents, those registered with credit-risk information, closed or suspended businesses, and ineligible industries for loans (finance, insurance, real estate, legal and tax services, etc.).
- Eligibility
- Small business owners under the Framework Act on Small Business (fewer than 5 regular employees; fewer than 10 for manufacturing, construction, transportation and mining), regardless of years in business
- Timing
- Proxy loan applications opened on 2026.1.5 · received in order per fund, closes when the budget runs out · check the website for whether applications are currently open
- How to apply
- Online at the Small Business Policy Fund website (ols.semas.or.kr), or visit a SEMAS regional center (80 nationwide) and then take out a loan through a guarantee institution or bank · 1533-0100
- Caution
- Closes early when the budget runs out. The base rate changes quarterly (3rd quarter from 2026.7.10; 4th quarter to be announced). The notice reflects up to the 5th amendment of 2026.10.1.
Tax
Noranumbrella (Mutual Aid for Small Enterprises and Small Business Owners, 노란우산)
Income deduction of up to KRW 6,000,000 per year (business income KRW 40,000,000 or below) · KRW 50,000-1,000,000 per month · seizure-protected · lump sum upon closing a business
See eligibility · how to apply · cautions
- Details
- Monthly contribution KRW 50,000-1,000,000. Income deduction = the lesser of annual contributions and the limit by income bracket (business income KRW 40,000,000 or below: KRW 6,000,000 / KRW 60,000,000 or below: KRW 5,000,000 / KRW 100,000,000 or below: KRW 4,000,000 / over KRW 100,000,000: KRW 2,000,000; Restriction of Special Taxation Act Article 86-3; real estate rental income excluded). Corporate representatives: total salary of KRW 80,000,000 or below. The benefit is paid upon business closure, death, retirement of a corporate representative due to illness, age 60 with 120 months of contributions, disaster, 6 months of medical care, or rehabilitation/bankruptcy. The limit was raised for contributions from 2025.1.1. Benefits are taxed as retirement income; early cancellation without a qualifying reason is taxed as other income. Re-enrollment is not possible for 1 year after cancellation, including cancellation after 12 months of unpaid contributions. Local governments separately offer enrollment incentives.
- Eligibility
- Representatives of small enterprises and small businesses (sole proprietors and corporate representatives). Duplicate enrollment not allowed; check with the Korea Federation of SMEs for excluded industries and detailed requirements
- Timing
- Enroll any time · income deduction applies to contributions through 12/31, reflected when filing comprehensive income tax (May)
- How to apply
- Noranumbrella website (www.8899.or.kr) · Korea Federation of SMEs (중소기업중앙회) regional offices · partner financial institutions · 1666-9988
- Caution
- The extinctive prescription for unclaimed benefits was extended from 3 to 5 years (effective 2026.6.3); benefits already expired can also be claimed for 5 years from 2026.6.3 — checking for unclaimed benefits is recommended.
Jobs · Education
Employment Insurance for the Self-Employed (Enrollment, Premium Support, Unemployment Benefit upon Closure, 자영업자 고용보험)
50-80% of the monthly premium of KRW 41,000-76,000 supported for up to 5 years · Job-Seeker's Benefit (구직급여) of 120-210 days upon closure
See eligibility · how to apply · cautions
- Details
- Standard pay grades 1-7 (monthly premium KRW 40,950-76,050). Ministry of SMEs and Startups support: grades 1-2 80%, grades 3-4 60%, grades 5-7 50% (KRW 32,760-38,025 per month), up to 5 years. In Gangwon, Chungnam, etc., additional local government support can bring the total to a maximum of 100%. Job-Seeker's Benefit upon closure = base daily amount (selected pay) × 60%; 120 days for 1-3 years of enrollment, 150 days for 3-5 years, 180 days for 5-10 years, 210 days for 10 years or more. To receive benefits: enrollment of at least 1 year within the 24 months before closure, involuntary closure, and job search efforts. Excluded from enrollment: real estate rental business, recipients of Job-Seeker's Benefit within 2 years before applying, and businesses not covered by employment insurance.
- Eligibility
- Business owners with no employees or fewer than 50 employees (business registered and actually operating). Premium support is for small business owners
- Timing
- Enroll any time · premium support applications from 2026.1.2 · support is refunded about 2 months after payment
- How to apply
- New enrollment: enroll and apply for support at the same time on the Employment and Industrial Accident Insurance Total Service (고용산재보험토탈서비스, total.comwel.or.kr) of the Korea Workers' Compensation and Welfare Service · Existing enrollees: Small Business 24 (소상공인24, sbiz24.kr) · 1588-0075/1533-0100
- Caution
- May close when the 2026 support scale of about 42,200 people (KRW 15.3 billion) runs out. Additional support from provinces must be applied for separately with the local government.
Care · Services · Discounts
Hope Return Package (One-Stop Support for Closure and Recovery, 희망리턴패키지)
Store demolition costs of KRW 200,000 per 3.3㎡, up to KRW 6,000,000 + business wind-down consulting, legal advice, and re-start commercialization up to KRW 20,000,000
See eligibility · how to apply · cautions
- Details
- (1) One-stop closure: business wind-down consulting (tax savings, disposal of fixtures, transfer), store demolition costs (up to KRW 6,000,000, raised from KRW 4,000,000 in 2025), legal advice, debt adjustment. (2) Specialized employment: job-change incentive up to KRW 1,000,000 (course completion 600,000 + length of service 400,000), National Employment Support linked allowance KRW 200,000 per month × 6 months (up to KRW 1,200,000). (3) Re-start commercialization: business diagnosis, courses, and commercialization funds up to KRW 20,000,000 in national funding (50% self-payment). Linkage with the National Employment Support System was expanded from 2,000 to 3,000 people. If you complete Hope Return when applying for the New Start Fund (새출발기금), you get preferential principal reduction (up to 10%p, announced 2024.9). Scale: KRW 305.6 billion.
- Eligibility
- Small business owners in business crisis or closing (or planning to close). Requirements vary by program, e.g., store demolition costs are for closing leased stores
- Timing
- Announced and opened for applications in 2026.1, until the budget runs out (support from February to November) · re-start commercialization is selected once a year (March-April)
- How to apply
- Apply online at the Hope Return Package website (hope.sbiz.or.kr); store demolition costs at Small Business 24 (소상공인24, sbiz24.kr) · 1533-0100 (option 4)
- Caution
- Reported as not retroactive after demolition is completed (apply before demolition) — check the notice. The 2026 re-start commercialization recruitment may have closed.
Loans · Finance
New Start Fund (Debt Adjustment for Small Business Owners and the Self-Employed, 새출발기금)
Up to 90% principal reduction for distressed or at-risk borrowers (typically 30-80%) · installment repayment of up to 10-20 years
See eligibility · how to apply · cautions
- Details
- Eligible: small business owners and self-employed persons who ran a business between 2020.4 and 2025.6 (including closed businesses; speculative industries and closed corporations excluded) who are distressed (overdue 90 days or more) or at risk of distress. Reduction of 30-80% of the net unsecured distressed debt (up to 90% for low-income and vulnerable borrowers); repayment up to 10-20 years, grace period up to 1-3 years. With the end-June 2026 reform, the lower limit is 30% for those with high repayment ability. Submission of virtual asset holdings was made mandatory in 2026.1 and of unlisted stock holdings in 2026.5; after the Credit Information Act took effect on 8.13, bulk asset checks and investigations of fraudulent acts are strengthened. Debt collection stops from the day after applying (reform of 2024.9). Additional early-repayment reduction for faithful repayment.
- Eligibility
- Distressed or at-risk borrowers among small business owners and self-employed persons who ran a business between 2020.4 and 2025.6 (excluded if income and asset review shows repayment ability)
- Timing
- Apply anytime · application deadline 2026.12.31 (announced by the Financial Services Commission in 2024.9) — reports of a 2027 extension need official confirmation
- How to apply
- New Start Fund website, call center 1660-1378 (KAMCO, 캠코), or visit a SEMAS New Start Support Center (78 nationwide) for consultation
- Caution
- The application deadline may be near at year-end — confirm with KAMCO whether it is extended. The agreement is terminated if false asset reporting or fraudulent acts are discovered.
Cash · Vouchers
Small Business Management Stabilization Voucher (KRW 250,000, 소상공인 경영안정 바우처)
Digital voucher of up to KRW 250,000 per business (electricity, gas, water, the 4 major social insurances, vehicle fuel, etc.)
See eligibility · how to apply · cautions
- Details
- Small business owners who opened before 2025.12.31, with 2025 annual sales above KRW 0 and under KRW 104,000,000, and in business on the application date. Automatically deducted when paying with the card of the card company (1 of 9) chosen at application. 9 places of use: electricity, gas and water bills; National Pension, national health insurance, employment insurance, industrial accident insurance; vehicle fuel; traditional market fire mutual aid fees (telecommunication fees excluded). Not available for industries excluded from policy funds. For one person with multiple businesses or co-representatives, only one business (the main representative) may apply. Amounts above the limit or payments outside the places of use are paid by the user. A narrower follow-up to the 2025 supplementary budget 'Burden Relief Credit' (KRW 500,000, annual sales KRW 300 million or below).
- Eligibility
- Small business owners in business with annual sales under KRW 104,000,000 (opened before 2025.12.31) and not in an industry excluded from policy funds
- Timing
- Applications opened 2026.2.9 · application deadline 12.18 (Fri) 6 p.m., closing early if the budget runs out (per reports) · use period from the payment date to the end of 2026.12 (planned)
- How to apply
- Online (no documents) at the Small Business Management Stabilization Voucher website (소상공인경영안정바우처.kr) or Small Business 24 (소상공인24, sbiz24.kr) · call center 1533-0100 · SEMAS regional center
- Caution
- The deadline (12.18 per reports) and the use deadline (end of December) are near — unapplied and unused amounts expire. Check the notice for the exact deadline.
Tax
Simplified Taxpayer (Under KRW 104,000,000 per Year) and VAT Payment Exemption (Under KRW 48,000,000, 간이과세·부가세 납부면제)
Simplified taxation if the previous year's supply value was under KRW 104,000,000 · exempt from the VAT payment obligation if under KRW 48,000,000 per year
See eligibility · how to apply · cautions
- Details
- Individual business owners whose previous year's supply value was under KRW 104,000,000 are simplified taxpayers (Enforcement Decree Article 109). Tax payable = supply value × value-added ratio by industry (retail and restaurants 15%, manufacturing and agriculture/forestry/fishing 20%, accommodation 25%, construction, transportation and ICT 30%, etc.) × 10%. If the supply value in the taxable period is under KRW 48,000,000, the payment obligation is exempt (Value-Added Tax Act Article 69). Excluded: mining, wholesale, some manufacturing, real estate sales business, real estate rental business and taxable entertainment venues (supply value of KRW 48,000,000 or more), and other industries excluded by the Enforcement Decree. New businesses are assessed on a 12-month converted basis.
- Eligibility
- Individual business owners whose previous year's supply value (annualized for new businesses) is under KRW 104,000,000 (not in an excluded industry)
- Timing
- Choose the taxation type when registering the business · determination applies automatically · simplified taxpayers file per taxable period
- How to apply
- Business registration application and taxation type check at Hometax (홈택스, hometax.go.kr) · National Tax Service 126
- Caution
- If the supply value exceeds the threshold, you switch to general taxation (notified by the National Tax Service). No change to the 2026 standards has been confirmed.
Care · Services · Discounts
Commercial Building Lease Protection Act (Converted Deposit, Right to Demand Renewal, Premium, Dispute Mediation, 상가임대차보호법)
Full protection if the converted deposit is KRW 900 million or below in Seoul, KRW 690 million in overcrowding control zones and Busan, KRW 540 million in metropolitan cities, etc., and KRW 370 million elsewhere · renewal demand up to 10 years · rent increases at 5% or less per year
See eligibility · how to apply · cautions
- Details
- Converted deposit = deposit + monthly rent × 100. Limits (Enforcement Decree Article 2): Seoul KRW 900 million / overcrowding control zones (excluding Seoul) and Busan KRW 690 million / metropolitan cities, Sejong, Paju, Hwaseong, Ansan, Yongin, Gimpo and Gwangju KRW 540 million / elsewhere KRW 370 million (unchanged since 2019.4). Leases above the limit are still protected for opposing power against third parties, renewal demand (10 years) and premium recovery opportunity (the 5% increase cap does not apply). The renewal demand is made 6 to 1 months before expiry; three months of overdue rent, etc. are grounds for refusal or termination. Rent increase demands are capped at 5%, and no further increase within 1 year after an increase. Priority repayment for small tenants (Enforcement Decree Articles 6 and 7): if the converted amount is KRW 65,000,000 or below in Seoul, KRW 55,000,000 in overcrowding control zones, KRW 38,000,000 in metropolitan cities, etc., and KRW 30,000,000 elsewhere, the deposit is repaid with priority up to KRW 22,000,000, KRW 19,000,000, KRW 13,000,000 and KRW 10,000,000 respectively.
- Eligibility
- Tenants of commercial buildings who have registered a business (full application within the converted deposit limit; some provisions apply above it)
- Timing
- Open all year · renewal demand from 6 months to 1 month before contract expiry · opposing power from the day after handover + business registration
- How to apply
- Confirmed date: tax office or Hometax (홈택스) · disputes: apply for mediation to the Commercial Building Lease Dispute Mediation Committee (branches of the Korea Legal Aid Corporation, LH, Korea Real Estate Board)
- Caution
- If the renewal demand period passes, the lease is renewed tacitly (1 year). The claim for damages for premium is subject to a 3-year limitation after the lease ends.
Loans · Finance
Credit-Vulnerable Small Business Fund (Direct Loan for Mid-to-Low Credit, 신용취약소상공인자금)
Up to KRW 30,000,000 · base rate + 1.6%p (3rd quarter 2026: 5.45% per year) · 5 years (including a 2-year grace period)
See eligibility · how to apply · cautions
- Details
- SEMAS direct loan exclusively for small business owners with mid-to-low credit (NCB score 839 or below). Prior completion of the credit management course at the Small Business Knowledge Academy (소상공인지식배움터, edu.sbiz.or.kr) is required. One year after the loan, if the credit score rises by 70 points or more or recovers to 840 or above, you can apply for a 0.5%p interest rate reduction. 2026 scale: KRW 700 billion (amended notice). From April 2026, instead of first-come-first-served, a 'policy priority evaluation' (credit rating, benefit history, non-Seoul-metropolitan area, years in business) is used, with fixed 2-day application periods (4.20-21, 6.15-16, etc.). The limit is combined with balances of similar past funds.
- Eligibility
- Small business owners with mid-to-low credit (NCB score 839 or below, NICE score applied at the time of application) who have completed the credit management course
- Timing
- Designated application days (2 days) per round, then selected by priority evaluation → loan review · check the website for later rounds
- How to apply
- Apply on the Small Business Policy Fund website (ols.semas.or.kr); course at edu.sbiz.or.kr · SEMAS regional center · 1533-0100
- Caution
- If not selected after a round closes, reapply in the next round. The limit is KRW 30,000,000 combined with similar funds from 2023-2026.
Loans · Finance
SEMAS Refinancing Loan (Conversion of High-Interest Loans to a Fixed 4.5%, 대환대출)
High-interest loans of 7% or more → fixed 4.5% per year · up to KRW 50,000,000 · 10 years (* SEMAS rate table shows 'program ended')
See eligibility · how to apply · cautions
- Details
- Converts bank and non-bank loans at 7% or higher (or bank loans with difficulty in maturity extension, loans taken before 2025.6.30) of mid-to-low-credit small business owners (NCB score 919 or below) to a fixed 4.5% per year over 10 years (2-year grace + 8-year installments, or 10-year installments). Limit KRW 50,000,000 (minus any amount previously refinanced). Announced scale: KRW 300 billion. The SEMAS 2026 3rd-quarter rate table shows 'Refinancing Loan (program ended)', so be sure to check whether applications are possible. Credit scores are not applied to those who have faithfully used repayment extensions or credit-vulnerable funds.
- Eligibility
- Small business owners with mid-to-low credit (NCB score 919 or below) who hold business loans or business-use household loans issued before 2025.6.30
- Timing
- Proxy loan applications opened in 2026.1, then marked as ended after the budget ran out · check with SEMAS whether it will resume
- How to apply
- Small Business Policy Fund website (ols.semas.or.kr) → proxy loan handling banks · 1533-0100
- Caution
- New applications appear to be closed at present (per SEMAS). The notice (10.1, 5th amendment) still lists KRW 300 billion, which conflicts — confirmation needed.
Loans · Finance
Emergency Business Stabilization Fund (Disaster Damage and Temporary Business Difficulty, 긴급경영안정자금)
Disaster damage up to KRW 100,000,000 (fixed 2.0%) · business difficulty with sales down 15% or more KRW 70,000,000 (base rate)
See eligibility · how to apply · cautions
- Details
- Small business owners with a disaster confirmation certificate: KRW 100,000,000, fixed 2.0% per year, 5 years (2-year grace). Geoje and Tongyeong special disaster areas (declared 2026.8.21): fixed 1.4-1.5%, up to KRW 300,000,000, 10 years. Temporary business difficulty (sales down 15% or more from the previous period; exceptions to the sales decline requirement apply to businesses in employment-crisis areas, industry-crisis areas, commercial district revitalization zones, etc.): KRW 70,000,000, base rate (3rd quarter: 3.85%). Small business owners damaged by Homeplus: KRW 100,000,000, base rate - 0.5%p. Operated separately from the policy fund limit. Disaster funds require a local government 'Disaster-Affected SME (Small Business) Confirmation Certificate'. Scale: disaster KRW 100 billion, business difficulty KRW 120 billion, Homeplus KRW 50 billion.
- Eligibility
- Small business owners damaged by disasters (heavy rain, typhoons, fires, etc.), and small business owners with temporary business difficulty such as a sales decline of 15% or more
- Timing
- Open all year from 2026.1.5 · closes when the budget runs out
- How to apply
- Disaster: after obtaining the certificate from your local government, apply via the Small Business Policy Fund website (ols.semas.or.kr) · regional center · 1533-0100
- Caution
- Closes when the budget runs out. For temporary business difficulty, proof of sales decline (annual, half-year, quarterly or monthly comparison) is required.
Loans · Finance
Re-challenge Special Fund (for Re-startups and Faithful Debt Adjustment Repayers, 재도전특별자금)
General type KRW 70,000,000 · Hope type KRW 100,000,000 · Leap type KRW 200,000,000 · base rate +1.6/+0.6/+0.4%p · 5 years
See eligibility · how to apply · cautions
- Details
- SEMAS direct loan. General type: KRW 70,000,000 (base +1.6%p) for those who completed the Hope Return re-startup course (25h), early-stage re-startups, and faithful repayers of debt adjustment. Hope type: KRW 100,000,000 (+0.6%p) for those selected for and completing re-start commercialization. Leap type: KRW 200,000,000 (+0.4%p) for growing faithful repayers with 2 or more years in business after re-startup and sales up 5% or more, etc. 5 years (2-year grace). Scale: KRW 100 billion. The limit is combined with balances of the Re-challenge Special Fund. Requirements vary by type, e.g., faithful repayment for 6 or more installments after debt adjustment plus completion of the faithful repayer re-startup course (20h).
- Eligibility
- Small business owners who re-started after closing a business, small business owners faithfully repaying after debt adjustment, and those selected for Hope Return re-start commercialization
- Timing
- Direct loan applications opened 2026.1.12 · closes when the budget runs out
- How to apply
- Small Business Policy Fund website (ols.semas.or.kr) · linked to Hope Return Package (희망리턴패키지, hope.sbiz.or.kr) courses · 1533-0100
- Caution
- Closes when the budget runs out. Reapplication for the same fund in the same year is restricted for 6 months after a rejection (direct loans).
Loans · Finance
Fund for Businesses of Persons with Disabilities (Fixed 2.0% per Year, 장애인기업지원자금)
Up to KRW 100,000,000 · fixed 2.0% per year · 7 years (2-year grace)
See eligibility · how to apply · cautions
- Details
- Proxy loan of operating funds exclusively for businesses of persons with disabilities. Limit KRW 100,000,000 (combined loan balance), fixed rate of 2.0% per year, within 7 years (including a 2-year grace period). 2026 scale: KRW 50 billion. As a special business stabilization fund, it is not counted toward the 3-time limit for general policy funds. Because it is a fixed rate, interest rate preferences are excluded.
- Eligibility
- Small business owners holding a disability welfare card, a national merit card (certificate), or a business confirmation certificate for businesses of persons with disabilities
- Timing
- Applications from 2026.1.5 · closes when the budget runs out
- How to apply
- Small Business Policy Fund website (ols.semas.or.kr) → loan with guarantee certificate or bank · 1533-0100
- Caution
- Closes when the budget runs out.
Cash · Vouchers
Durunuri Social Insurance Premium Support (Workplaces with Fewer Than 10 Employees, 두루누리 사회보험료 지원)
80% support of employment insurance and National Pension premiums for newly enrolled employees and employers at workplaces with fewer than 10 employees (up to 36 months)
See eligibility · how to apply · cautions
- Details
- 80% support each for newly enrolled employees with average monthly pay under KRW 2,700,000 and their employers. For pay of KRW 2,300,000 or more, the cap is based on KRW 2,300,000. Maximum per month (based on pay of KRW 2,300,000): employer KRW 108,560, employee KRW 103,960 (employment insurance + National Pension). Up to a total of 36 months counted from 2018.1.1. A new enrollee means someone with no employment or pension acquisition history in the year just before applying. Excluded: employees with a property tax base of KRW 600 million or more or comprehensive income of KRW 43,000,000 or more, and public institutions. Self-employed persons with no employees are not eligible themselves.
- Eligibility
- Employers of workplaces with fewer than 10 regular employees (insured persons) and newly enrolled employees with average monthly pay under KRW 2,700,000
- Timing
- Apply any time (from the premium of the month of application until the end of that insurance year; automatically extended the next year if there are fewer than 10 employees)
- How to apply
- Online at the 4 Social Insurance Information Linkage Center (4대사회보험 정보연계센터, www.4insure.or.kr), or at a branch of the Korea Workers' Compensation and Welfare Service (근로복지공단, 1588-0075) or the National Pension Service (국민연금공단, 1355)
- Caution
- Ends when the 36-month limit is used up. If the monthly premium is fully paid, it is deducted from the next month's bill. No change to the 2026 standards since the 2025.1.1 reform has been confirmed.
Care · Services · Discounts
Small Business New Start Support Center (Recovery and Debt Adjustment Counseling, 소상공인 새출발 지원센터)
Free counseling at 78 locations nationwide · close support from preparing debt adjustment applications such as personal rehabilitation and bankruptcy to filing with the court
See eligibility · how to apply · cautions
- Details
- SEMAS New Start Support Centers (expanded from 30 to 78 locations from 2026.1.29): comprehensive counseling on closure, recovery and debt adjustment, in-depth debt adjustment counseling by financial and legal experts, repayment plan preparation, and support from preparing the application to filing with the court. Linked with the Korea Inclusive Finance Agency and the Credit Counseling and Recovery Service (business agreement of 2026.3). Proactive monthly and quarterly notices are sent to small business owners showing signs of crisis (100,000-200,000 businesses per year). The support itself is free counseling; debt reduction follows the New Start Fund and court procedures.
- Eligibility
- Small business owners struggling with business crisis or debt (whether before or after closure)
- Timing
- Open all year
- How to apply
- Visit or call a SEMAS New Start Support Center (Small Business Integrated Call Center 1533-0100) · Small Business 24 (소상공인24)
- Caution
- No separate deadline.
Care · Services · Discounts
Small Business Smart Shop Technology Rollout (Kiosks, Serving Robots, etc., 스마트상점 기술보급)
50-80% national funding of smart technology adoption costs · general technology purchase limit KRW 5,000,000 (barrier-free devices KRW 7,000,000)
See eligibility · how to apply · cautions
- Details
- Support for adoption costs of kiosks, serving/cooking robots, electronic boards, smart mirrors, sales analysis AI, etc. Purchase-type general technology limit KRW 5,000,000 (national funding 50%, preferential 60%), barrier-free unmanned information terminals limit KRW 7,000,000, rental fees and software usage fees supported for 2 years (software KRW 3,500,000 per year). Preferential: business owners with disabilities, simplified taxpayers, self-employed with no employees. 2026 scale: about 16,000 businesses, KRW 34.9 billion. The 2026 1st round (March) and 2nd round (August) recruitments have ended, and the Small Business Smart Shop website shows 'no announcements currently in progress' (as of October). Pay with the technology supplier's partner card.
- Eligibility
- Small business owners who want to adopt smart technology
- Timing
- Recruited 1-2 times a year (2026: March, August) · no announcement currently in progress — a new announcement is expected around March 2027
- How to apply
- Log in to the Small Business Smart Shop website (www.sbiz.or.kr/smst) and apply · Smart Shop call center 1600-6185
- Caution
- Recruitment ended and budget used up. Separate documents are required for abandonment or withdrawal after contracting.
Care · Services · Discounts
Small Business Education (Management, Technology, Online Knowledge Academy, Visiting 1:1, 소상공인 교육)
Free or supported education for about 72,000 people · management improvement, industry technical training, AI training, online Knowledge Academy
See eligibility · how to apply · cautions
- Details
- 2026 online and offline education for small business owners (KRW 15 billion): management improvement (marketing, exports, etc., free), support for industry-specialized technical training fees, win-win cooperation training (AI use, etc.), Online Knowledge Academy (온라인 지식배움터, edu.sbiz.or.kr) lectures and e-library, and newly established visiting 1:1 education for subsistence-type small business owners in business difficulty. Completing the Knowledge Academy credit management course is a requirement for the Credit-Vulnerable Small Business Fund. Completing education links to preferential treatment for some funds and programs.
- Eligibility
- Small business owners and prospective founders
- Timing
- Announced 2026.1, applications and education from February-March throughout the year (online is open all year)
- How to apply
- Apply via Small Business 24 (소상공인24, sbiz24.kr) · online lectures at the Small Business Knowledge Academy (소상공인지식배움터, edu.sbiz.or.kr) · 1533-0100
- Caution
- Recruitment periods vary by course. Online education is open all year.
Loans · Finance
Regional Credit Guarantee Foundation Guarantees (Small Business Special Guarantee, 지역신용보증재단 보증)
Loans secured by a guarantee certificate (used by about 1.3 million small business owners) · plan to supply KRW 170 billion in special guarantees for the credit-vulnerable and depopulation areas in the second half of 2026
See eligibility · how to apply · cautions
- Details
- Bank loans backed by guarantee certificates from 17 regional credit guarantee foundations nationwide. 2026.6.19 'Plan to Build a Sustainable Guarantee Support System': principle of banning full guarantees, re-guarantee lowered from 50% to 30%, new special guarantee for indirect disaster damage, KRW 170 billion special guarantee for the credit-vulnerable and depopulation areas, KRW 2 trillion in region-specialized guarantees by 2030, and easing of the guarantee limit (KRW 800 million) for growth-type small business owners. The institution that issues guarantee certificates for SEMAS policy fund proxy loans. Guarantee fees and limits vary by foundation and product. The measures are being pursued sequentially from the second half of 2026.
- Eligibility
- Small business owners (requirements vary by foundation product); small business owners in credit-vulnerable or depopulation areas or damaged by disasters are eligible for special guarantees
- Timing
- Open all year (closes when the budget for each product runs out) · reform tasks sequentially from the second half of 2026
- How to apply
- Visit or apply online at one of the 17 regional credit guarantee foundations nationwide (☎1588-7365), or linked via SEMAS policy funds
- Caution
- Check the foundation's announcement for special guarantee schedules and limits (not finalized).
Tax
Credit Card Sales Tax Credit (1.3% per Year, Limit KRW 10,000,000, 신용카드 등 매출세액공제)
VAT credit of 1.3% of card and cash receipt sales for small individual business owners serving consumers (up to KRW 10,000,000 per year)
See eligibility · how to apply · cautions
- Details
- Individual business owners with a previous year's supply value of KRW 1 billion or below (retail, restaurants and other consumer-facing industries) and some simplified taxpayers can deduct 1.3% of amounts paid by credit card or cash receipt from tax payable, with an annual limit of KRW 10,000,000. Applies until 2026.12.31, and from 2027 the rule is 1% and a KRW 5,000,000 limit. Corporate businesses and individual business owners with a previous year's supply value above KRW 1 billion are excluded. Simplified taxpayers are calculated in a different way. Whether it is extended beyond 2027 depends on tax law amendments.
- Eligibility
- Individual business owners with a previous year's supply value of KRW 1 billion or below (consumer-facing industries), etc.
- Timing
- Reflected when filing VAT (general taxpayers in January and July)
- How to apply
- Enter the credit card sales slip issuance tax credit when filing VAT on Hometax (홈택스) · National Tax Service 126
- Caution
- Preferential rate for amounts issued or paid through 2026.12.31 (from 2027: 1% / KRW 5,000,000).
Tax
Tax Reduction for Startup SMEs (Income Tax and Corporate Tax up to 100%, 창업중소기업 세액감면)
25-100% income tax reduction for 5 years after startup (by region and youth status) · for startups through 2027.12.31
See eligibility · how to apply · cautions
- Details
- Startups from 2026.1.1: youth startup (outside the Seoul metropolitan area and in depopulation areas) 100%; youth in the Seoul metropolitan area (excluding overcrowding control zones and depopulation areas) 75%; youth in overcrowding control zones 50%; general startup in non-Seoul-metropolitan and depopulation areas 50%; general startup in the Seoul metropolitan area (excluding overcrowding control zones) 25%. Taxable years within 4 years of the first year in which income arises. For startups before 2025.12.31, the previous rule applies (youth non-overcrowded 100%, others 50%). General startups in overcrowding control zones are not eligible for reduction (Article 6). Check the Enforcement Decree for industry and youth requirements.
- Eligibility
- SMEs (individuals and corporations) that started up in a reduction-eligible industry before 2027.12.31; youth startup requirements are separate
- Timing
- 5 taxable years from the first year in which income arises after startup · apply when filing comprehensive income tax (May) or corporate tax
- How to apply
- Submit the tax reduction application on Hometax (홈택스) (when filing income tax or corporate tax) · National Tax Service 126
- Caution
- For startups before 2027.12.31 (sunset). Reduction limit and minimum tax apply.
Tax
SME Special Tax Reduction (Small Enterprises 5-30%, 중소기업 특별세액감면)
10-30% income tax reduction for small enterprises (wholesale/retail and medical 10%, Seoul metropolitan area 20%, non-Seoul metropolitan area 30%) · up to KRW 100,000,000 per year
See eligibility · how to apply · cautions
- Details
- Small enterprises in reduction-eligible industries: wholesale/retail and medical 10%; others 20% in the Seoul metropolitan area and 30% outside it. For medium-sized enterprises, 5% for wholesale/retail and 15% for others outside the Seoul metropolitan area. Limit KRW 100,000,000 per year (KRW 5,000,000 deducted per employee decrease). If in business for 10 or more years, a faithful business owner, and with comprehensive income of KRW 100,000,000 or below, the reduction rate is 110%. Through taxable years ending before 2028.12.31. The limit is reduced if employment decreases. Some industries (real estate rental, etc.) are excluded; clinics and Korean medicine clinics must meet conditions such as 80% or more from medical care benefits.
- Eligibility
- SMEs in reduction-eligible industries (small enterprises must meet the sales criteria by industry)
- Timing
- Apply for the reduction when filing comprehensive income tax (May) or corporate tax
- How to apply
- Apply for the tax reduction under Restriction of Special Taxation Act Article 7 when filing on Hometax (홈택스) · National Tax Service 126
- Caution
- For taxable years ending before 2028.12.31 (sunset).
Jobs · Education
Employment and Industrial Accident Insurance for Service Providers and Platform Workers (Freelancers, 노무제공자·플랫폼 종사자 고용보험·산재보험)
Employment insurance (monthly pay of KRW 800,000 or more) and industrial accident insurance apply to service providers in the 17 occupations of the Enforcement Decree · Durunuri supports 80% of employment insurance premiums (up to KRW 14,720 per month)
See eligibility · how to apply · cautions
- Details
- Among service providers who are not employees, those in occupations specified by Presidential Decree, such as insurance planners, visiting learning-material instructors, parcel and quick-service delivery workers, designated drivers, construction machinery operators, truck owners, after-school instructors, golf course caddies and software engineers, can enroll in employment insurance (monthly pay of KRW 800,000 or more, combinable). Industrial accident insurance applies by treating service providers as employees. If the average monthly pay requirement is met, Durunuri supports 80% of employment insurance premiums. New contracts after age 65 are excluded from employment insurance. Exclusions and enrollment methods vary by occupation and business, so check with the Korea Workers' Compensation and Welfare Service. For food delivery platform workers, check whether they fall under the quick-service/delivery occupation.
- Eligibility
- Service providers (freelancers, special-type workers) in the occupations of the Enforcement Decree, including those providing services through platforms
- Timing
- Open all year (employer reports and acquisition of insured status after the contract is concluded)
- How to apply
- Korea Workers' Compensation and Welfare Service (근로복지공단) 1588-0075 · Employment and Industrial Accident Insurance Total Service (total.comwel.or.kr) · for Durunuri, the 4 Social Insurance Information Linkage Center (www.4insure.or.kr)
- Caution
- Separate criteria apply for monthly pay under KRW 800,000 or periods under 1 month. If enrollment is omitted, the employer has a reporting obligation.
Loans · Finance
Youth Employment-Linked Fund (for Young Small Business Owners and Small Businesses Employing Young People, 청년고용연계자금)
Up to KRW 70,000,000 · base rate (3rd quarter 2026: 3.85% per year) · 5 years (including a 2-year grace period)
See eligibility · how to apply · cautions
- Details
- Youth Employment-Linked Fund (proxy loan): limit KRW 70,000,000, policy fund base rate as is (0%p added, 3rd quarter 3.85%), within 5 years (including a 2-year grace period). 2026 scale: KRW 300 billion (amended notice, originally KRW 150 billion). Youth = age 39 or younger. Limit is combined with Youth Employment-Linked Fund loan balances.
- Eligibility
- Young (age 39 or younger) small business owners with less than 3 years in business, businesses where a majority of regular employees are young people, or small business owners who hired and retained at least 1 young employee within the last year
- Timing
- Applications from 2026.1.5 · closes when the budget runs out
- How to apply
- Small Business Policy Fund website (ols.semas.or.kr) → loan with guarantee certificate or bank · 1533-0100
- Caution
- Closes when the budget runs out.
Loans · Finance
Growth Foundation Fund (Innovative Growth, Small Manufacturer Specialization, Win-Win Growth, Investment-Linked, 성장기반자금)
Operating KRW 100-200 million · facility KRW 500 million-1 billion · base rate +0.4-0.6%p · operating 5 years / facility 8 years
See eligibility · how to apply · cautions
- Details
- Innovative Growth Promotion Fund (exports/sales up 10% or more for 2 consecutive years, smart factory, etc.): innovative type operating KRW 200 million, facility KRW 1 billion; general type operating KRW 100 million, facility KRW 500 million (+0.4%p). Small Manufacturer Specialization Fund (manufacturing with fewer than 10 employees): operating KRW 100 million, facility KRW 500 million (+0.6%p). Win-Win Growth Support Fund (TOPS, platform referral): operating KRW 70 million-200 million, facility up to KRW 1 billion. Private investment-linked matching loan: 5 times the investment amount, up to KRW 500 million. The 'promising' direct loan type of the Small Manufacturer Specialization fund was merged into the general proxy loan type in the 2026 amended notice. Scale: KRW 742 billion.
- Eligibility
- Promising growth small business owners such as those with export or sales growth, smart technology adoption, or Century Small Business (백년소상공인) status; small manufacturers
- Timing
- Applications from 2026.1.5 (proxy) and 1.12 (direct) · closes when the budget runs out
- How to apply
- Small Business Policy Fund website (ols.semas.or.kr) · SEMAS regional center · 1533-0100
- Caution
- Closes when the budget runs out. The Win-Win Growth Support Fund was cut from KRW 76 billion to KRW 26 billion (amended notice).
Care · Services · Discounts
Small Business Online Sales Channel Support (Prepare, Practice, Leap; Sodam Square, 온라인 판로 지원)
Support by stage of going online · training, sales promotion, promotional videos, live commerce, overseas fulfillment (2026: 60,000 businesses, KRW 78.7 billion)
See eligibility · how to apply · cautions
- Details
- Prepare (platform company training, e-learning), Practice (online shopping mall sales promotion, home shopping/live commerce broadcast production, promotional videos, social media ads, logistics), Leap (entry into global shopping malls, overseas pop-ups, fulfillment). Regional sales channel hub Sodam Square (소담스퀘어) and offline experience/sales store Sodam Shop (소담상회) are operated. Overseas logistics fulfillment newly added in 2026. Businesses with no storefront and one-person online startups can also apply (meeting the small business owner requirements). Support content and ratios depend on each detailed notice.
- Eligibility
- Small business owners who want to expand online sales channels
- Timing
- From 2026.1 until the budget runs out, applications by support type (Prepare and Leap: SEMAS; Practice and infrastructure: Korea SMEs and Startups Distribution Agency)
- How to apply
- Small Business 24 (소상공인24, sbiz24.kr, Prepare and Leap) · Panpandaero (판판대로, fanfandaero.kr, Practice) · 1533-0100 · Distribution Agency 1899-0309
- Caution
- Closes when the budget runs out. Check individual notices for detailed recruitment schedules.
Care · Services · Discounts
Small Business 365 Commercial District Information and My Store Management Diagnosis (소상공인365)
Free commercial district information (foot traffic, sales, number of similar businesses) and management diagnosis based on 64 public and private data sources
See eligibility · how to apply · cautions
- Details
- Small Business 365 (SEMAS big data platform): commercial district information such as local foot traffic, sales and number of similar businesses, and 'My Store Management Diagnosis' (indicators comparing similar industries, competitiveness, survival probability and growth outlook). For small business owners showing signs of crisis, SEMAS proactively notifies them via KakaoTalk notification and links them to New Start Support Center counseling. For reviewing startup locations and checking before applying for policy funds or recovery support. Completing SEMAS or bank consulting gives a 0.1%p policy fund interest rate preference (policy preference).
- Eligibility
- Small business owners and prospective founders
- Timing
- Open all year
- How to apply
- Small Business 365 website (SEMAS) · Small Business policy KakaoTalk notifications · SEMAS 1533-0100
- Caution
- No separate deadline.
Care · Services · Discounts
Innovative Small Business Startup Support (formerly New Business Startup Academy, 혁신 소상공인 창업지원)
560 prospective founders · startup education, 1:1 mentoring, commercialization funds (2026: KRW 22.55 billion)
See eligibility · how to apply · cautions
- Details
- Selects prospective founders with promising items such as new businesses and supports startup education, online and offline store management experience, 1:1 mentoring, and commercialization funds (branding, prototypes, marketing, store remodeling). Links to policy funds within 1 year after completion. Selection expanded from 510 to 560 people in 2026. Selection is by audition. Not limited to youth, with no age limit (for youth startups, see the youth category).
- Eligibility
- Prospective founders before business registration
- Timing
- Once a year: announced 2026.1, applications January-February, education starts in April (2026 recruitment ended) · awaiting 2027 announcement
- How to apply
- Apply online at Small Business 24 (소상공인24, sbiz24.kr) · 1357/SEMAS
- Caution
- 2026 applications closed. A new announcement is expected around January next year.
Cash · Vouchers
Startup Package (Pre-Startup, Early-Stage, Startup Leap; K-Startup, 창업패키지)
Commercialization funds of up to KRW 80,000,000 for pre-startup, up to KRW 100,000,000 for early-stage (within 3 years), up to KRW 200,000,000 for leap (3-7 years) (general type)
See eligibility · how to apply · cautions
- Details
- 2026 Startup Package general type: pre-startup 750 people up to KRW 80,000,000, early-stage 400 companies up to KRW 100,000,000, leap 300 companies up to KRW 200,000,000. Deep-tech specialized type: early-stage up to KRW 150,000,000, leap up to KRW 300,000,000. Investment-linked type (non-Seoul metropolitan area): early-stage up to KRW 100,000,000, leap up to KRW 200,000,000. In non-Seoul metropolitan areas, self-payment is 10-25%, so the government support ratio is up to 90%. Youth startup preferences and youth-only programs are in the youth category. Commercialization funds are provided through an agreement and settlement process after selection (not a cash payment).
- Eligibility
- Prospective founders and startups within 7 years in business (10 years for new industries) (varies by type)
- Timing
- Once a year, sequential calls by type (2026: deep-tech in January, general type at end of January, investment-linked in May) — most 2026 recruitment has ended
- How to apply
- Apply online at K-Startup (K-스타트업, www.k-startup.go.kr) · 1357
- Caution
- Application deadline per announcement (deep-tech 1.27 4 p.m., etc.). Awaiting 2027 announcement.
Care · Services · Discounts
Small Business Growth Support (Strong Small Business, AI Use, Global K-Small Business, Crowdfunding, 소상공인 성장지원)
Small business growth support programs · crowdfunding coaching, consulting and fees up to KRW 5,500,000, investment-linked commercialization funds up to KRW 200,000,000, etc.
See eligibility · how to apply · cautions
- Details
- 2026: 26 programs in 7 fields: Strong Small Business (240 teams), Innovative Small Business AI Use (2,000 people, education → model design → commercialization), Global K-Small Business (100 companies), Our Neighborhood Crowdfunding (1,300 companies, coaching, consulting and fee support), and Innovative Small Business Investment-Linked (up to 3 times the investor's prior investment, KRW 200,000,000 limit). Most accepted applications in January-March and selected in April-May, so 2026 recruitment has ended. Selection-type (evaluated) programs.
- Eligibility
- Small business owners with the will and capability to grow (requirements vary by program)
- Timing
- Once a year: applications 2026.1-3, agreements and project execution April-May · new announcement around January 2027
- How to apply
- Check announcements and apply online at Small Business 24 (소상공인24, sbiz24.kr) · 1357
- Caution
- 2026 applications closed.
Care · Services · Discounts
Century Small Business Designation (Century Store, Century Craftsman Business, 백년소상공인(백년가게·백년소공인) 지정)
300 designated in 2026 · certification plaque, online sales channels, linked preferential treatment for policy funds (valid 5 years)
See eligibility · how to apply · cautions
- Details
- Century Store (백년가게, excluding manufacturing, small merchants with 30 or more years in business) and Century Craftsman Business (백년소공인, manufacturing, skilled small manufacturers with 15 or more years in business) receive a confirmation certificate and plaque, online entry and promotion support, and linked preferential treatment in small business support programs. Also included in the eligibility for the Innovative Growth Promotion Fund (general type). The 2026 designation scale was expanded from 100 to 300. Not direct cash support.
- Eligibility
- 30 or more years in business (Century Store) / skilled small manufacturers with 15 or more years in manufacturing
- Timing
- Once a year: announced 2026.1, applications January-February, evaluation March-April, certificates issued in May · new announcement expected for 2027
- How to apply
- Apply online at Small Business 24 (소상공인24, sbiz24.kr) · 1357
- Caution
- 2026 applications closed.
Care · Services · Discounts
Small Manufacturer Specialized Support (Smart Manufacturing, Clean Manufacturing, Sales Channel Development; Manufacturers with Fewer Than 10 Employees, 소공인 특화지원)
Support for purchasing smart equipment, improving work environments, and developing sales channels (2026: smart manufacturing 2,000 companies, clean manufacturing 1,800 companies, sales channels 290 companies)
See eligibility · how to apply · cautions
- Details
- For small manufacturers in manufacturing with fewer than 10 regular employees. Smart manufacturing: purchase of smart equipment (hardware) and software rental fees (KRW 98 billion, 2,000 companies). Clean manufacturing: about KRW 10,000,000 per project for safety and energy-efficiency environment improvement (KRW 12.6 billion). Sales channel development: exhibitions, marketing, store entry and brand support (70% subsidy rate, KRW 6.69 billion). Linked with the Small Manufacturer Specialization Fund (policy fund). The subsidy rate for sales channel development was lowered from 80% to 70%. Smart manufacturing changed from rental to purchase.
- Eligibility
- Small manufacturers in manufacturing (Korean Standard Industrial Classification C) with fewer than 10 regular employees
- Timing
- Once a year: announced 2026.1, applications January-February, selection April-May · new announcement expected for 2027 (2026 applications closed)
- How to apply
- Apply online at Small Business 24 (소상공인24, sbiz24.kr) · 1357 · SEMAS small manufacturer staff
- Caution
- 2026 applications closed.
Tax
Faithful Business Owner Tax Credit for Medical, Education and Monthly Rent Expenses (성실사업자 의료비·교육비·월세 세액공제)
Tax credit of 15% for faithful business owners' medical and education expenses (20% for some medical expenses, 30% for infertility), 15-17% for monthly rent (limit KRW 10,000,000 per year)
See eligibility · how to apply · cautions
- Details
- Faithful business owners (or those submitting a faithful reporting confirmation) who meet requirements such as revenue above 50% of the previous 3-year average, 2 or more years in business, and no tax delinquency can deduct 15% (20% and 30% for some) of the medical and education expenses they spent from business income tax. With comprehensive income of KRW 70,000,000 or below, 15% of monthly rent (17% if KRW 45,000,000 or below; monthly rent limit KRW 10,000,000 per year). For expenses in the taxable year including 2026.12.31 (sunset) — check the 2026 tax law amendments for extension from 2027. Separate from the tax credits for wage earners.
- Eligibility
- Individual business owners meeting the faithful business owner requirements (including those submitting a faithful reporting confirmation)
- Timing
- Apply when filing comprehensive income tax (May)
- How to apply
- Confirm faithful business owner status and apply for the tax credit when filing comprehensive income tax on Hometax (홈택스) · National Tax Service 126
- Caution
- Confirmed through amounts attributable to 2026 (extension afterward not confirmed).
Care · Services · Discounts
National Pension Payment Exception (Locally Insured Persons Whose Business Stopped or Closed, 국민연금 납부예외)
Application for exemption from pension premium payment during business suspension, job loss or leave (but the exempted period is not counted toward the insured period)
See eligibility · how to apply · cautions
- Details
- Locally insured persons whose income decreased due to business suspension, job loss or leave, disasters or accidents and who cannot pay premiums can apply for a payment exception for the period the reason continues (National Pension Act Article 91). The exempted period is not counted toward the insured period; check with the National Pension Service whether the insured period can be restored through later payment. Durunuri applies to employees and employers insured at a workplace (not the self-employed locally insured person themselves). When income is reported, the pension premium is based on the reported monthly income.
- Eligibility
- Locally insured persons of the National Pension (the self-employed) whose business stopped or closed or whose income decreased
- Timing
- Apply at any time when the reason arises · payment resumes when the reason ends (confirmed by the Service once a year)
- How to apply
- National Pension Service (국민연금공단) branch · My Pension (내연금, www.nps.or.kr) · customer center 1355
- Caution
- Since premiums go unpaid during the exception, your future pension amount may decrease — check the guidance on additional payment (추납).
Care · Services · Discounts
Labor Dispute Counseling for Small Business Owners and Freelancers (AI Labor Law and Attorney Representation Support, 노무 분쟁 상담)
Free counseling: AI labor law counseling (24 hours) · Korea Federation of Micro Enterprises labor counseling 1522-0500 · labor attorney counseling and representative appointment support
See eligibility · how to apply · cautions
- Details
- Announced by the Ministry of SMEs and Startups and the Ministry of Employment and Labor on 2026.6.2: a labor Q&A casebook for small business owners, regional briefings and short-form guides; for labor disputes, the Korea Federation of Micro Enterprises counseling center (1522-0500), and for serious cases, labor attorney counseling and support for appointing a representative (Unfair Trade Damage Counseling Center 1599-0209). The Ministry of Employment and Labor's AI labor law counseling is to be linked with Small Business 24 (소상공인24). Whether a freelancer is an employee (unpaid wages, severance pay) is decided by the substance of the contract — counseling at the labor office (1350) and filing a complaint are possible (check detailed procedures with the Ministry of Employment and Labor). This item focuses on labor counseling support measures.
- Eligibility
- Small business owners (convenience stores, restaurants, cafes and other industries with many short-term workers); freelancers and service providers use labor office counseling
- Timing
- Open all year (announced in 2026.6; casebook and briefings provided sequentially)
- How to apply
- Korea Federation of Micro Enterprises counseling center ☎1522-0500 · Unfair Trade Damage Counseling Center ☎1599-0209 · Ministry of Employment and Labor AI labor law counseling (moel.go.kr)
- Caution
- No separate deadline. Complaints such as for unpaid wages have separate limitation periods and procedures.