Osan City Offers Startup and Business Improvement Education for Small Business Owners

Osan City, Gyeonggi Province (Mayor Gwak Sang-wuk) announced that on the 10th, it held startup and business improvement education for small business owners at the Osan Cultural Arts Center's small performance hall, organized by the Gyeonggi Small and Medium Business Comprehensive Support Center.

This education program was designed to provide startup information to prospective entrepreneurs preparing for or interested in starting a business, and to offer small business owners requiring business improvement with information on startup success strategies, commercial area and location analysis, item analysis, naming strategies, and marketing strategies to help with business activation and management stabilization.

The program ran over two days, the 10th and 11th, with 12 hours of main training. Upon completion, prospective entrepreneurs, those switching businesses, and existing business operators meeting certain criteria can be granted eligibility to apply for Gyeonggi Province small business support funds or government policy funding. Prospective entrepreneurs who complete an additional 8 hours of online education after completing the main training will be granted eligibility to apply for government policy funding.

Government policy funding support provides loans up to 70 million won per business at an interest rate of 3.77%, with interest rates adjusted quarterly, and a loan period of up to 5 years including a 2-year grace period. Additionally, Gyeonggi Province startup funds for small business owners provide loans up to 50 million won per business at a fixed interest rate of 4.3%, with a loan period of up to 4 years including a 1-year grace period.

Park, a prospective entrepreneur aged 40 from Osan-dong who attended the program, said, "This education was very helpful for prospective entrepreneurs preparing to start a business," and expressed satisfaction, stating, "Through this education opportunity, I was able to prepare thoroughly with more rigorous analysis and research for my startup."

For detailed information about startup information and startup education, inquiries can be made to Osan City's Regional Economic Division (031-8036-7572) or Osan City's Small Business Hope Dream Center (1544-9881).