Seoul, Sept. 6 -- The South Korean government has announced a 10 trillion won (USD 7.18 billion) low-interest financing plan aimed at supporting small business owners with strong repayment records, in a move to ease financial burdens and encourage growth in the sector.

Pulse, the English service of Maeil Business Newspaper Korea, reported that the plan was unveiled during a meeting hosted by the Financial Services Commission (FSC) at the Korea Federation of Micro Enterprises (KFME) in Yeouido, Seoul.

The support package includes 4.5 trillion won to help businesses facing operational difficulties.

3.5 trillion won to promote small-business growth, 2 trillion won for startup facility investments.

Borrowers with a faithful loan repayment...