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Can a foreigner apply?
Yes, with conditions
Foreigners are not excluded, but the announcement attaches requirements β residency, a Korean entity, a visa status or a partner. Read the conditions before you spend time on this.
Youth (age 20β39 at time of application) who have resided in Yongsan-gu for at least 6 months and hold a business registration in Yongsan-gu. Excluded: businesses that have received other Yongsan-gu loan support within the last 5 years, and businesses in general entertainment bars, dance entertainment bars, gambling/speculative facility management and operation, etc.
Funding
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Deadline
2026-11-30D-53
Duration
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Low-interest loans β up to KRW 100 million for SMEs and up to KRW 50 million for small business owners (amounts vary depending on collateral). Collateral may be real estate or a credit guarantee certificate from the Credit Guarantee Foundation.
Eligibility for most Korean programs depends on your visa status and company age. Create a free profile to see which programs match your situation β plus 3 free deadline alerts.
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