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Saemaeul Geumgo to support 200 billion won in low-interest loans for small merchants

Saemaeul Geumgo will provide about 200 billion won in low-interest loans to ease financial burdens for small merchants and small firms. It said on Aug. 18 it is promoting a local government cooperation financial support programme with local credit guarantee foundations. Saemaeul Geumgo contributes funds to the guarantee foundations, which provide guarantees that underpin the loans, while local governments support loan interest.