*This content was translated by AI.
The Korea Sports Promotion Foundation and the Ministry of Culture, Sports and Tourism will push for "2026 Sports Industry Financial Support" to develop the domestic sports industry and strengthen competitiveness.
This year, it will provide loans worth a total of 241.6 billion won to private sports facility companies, sports equipment producers, and sports service companies. In particular, it is expected to be of great help to the management of domestic sports companies by significantly raising the support limit this year.
In addition, important improvements have been made in the way operating funds are supported. In the past (23~25 years), companies applied with a "secondary preservation" method that compensates for some of the interest accrued after borrowing working funds and R&D funds from commercial financial institutions, but from this year, the company will be able to raise funds at low interest rates by switching to a low-interest loan method. Through this, it is expected to have the effect of substantially easing the financial cost burden on sports companies.
This loan is handled by 13 banks in the market (Gyeongnam, Gwangju, Kookmin, Busan, Shinhan, I.M. Bank, Woori, Jeonbuk, Jeju, SMEs, Hana, NH Nonghyup, and Sh Suhyup), and companies wishing to obtain loans can apply at the sports industry website. For more information, contact the sports industry loan support call center (1566-4573) or Kakao Talk's "Ttonlon" channel.
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*This content was translated by AI.
