South Korea's KAMCO Fresh Start Fund 2026: Korean COVID-affected small business / Korean self-employed Korean debt adjustment — Korean 30–80% Korean principal reduction + Korean late-interest waiver + Korean 1–3% rate + Korean ≤20-yr installment. Korean 2022–2027 Korean limited-time program.
| Korean target | Korean COVID-affected (Korean operation ban / restriction etc.) Korean small business / Korean self-employed (Korean sole proprietor + Korean some corporate reps) |
| Korean insolvent borrower | Korean ≥90-day late on Korean 1st-tier / 2nd-tier / Korean guarantee fund Korean business loans — Korean 60–80% principal reduction |
| Korean near-insolvent borrower | Korean <90-day late + Korean closure / Korean revenue drop / Korean credit downgrade — Korean ~30% principal reduction |
| Korean debt scope | Korean business unsecured / secured / guaranteed loans + Korean card business spending. Korean some Korean household debt included |
| Korean debt cap | Korean ≤1.5B KRW per Korean person (Korean 1B business + Korean 0.5B personal) |
| Korean excluded | Korean intentional debt evasion / Korean asset hiding / Korean moral hazard suspected, Korean some Korean policy funds |
| Korean item | Korean benefit |
|---|---|
| Korean principal reduction | Korean insolvent 60–80% / Korean near-insolvent 0–30% |
| Korean late interest waived | Korean fully waived (Korean from agreement) |
| Korean contracted rate cut | Korean post-adjustment Korean ~1–3% (Korean significant cut vs Korean market) |
| Korean installment period | Korean ≤10–20 yrs (Korean 1-yr grace possible) |
| Korean credit recovery | Korean faster Korean credit recovery vs Korean rehabilitation / bankruptcy (Korean KCB etc.) |
| Korean business continuity | Korean business registration retained + Korean further financing possible |
| Korean guarantee linkage | Korean Sinbo / Kibo / Korean regional Korean guarantee + Korean card debt Korean integrated adjustment |
| Korean Oct 2022 | Korean Fresh Start Fund Korean official launch (Korean KAMCO operates) |
| Korean Apr 2024 | Korean coverage Korean expanded (Korean heavy rain / Korean heatwave damage Korean added beyond COVID) |
| Korean Dec 2025 | Korean application deadline Korean extended (Korean to 2027) |
| Korean End 2027 | Korean 5-yr Korean limited-time Korean planned end (Korean policy extension Korean possible) |
| Korean Fresh Start Fund call | 1660-1378 |
| Korean KAMCO | 1588-1288 |
| Korean Credit Counseling & Recovery | 1600-5500 |
| Korean Small Business call | 1357 |
This South Korea–only summary follows Korea's Financial Services Commission Small Business Debt Adjustment Program (Fresh Start Fund) Operating Guideline and Korean KAMCO / Korean MSS / Korean FSC notices (as of April 2026). Korean Fresh Start Fund Korean principal reduction rates (Korean insolvent 60–80% / Korean near-insolvent 0–30%), Korean interest waiver, Korean installment period (Korean ≤10–20 yrs), Korean eligibility, Korean covered debt vary with Korean policy; Korean actual reduction and Korean agreement terms are finalized by Korean KAMCO based on Korean borrower's Korean assets / Korean income / Korean repayment ability evaluation. Korean estimate applies Korean simple Korean reduction rate + Korean interest-free installment Korean assumption — non-binding Korean reference. Korean post-adjustment may affect Korean credit score / Korean future loan access. Verify and apply at Korean Fresh Start Fund call 1660-1378, Korean site (jumpup.korea.kr), or Korean KAMCO 1588-1288. Korean tool does not solicit any Korean financial product; Korean compare Korean Credit Counseling & Recovery / Korean court Korean rehabilitation Korean other Korean debt-adjustment options before Korean deciding.
South Korea's Small Business Fresh Start Fund (Korean Saechulbal Gigeum), launched October 2022 by the Korean Financial Services Commission, is a Korean government Korean Small Business Debt Adjustment Program operated by the Korean KAMCO (Korean Korea Asset Management Corporation) that provides Korean COVID-affected (Korean operation ban / restriction etc.) Korean small businesses and Korean self-employed (Korean sole proprietors + Korean some Korean corporate reps) Korean facing Korean business loan Korean repayment difficulty with Korean principal reduction (Korean insolvent borrowers Korean 60–80%, Korean low-income Korean 80%; Korean near-insolvent borrowers Korean 30%) + Korean late-interest Korean fully waived + Korean post-agreement Korean rate Korean cut to Korean 1–3% + Korean installment up to Korean 20 years (Korean 1-yr grace possible). Korean coverage was Korean expanded in Korean April 2024 to Korean include Korean heavy-rain / Korean heatwave damage beyond Korean COVID, and Korean application deadline was Korean extended to Korean 2027 in Korean December 2025; Korean 5-year Korean limited-time Korean program is Korean planned to Korean end at Korean year-end 2027 (Korean policy extension Korean possible). Korean covered debt: Korean business unsecured / secured / guaranteed loans from Korean 1st-tier banks, Korean 2nd-tier institutions, Korean SinBo / Korean KiBo / Korean regional guarantee funds, plus Korean card-company Korean business card debt; Korean some Korean household debt included. Korean cap is Korean 1.5 billion KRW per person (Korean 1B business + Korean 0.5B personal). Apply at Korean Fresh Start Fund call (1660-1378) or Korean site (jumpup.korea.kr) with Korean business registration cert, Korean financial transaction cert, Korean income proof, Korean asset disclosure consent — Korean KAMCO Korean reviews Korean assets, Korean income, Korean repayment ability over Korean 30–60 days and Korean signs Korean debt adjustment agreement; Korean monthly installment Korean by auto-debit Korean recommended. Compared with Korean Credit Counseling & Recovery (Korean household-debt focused) or Korean court Korean rehabilitation (Korean 5-year repayment plan), Korean Fresh Start Fund Korean offers Korean larger Korean principal reduction (Korean 60–80%), Korean business continuity, Korean faster Korean credit recovery, but Korean temporary Korean credit-score impact at Korean application is Korean possible.
Yes — Korean card-company Korean business card debt (Korean business-related charges) is Korean covered. Korean personal card spending (Korean living expenses) requires Korean Credit Counseling & Recovery / Korean rehabilitation Korean other Korean procedures.
Korean temporary Korean impact at Korean application; Korean post-agreement Korean normal Korean repayment Korean leads to Korean faster Korean credit recovery vs Korean rehabilitation / Korean bankruptcy (Korean KCB etc.).
Korean Credit Counseling & Recovery focuses on Korean household debt; Korean Fresh Start Fund focuses on Korean business debt with Korean larger Korean principal reduction (Korean 60–80%) and Korean business registration retained — Korean better for Korean self-employed.
Korean rehabilitation requires Korean court procedure with Korean 5-yr repayment plan and Korean post-discharge Korean credit impact. Korean Fresh Start Fund has Korean no court procedure (Korean KAMCO consensual) — Korean simpler procedure, Korean faster Korean credit recovery. Korean rehabilitation may Korean help with Korean very large debts.
Korean post-agreement Korean 1–2 yr Korean normal Korean repayment Korean recovers Korean credit, allowing Korean further Korean financing. Korean SEMAS Korean policy funds and Korean guaranteed loans Korean possible if Korean criteria met.
Korean contact Korean KAMCO to Korean re-adjust Korean repayment plan. Korean unilateral Korean non-payment may Korean cancel Korean agreement and Korean revive Korean original debt — Korean prior Korean consultation is Korean essential.
South Korea's 2026 Small Business Fresh Start Fund (Korean Saechulbal Gigeum), launched October 2022 by the Korean Financial Services Commission, is a Korean government Small Business Debt Adjustment Program operated by the Korean KAMCO (Korean Korea Asset Management Corporation) for Korean COVID-affected (Korean operation ban / restriction etc.) Korean small businesses and Korean self-employed (Korean sole proprietors + Korean some Korean corporate reps) Korean facing Korean business loan Korean repayment difficulty. Korean program provides Korean principal reduction (Korean insolvent borrowers Korean 60–80%, Korean low-income Korean 80%; Korean near-insolvent borrowers Korean 30%) + Korean late-interest Korean fully waived + Korean post-agreement Korean rate Korean cut to Korean 1–3% + Korean installment up to Korean 20 years (Korean 1-year grace possible). Korean covered debt: Korean business unsecured / secured / guaranteed loans from Korean 1st-tier banks, Korean 2nd-tier institutions, Korean Korea Credit Guarantee Fund (Korean SinBo) / Korean Korea Technology Finance Corporation (Korean KiBo) / Korean regional Korean guarantee funds, plus Korean card-company Korean business card debt; Korean some Korean household debt included. Korean cap is Korean 1.5 billion KRW per person (Korean 1B business + Korean 0.5B personal). Korean April 2024 Korean coverage Korean expanded to Korean include Korean heavy-rain / Korean heatwave damage beyond Korean COVID; Korean December 2025 Korean application deadline Korean extended to Korean 2027 — Korean 5-year Korean limited-time Korean program Korean planned to Korean end Korean year-end 2027 (Korean policy extension Korean possible). Apply at Korean Fresh Start Fund call (1660-1378) or Korean site (jumpup.korea.kr) with Korean business registration cert, Korean financial transaction cert, Korean income proof, Korean asset disclosure consent; Korean KAMCO Korean reviews Korean assets / Korean income / Korean repayment ability over Korean 30–60 days and Korean signs Korean debt adjustment agreement specifying Korean reduction rate / Korean rate / Korean installment period / Korean grace; Korean monthly installment Korean by auto-debit Korean recommended. Compared with Korean Credit Counseling & Recovery (Korean household-debt focused), Korean court Korean rehabilitation (Korean 5-year repayment plan), Korean personal bankruptcy, Korean Fresh Start Fund Korean offers Korean larger Korean principal reduction (Korean 60–80%), Korean business registration retention, Korean further financing access, Korean faster Korean credit recovery — Korean but Korean temporary Korean credit-score impact at Korean application is Korean possible and Korean post-agreement Korean non-payment may Korean cancel Korean agreement / Korean revive Korean original debt. Korean intentional debt evasion / Korean asset hiding / Korean moral-hazard suspected borrowers are Korean restricted; Korean some Korean policy funds are Korean excluded. Korean contacts: Korean Fresh Start Fund call 1660-1378, Korean KAMCO 1588-1288, Korean Credit Counseling & Recovery 1600-5500, Korean Small Business call 1357.