MIRECO is providing easy loans to start-up companies in new businesses and substitute industries corresponding to the environment and circumstances of each abandoned mine area to help turn around their lagging economy, ensure balanced development among districts and improve residents living conditions.
Firms which launch and expand businesses, and relocate their plants within the industry promotion zone of abandoned mine area .
Company occupants of farming/industry complexes and developers within the industry promotion zone of the abandoned mine area .
| Category | Loan rate | Loan ceiling | Interest on loan | Borrowing period |
|---|---|---|---|---|
| Facility fund | 80 % of money demand | 5 billion won | 3.75% | 5-year repayment after a five-year grace period |
| Operation fund | One-cycle operation fund | 500 million won | 3.75% | 3-year repayment after a two-year grace period |
