Interest free loan for site purchases
Interest-Free Loan for Site Purchases
Relevant laws/regulations
*Pre-evaluation for feasibility
Ordinance on Gyeongsangnam-do Enterprises and Investment Attraction, Etc. and Enforcement Rules ofthe Ordinance
Eligibility
An enterprise that signed an investment MOU with the province or City·County before signing the site purchas contract and operates a business eligible for the support
① A start-up under the Support for Small and Medium Enterprise EstablishmentAct
② An enterprise relocating business establishments into the province from outside the province
③ An enterprise setting up business establishments in a new site
Eligible Business Types
Manufacturing, ICT, Knowledge service, Logistics terminal, and Logistics warehouse
Benefits
Interest-free loan for a part of the site purchase price
| Category | City · County | Requirements (InvestmentNew employment) | Criteria |
|---|---|---|---|
| Area A | Changwon, Gimhae, Yangsan | KRW 12 billion or more / 60 or more | 30% of the site purchase price |
| Area B | Jinju, Tongyeong, Sacheon, Geoje, Haman | KRW 8 billion or more / 40 or more | 40% of the site purchase price |
| Area C | Miryang, Changnyeong, Goseong | KRW 6 billion or more / 30 or more | 50% of the site purchase price |
| Area D | Uiryeong, Namhae Hadong, Sancheong, Hamyang, Geochang, Hapcheon | KRW 5 billion or more / 20 or more | 60% of the site purchase price |
*Possible toapply InterestFree Loan with Local Invest Promotion Subsidy(Investmentin businessestablishment constructionlexpansion)
Loan Limit
30% to 60% of site purchase price, within budget, up to KRW 10 billion
Loan Redemption
5-year grace period, followed by 3-year redemption in installments/no interest
Application Deadline
1 year from the site purchase contract date