Goheung-gun Selects Recipients for '2022 Gui-eo Startup Fund'

Jeonnam's Largest, 24 Startup Fund Cases Worth 6 Billion KRW, 17 Housing Fund Cases Worth 1.2 Billion KRW Secured

[Goheung=Asia Economy Honam Reporting Headquarters, Reporter Shim Jeong-woo] Goheung-gun, Jeollanam-do announced that it has secured the largest scale in Jeonnam with 30 people and about 7.2 billion KRW to support city residents who wish to become fishery entrepreneurs to settle stably in fishing villages by providing startup and housing funds through the "2022 Fishery Startup and Housing Purchase Support Project (Loan)."

The Fishery Startup and Housing Purchase Support Project is a program that provides loans with an annual interest rate of 2% and a grace period of 5 years with a 10-year installment repayment condition. It offers up to 300 million KRW for fishery startup funds in the fisheries and fishing village business sectors, and up to 75 million KRW for housing purchase, new construction, and remodeling funds.

Goheung-gun accepted applications from fishery entrepreneurs and returning fishery workers for one month from December 17 last year to January 16 this year. After reviewing eligibility, the number of returning fishery workers, fishery management and employment, and education completion records, a second face-to-face (in-depth) interview was conducted on the 7th of last month to confirm the applicants' business plans and commitment to implementation.

Meanwhile, Goheung-gun opened the nation's first local government-operated "Happy School for Returning Farmers and Fishermen" in September 2019, providing pre-education and temporary residence facilities for city residents hoping to move to rural areas, gaining great popularity. It has also established the Naesarang Goheung Fund of 10 billion KRW to support incentives for returning youth settlement, housing repair costs, rental fees for young farmers, and safe products for children celebrating births of young couples.

Additionally, the county secures 65 million KRW annually to support part of the interest for fishery and farming startup loan recipients in their 4th to 5th years, helping the initial stable settlement of returning farmers and fishery workers.

A county official said, "The enthusiasm of city residents returning to fishery never ceases every year. Goheung-gun, which supports the highest level of fishery startup funds in Jeonnam, will spare no administrative support to help fishery entrepreneurs settle stably in the region. We will continue to discover various policies for fishery entrepreneurs to create a vibrant and happy Goheung where people return."

Goheung=Asia Economy Honam Reporting Headquarters, Reporter Shim Jeong-woo sevenshim@asiae.co.kr

This content was produced with the assistance of AI translation services.