Incheon City Offers Up to 300 Million KRW Loans for Returning to Fishing Startups and Housing Costs... Applications Open Until July

The Incheon Fisheries Technology Support Center is recruiting fishery returnees who plan to start a business in fishing villages or receive support for housing purchase costs until the end of this month.

Startup funds will be provided up to 300 million KRW per person in the fisheries or fishing village business (tourism and leisure) sectors, and housing purchase funds will be offered as loans up to 75 million KRW per household, including purchase, new construction, and remodeling.

This project is a secondary interest subsidy program fully funded by the Fisheries Cooperative, with a loan interest rate of 1.5% per annum and a repayment period of 10 years in installments after a 5-year grace period.

Applicants must be citizens under 65 years old who have moved to rural fishing areas in Incheon intending to become fishery workers or who live in rural fishing areas but do not currently operate fisheries or aquaculture businesses. However, those who have not completed military service, are currently enrolled or on leave from university, or are undergoing rehabilitation due to legal discharge such as bankruptcy are excluded.

To apply, applicants must obtain a credit investigation report through a loan consultation at the Fisheries Cooperative Bank and then submit the documents to the fisheries-related department of the local district or county office in the desired fishery return area.

An Incheon city official stated, "We hope this will provide practical help for those dreaming of returning to fishing villages to settle successfully," and added, "We will continue to develop policies to support fishery returnees."

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