Ulju County to Provide Loans for Residents and Businesses Near Power Plants

Applications Accepted at Onyang-eup and Seosaeng-myeon Administrative Welfare Centers from September 2 to 30

Ulsan Ulju County will be accepting applications for the '2024 Second Half Resident Welfare and Business Attraction Loan Support Program' from July 2 to July 30, targeting residents and businesses in areas surrounding power plants.

This program is being implemented to help increase the income and stabilize the lives of residents and businesses living near power plants.

Eligible applicants are residents and businesses who have lived and registered their address for at least one year as of the announcement date in the areas surrounding power plants (Onyang-eup, Seosaeng-myeon), and who meet the lending criteria of financial institutions (NongHyup Ulju County Branch).

However, those who have not completed repayment of previous support funds or are ineligible for credit loans according to the financial institution's credit management regulations may be excluded from loan support. In addition, if the recipient moves out of the designated area, immediate repayment is required.

The support scale is up to 20 million KRW per household for the resident welfare support program, and up to 50 million KRW per business for the business attraction support program.

The annual interest rate is 1.5%, with a two-year grace period and five-year installment repayment. The total loan support budget for the second half of the year is 355 million KRW.

Applications can be submitted at the administrative welfare centers in Onyang-eup and Seosaeng-myeon, and selected recipients will be notified in October. Selected applicants should visit the NH NongHyup Bank Ulju County Branch by the notified date to apply for the loan.

For more details, please contact the Nuclear Power Plant Support Team, Energy Policy Division, Ulju County.

Ulju County Office

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