Support for 30 Companies Affected by the 'Daedal Industry Explosion Accident' in Yeongcheon: 500 Million Won in Management Loans and 1 Billion Won in Direct Lending

Second Countermeasure Meeting by Daegu-Gyeongbuk Free Economic Zone Authority
Byungsam Kim: "Practical Support Measures to Be Developed"

The Daegu-Gyeongbuk Free Economic Zone Authority (Commissioner Byungsam Kim) held the second countermeasure meeting to support companies affected by the 'Daedal Industry Explosion Accident in Yeongcheon' at the main conference room of Hanjung NCS in Yeongcheon at 2:30 p.m. on August 13.

This meeting was convened to develop practical support measures for the rapid recovery and normalization of companies affected by the fire (explosion) accident that occurred on August 3. More than 20 department heads from relevant organizations and representatives of the affected companies attended the meeting.

Byungsam Kim, Commissioner of the Daegu-Gyeongbuk Free Economic Zone Authority, is presiding over the second countermeasure meeting to support companies affected by the explosion accident at Daedal Industry in Yeongcheon.

At the first countermeasure meeting held on August 6, participants shared the status of the damage and discussed possible support measures by each organization.

At today's meeting, presided over by Byungsam Kim, Commissioner of the Free Economic Zone Authority, each organization presented its support measures, followed by a Q&A session and further discussions.

Looking at the support measures by each organization: North Gyeongsang Province is providing loans of up to 500 million won through working capital and emergency management stabilization funds for small and medium-sized enterprises (SMEs), increasing the interest subsidy rate to ease the financial burden. Yeongcheon City is issuing disaster SME confirmation certificates to companies that have received fire damage certificates, helping them apply for emergency management stabilization funds, and expanding interest subsidies for working capital.

The Korea SMEs and Startups Agency is providing direct loans of up to 1 billion won to affected companies, operating repayment deferment and relaxed repayment condition programs. The Gyeongbuk Credit Guarantee Foundation is offering low-interest guarantees of up to 200 million won to reduce financial burdens.

The Yeongcheon Chamber of Commerce and Industry is supporting part of the costs for safety facility maintenance and disaster recovery, planning to assist more than 20 companies.

In addition, financial institutions such as NongHyup and iM Bank are working closely together to ensure the swift recovery of the affected companies.

The Daegu-Gyeongbuk Free Economic Zone Authority plans to address short-term management difficulties faced by companies to facilitate rapid recovery. For about 30 companies in the nearby affected area, the authority will cooperate with the Yeongcheon Regional Association of Architects to apply a 50% discount on design and supervision service fees, and will provide administrative support to allow construction to begin prior to completing permit procedures for damaged buildings.

Byungsam Kim, Commissioner of the Daegu-Gyeongbuk Free Economic Zone Authority, stated, "We will do our utmost to ensure that the affected companies can return to normal operations as soon as possible by working together with all relevant organizations to develop practical support measures."

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