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[4K] ALPHA DRIVE ONE, KiiiKiii, WHIB, 8TURN, AxMxP, POW, SUNGMIN | On the way to Music Bank 260206
2026-02-06
Unification Ministry Unveils New Financing Rules on N. Korea Projects
Written: 2005-02-02 16:34:02 / Updated: 0000-00-00 00:00:00
The Unification Ministry has unveiled a set of new financial guidelines for South Korean companies doing business in North Korea.
The new rules recognize plants and facilities of South Korean companies active in North Korea as collateral when companies apply for fresh financing from South-North cooperation funds.
Under the new regulations, South Korean firms investing in North Korean infrastructure projects will be able to receive loans repayable over up to 20 years with an annual interest rate of three percent.
The ministry also plans to arrange long-term, low-interest loans for such firms when government loans are not available.
The new regulations took effect on Wednesday.
The new rules recognize plants and facilities of South Korean companies active in North Korea as collateral when companies apply for fresh financing from South-North cooperation funds.
Under the new regulations, South Korean firms investing in North Korean infrastructure projects will be able to receive loans repayable over up to 20 years with an annual interest rate of three percent.
The ministry also plans to arrange long-term, low-interest loans for such firms when government loans are not available.
The new regulations took effect on Wednesday.
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