Uljin County-NH Nonghyup Bank, Preferential Agreement Signed... 'Uljin Nuclear Hydrogen National Industrial Complex' Sale Loan

Loan Limit Up to 80%

On the 27th, Uljin-gun, Gyeongbuk Province, signed a preferential loan agreement for the sale of the Uljin Nuclear Hydrogen National Industrial Complex with NH Nonghyup Bank (Gyeongbuk Headquarters Director Choi Jin-su).

On the 27th, Uljin County and NH Nonghyup Bank signed a preferential loan agreement for the sale of the Uljin Nuclear Hydrogen National Industrial Complex.

This agreement was prepared to ensure the successful promotion of the national industrial complex, scheduled for completion in 2029, and to alleviate the financial burden on companies planning to move in.

The agreement states that if Uljin-gun recommends companies that have signed sales contracts for the national industrial complex and paid 20% of the sales price to NH Nonghyup Bank, the bank will provide active financial services to the recommended companies and can set a loan limit within 80% of the land sales price.

Such financial support is expected to not only ease the companies' funding burdens but also invigorate the sales of the national industrial complex.

Uljin-gun has been accelerating the development of the national industrial complex through announcements such as the exemption from preliminary feasibility studies at the Emergency Economic Ministerial Meeting in February and the signing of the national industrial complex occupancy agreement on the 26th.

Additionally, considering smooth operation after the establishment of the national industrial complex, the county is seeking ways to train industrial manpower through the Education Development Special Zone and to connect employment with large corporations moving into the complex. It is also planning to support companies moving into the national industrial complex with a package of tax benefits, regulatory exceptions, financial and fiscal support, and improved living conditions by promoting designation as an Opportunity Development Special Zone.

County Governor Son Byung-bok said, “We are concentrating all administrative efforts on the establishment of the national industrial complex, the largest pending project in Uljin-gun for revitalizing the local economy and creating jobs.” He added, “In addition to the preferential loan agreement signed with NH Nonghyup Bank for successful establishment and smooth operation of the national industrial complex, we plan to continuously prepare large-scale investment incentives such as designation as an Opportunity Development Special Zone, addition of ‘hydrogen’ to the national advanced strategic industry sectors, and designation as a national advanced strategic industry specialized complex.”