Sunday, June 27, 2010

Gaeseong Companies Eligible for Emergency Funds

A Unification Ministry official says that South Korean companies operating at the Gaeseong Industrial Complex are eligible for emergency financial support provided by the Small and Medium Business Administration.

The official on Friday said the business association confirmed that the Gaeseong companies qualify for emergency financial aid. The ministry had previously said that support was limited to a dozen parent companies investing in the North and some 200 companies that process brought-in materials there, excluding 121 other firms that operate at the complex.

The official, however, said that due to limited resources, the state support will first go to general firms working on inter-Korean economic projects, and then processing companies, thereby placing the Gaeseong companies at lowest priority.





http://world.kbs.co.kr/news_print.htmang=e&No=73623&Category=News

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