The budget limit of 20 billion Won for venture inauguration will be increased by 100% to 40 billion to support high-tech venture businesses with predominant technology. 

According to the special measurement law for supporting enterprises, the fund will support up to 1.5 billion Won per venture business, established within 7 years. Loan term is up to 8 years (operation funds, R&B costs 4 years) and annual interest rate is 3.0%. 

This long-term low interest financial fund is supported for construction costs, relief funds, research and development costs, operation costs and other matters to about 2,000 businesses. 

Current support actual results until August has covered 42 enterprises with 21.8 billion Won which has increased 3 times than last year of 19 enterprises with 7.5 billion Won. The positive response has enlightened an additional 20 billion Won to the fixed amount to total 40 billion Won. 

Applications and evaluations for financial aid are consigned to the Technology Appraisal Bureau at the Korea Technology Credit Guarantee Fund. Funds and guarantee on technology evaluation results are unified to reduce evaluation loads on minor enterprises and commission for evaluation will be provided by the province.