Loan interest support program

Shipping Business Management Support (including COVID-19)

Loan interest

The Loan Interest Support Program is an emergency management fund (operating fund) support project (shared growth cooperation project) for port cargo handlers and outbound freight forwarders experiencing management difficulties due to the COVID-19 crisis. The program reduces the interest burden of providers in financial institutions that have signed an agreement with the Corporation. It is a temporary support program to overcome COVID-19.

Feature and Benefit

  • Support for increased in corporate funds and financial costs due to prolonged effects of COVID-19

1. Loan interest support project

Main guarantee conditions
Eligibility National outbound cargo transportation service providers (Article 24.2 of the Marine Transportation Act), outbound passenger transportation providers of port cargo handlers (Article 3.1 of the Port Transport
Business Act), Korea-China-Korea-Japan route.
Support criteria Supported companies that meet at least one of the following criteria
  1. ① decreased sales in 2022 compared to 2019
  2. ② decreased profit in 2022 compared to 2019
  3. ③ less than 1 interest coverage ratio in 2022
  4. ④ more than 250% debt-to-equity ratio in 2022
Support limitation Limit of KRW 5 billion to one outbound port company and KRW 3 billion to another
Project scale KRW 120 billion
Loan period 1 year
Interest rate for reduction varies according to deposit interest rate and prime rate
Bank with agreement Korea Development Bank, Industrial Bank of Korea, Woori Bank, Hana Bank, Suhyup Bank, Busan Bank, Kookmin Bank (7 banks)

Financial structure diagram

Financial structure


Recommendation for support

  • : 2023.3.22.(Wed.) ~ Accepted all times until the end of application
  • : By mail or e-mail to the person in charge of the Corporation (submit original by mail)
  • : 5F, Bldg. C1, 38, Marine City 2-ro, Haeundae-gu, Busan, 48120 (U-don, Haeundae I'Park) Korea Ocean Business Corporation, Ocean Finance Department 2
  • : Limited to companies that meet both application target and conditions

Loan application

  • : 2023.3.22.(Wed.) ~ Until available
  • : Apply for a lone using letter of recommendation issued by the Corporation at any of the affiliated banks (KB Kookmin Bank, Hana Bank,
            IBK Industrial Bank, Suhyup Bank, BNK Busan Bank, Woori Bank, KDB Korea Development Bank).
  • : Decisions on loan conditions, e.g., interest rate, limit, and credit review authority, are made entirely by affiliated banks