Firms, which were involved in inter-Korean trade and suffered from soaring losses after the government imposed sanctions on North Korea after the sinking of the warship Cheonan, can receive emergency relief funds.
The measure came after the owners of the businesses requested the Ministry of Unification lend money from inter-Korean cooperation funds so that they can manage their businesses.
The Small and Medium Business Administration (SMBA) announced the program Tuesday under which the businesses involved in inter-Korean trade are entitled to the loans.
About 210 firms can get the emergency funds. Each firm can borrow up to 1 billion won with the annual interest rates ranging from 4.2 to 5.7 percent.