General Support for the Recycling Industry > Funding for Recycling Industry Overview   Background ENVICO has endeavored to prevent the waste of resources since 1994 through actively promoting waste recycling programs that lead to the establishment of a sustainable resource recycling society. In particular, we have provided low interest loans to domestic recycling businesses and have put forth efforts to improve the work environment of these businesses, thus strengthening the foundation of the recycling industry.   System Overview ▣ Supporting Method - Upon being granted loan permission by ENVICO, a company can withdraw the fund by following claim creation procedures. - Claim creation procedures shall follow the bank's regulations.     ▣ Supporting Contents Type Rate Period Limitation Repayment Method Facilities fund Floating rate (5.22%/y) Deferred for 3 years/repay in 7 years(within 10 years) ㆍ 5 billion won and below Repay by installment every quarter after deferment period Technology development fund ㆍ400 million won and below Waste reduction facilities fund ㆍ Facilities: 500 million won ㆍPlant construction: 300 million won Management stabilization fund Deferred for 2 years/ repay in 3 years(within 5 years) ㆍ1 billion won -Within the sales of the latest fiscal year, or within the sales under the VAT standard of assessment evidence -In the case of a founder, within 30 percent of facilities loan application amount Distribution/Sales supporting fund ㆍ200 million won Note 1) As of 3/4 quarter, 2007. * Collateral required.   Type Loan Size Subject of the Loan Use Facilities Fund 40 billion won ㆍ Recycling businesses in accordance with the Act on the Promotion of Saving and Recycling of Resources, Article 31 ‥ Individuals or business organizations who wish to install recycling facilities in accordance with the aforementioned Act, Article 2.6 ‥Individuals who wish to install facilities for producing recycling equipment in accordance with the enforcement decree of the aforementioned Act, Article 36.3 ‥ Individuals who wish to install recycling facilities to recover energy and waste heat in accordance with the aforementioned Act, Article 2.1,1 ㆍCost to produce, purchase, install and construct recycling. Cost to equipment and facilities produce, purchase, and install recycling facilities related to recovering energy and waste heat Technology Development Fund ㆍIndividuals who wish to conduct research on resource recycling and the business of technology development in accordance with the Act on the Promotion of Saving and Recycling of Resources, Article 31.1.5 ㆍCost to develop recycling technology (labor cost, training cost) ㆍ Sample and material cost, technology introduction cost, test/inspection cost, technology training cost, commissioned R&D cost, PILOT installation & operation, equipment & material purchase cost Waste Reduction Facilities Fund ㆍIndividuals who wish to install waste reduction facilities in accordance with the Waste Control Act, Article 2.8 ㆍ Individuals who wish to install facilities that make products using biodegradable plastics in accordance with the Notification of the Ministry of Environment No. 2003-64 ㆍCost to produce, purchase, install and construct the equipment and facilities necessary for waste reduction Management Stabilization Fund 25 billion won ㆍRecycling businesses in accordance with the Act on the Promotion of Saving and Recycling of Resources, Article 31 ㆍOperational cost for recycling business (material purchase cost, labor cost, public utility bill, fuel expenses, transportation cost, facilities maintenance fee, waste treatment cost, technology introduction cost, technology development test) Distribution/ Sales Supporting Fund ㆍ Recycled product sales businesses who deal with 30 percent or lower general manufactured products among total sales in accordance with the Act on the Promotion of Saving and Recycling of Resources, Article 31.6 and the Enforcement Decree of the abovementioned Act, 36.2 ㆍRental deposit and interior cost (only for new businesses) for distribution and sales business, shop purchasing cost, construction cost   Funding Procedure   ▣ Business Flow   ▣ Distribution and receipt of application - Distribute at : the Office of Industry Promotion, ENVICO(Phone: 032-560-1660~7) / Local branches and offices - Submit to: the Office of Industry Promotion, industry supporting team of local branches, Jeju office