POSCO on Sunday introduced a set of support programs to help national patriots, including independence fighters, and their families.
The program is open to those who currently require government support to meet living expenses and those in the low income groups.
As part of the program, POSCO Microcredit Bank will offer up to 50 million won ($42,000) loans at 4.5 percent interest for starting a business to those who meet the requirements.
The steelmaker will also give preferential treatment when they seek employment at one of POSCO’s four social enterprises.
The four POSCO affiliated social enterprises currently employee about 480 people, and plan to hire an additional 240 people by 2012.
In addition, the company said that it will offer a range of services including nursing, home repair and bathing services to the elderly among those eligible for the program.
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