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KB Kookmin Bank, KOSMES to provide 6 trillion won in productive finance support for Middle East-affected firms

KB Kookmin Bank said on April 12 it will run a 6 trillion won productive finance support programme with the Korea SMEs and Startups Agency. The programme, effective from April 13, targets SMEs and venture companies using policy funds and offers special interest rate preferences within the limit. Firms covered by agreement guarantees will receive additional benefits, including guarantee ratio and fee reductions. The bank plans to expand support for firms hit by Middle East-related logistics cost increases and contract delays.