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KB Kookmin Bank sets 400 billion won credit guarantee programme

KB Kookmin Bank signed a cooperation agreement with Korea Credit Guarantee Fund and Korea Technology Finance Corporation to strengthen productive finance and support the growth of small and mid-sized companies. The bank will provide 14 billion won in special contributions from December 5 to back about 400 billion won in loans secured by guarantee certificates. The programme offers full guarantees for three years and fee reductions for eligible firms, prioritising companies supported by the Small and Medium Business Corporation.