Finance
NH NongHyup Bank, KODIT to extend 383 billion won financing support for SMEs
NH NongHyup Bank will provide 383 billion won in agreement-based guarantees with the Korea Credit Guarantee Fund for growth companies and small and medium-sized firms outside the Seoul metropolitan area. It said it signed agreements on productive finance and region-tailored support, supplying 220 billion won and 163 billion won in guarantees, respectively. KODIT will apply a 100 percent guarantee ratio for three years and cut guarantee fees, while the bank will support fees for two years.
