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Finance

FSC expands support to 26.8 trillion won to cope with Middle East risks

South Korea\'s Financial Services Commission said on Tuesday it will expand new policy financing support to 26.8 trillion won to ease corporate burdens from instability in the Middle East. It also plans to ease refinancing pressure for Credit Guarantee Fund P-CBOs, including by lowering repayment ratios and cutting subordinated purchase ratios and spreads. Private lenders will 추진 a program supplying more than 53 trillion won in new funds.

Finance

KB Kookmin Bank signs deal with KODIT to support 600 billion won in productive finance

KB Kookmin Bank said on Thursday it signed two agreements with the Korea Credit Guarantee Fund to expand productive finance and support growth recovery, including a region-focused programme. Under the deals, the bank will make a 17 billion won special contribution to the fund and, based on it, plans to supply 600 billion won in guarantee-backed secured loans. Support and fee benefits differ between the general and regional programmes.

Finance

Hana Bank signs financial support deal to foster K-content industry

Hana Bank said on Monday it has signed a financial support agreement with the Korea Credit Guarantee Fund and the Korea Creative Content Agency to strengthen the competitiveness of South Korea\'s cultural content industry and support the global spread of K-content. The deal aims to help cultural content companies that have original ideas and creativity but face difficulties raising funds. Hana will contribute 1 billion won to the fund and support guarantee fees.