Finance
IBK Industrial Bank to provide 200 billion won in financial support to young startups
IBK Industrial Bank said it will provide 200 billion won in financial support for promising startups led by young entrepreneurs, in partnership with the Korea Credit Guarantee Fund. The bank said it signed a business agreement on Aug. 20 and will launch the IBK Promising Youth Startup Loan on Aug. 21. Eligible firms are those that receive guarantee certificates from the fund. The bank will offer working capital and facility funding of up to 3 billion won per company, with interest rate cuts of up to 1.5 percentage points.
