Fintech
IBK Industrial Bank of Korea to provide 300 billion won in financing for early-stage startups
IBK Industrial Bank of Korea will provide 300 billion won in financial support for early-stage innovative startups in partnership with the Korea Credit Guarantee Fund. The bank will link support from an initial loan to follow-on funding depending on a company’s growth stage. It will offer interest-rate reductions of up to 1.2 percentage points for initial support and up to 1.5 percentage points for follow-on support.
