Search results for KODIT
Finance
Hana Bank, KODIT and Korea Importers Association to support financing for small, mid-sized importers
Hana Bank will work with the Korea Importers Association and the Korea Technology Finance Corp to provide 50 billion won in liquidity to small and mid-sized importing companies. The bank said it signed a financial support agreement on July 20 to back the growth of domestic importers. Hana Bank will make a 700 million won special contribution, and KODIT plans to supply 50 billion won in agreement-backed guarantees.
Finance
Woori Bank, KODIT and NongHyup Bank sign agreement to support green policy finance
Woori Bank will provide financial support to small and mid-sized companies pursuing greenhouse gas reductions. The bank said it signed a business agreement on June 25 with the Korea Technology Finance Corp and NH NongHyup Bank on an interest-subsidy support guarantee under green policy finance. Under the deal, KODIT will issue credit guarantee certificates based on assessments and screening results. Eligible firms may receive differentiated interest support, preferential rates and support for guarantee fees.
Finance
ELS fines cut to 600 billion won after local elections, financial policy in focus
With the June 3 local elections over, attention in South Korea’s financial sector is shifting back to financial authorities and the National Assembly. Issues that lost traction during the campaign, including governance reform at financial holding firms, digital asset regulation, loan rules for non-resident single-homeowners and a compensation liability system for voice phishing, may return to the agenda in the second half. Regulators have also adjusted ELS sanctions and stepped up work on consumer protection and AI security threats.
