Search results for KODIT
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.
Finance
Woori Bank, KODIT sign deal to support financing for high-tech, high-growth firms
Woori Bank said on March 27 it signed an agreement with the Korea Technology Finance Corp to support financing for high-growth scale-up companies. The bank said it aims to strengthen the corporate growth ladder and expand productive finance in line with the government’s policy direction. Under the agreement, Woori Bank will contribute 8 billion won and provide 310 billion won in funding, supporting firms recommended by KODIT after evaluation.
Finance
iM Bank signs MoU with Daegu and KODIT, pledges 1.5 billion won
iM Bank said on Feb. 26 it signed a financial support agreement with Daegu and the Korea Credit Guarantee Fund to foster small and midsized companies engaged in local strategic industries. The deal is part of iM Financial Group’s plan to supply 45 trillion won in productive finance over five years. iM Bank will contribute a total of 1.5 billion won, funding 40.2 billion won in guaranteed loans. Daegu will provide interest support of 1.7 percentage points for two years.