| Mobile Web

Search results for Korea Credit Guarantee Fund

Finance

NH NongHyup Bank, KODIT to extend 383 billion won financing support for SMEs

NH NongHyup Bank will provide 383 billion won in agreement-based guarantees with the Korea Credit Guarantee Fund for growth companies and small and medium-sized firms outside the Seoul metropolitan area. It said it signed agreements on productive finance and region-tailored support, supplying 220 billion won and 163 billion won in guarantees, respectively. KODIT will apply a 100 percent guarantee ratio for three years and cut guarantee fees, while the bank will support fees for two years.

Finance

Financial watchdog to revamp bank CEO renewal process, expand National Growth Fund to 200 trillion won

South Korea\'s Financial Services Commission plans to overhaul financial sector governance, including changes to the process for renewing chief executives to block long-term control built on friendly boards. It also plans to expand the National Growth Fund to 200 trillion won and pursue a full lifting of network separation rules to support productive finance and artificial intelligence transformation. The FSC also outlined steps on inclusive finance, regional policy finance and capital market reforms.

AI & Enterprise

Korea science ministry to support return of overseas Korean tech talent teams

South Korea will support the domestic commercialisation of 20 teams of overseas Korean technology talent working in super-gap fields including AI, advanced robots, bio and aerospace, the government said. The Ministry of Science and ICT and the National IT Industry Promotion Agency held a K-TECH Pioneers orientation in Seoul on July 10. The programme aims to support the return and settlement of overseas Korean talent and is linked to a government policy on securing leading AI technologies and talent.