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Finance

iM Bank, Daegu City, KODIT to provide 100 billion won support for SMEs in vulnerable sectors

iM Bank will provide about 100 billion won in financial support for local small and medium-sized firms in economically vulnerable sectors such as construction, together with Daegu City and the Korea Credit Guarantee Fund. Under the agreement, iM Bank will contribute 2 billion won to the fund, including 1.2 billion won in a special contribution and 800 million won for guarantee fees, and plans to supply about 100 billion won in loans.

Finance

KB Kookmin Bank to support 3.5 trillion won in guaranteed loans for industrial complex firms

KB Kookmin Bank will supply about 3.5 trillion won in guaranteed loans to companies located in industrial complexes and regional manufacturers, in cooperation with the Korea Credit Guarantee Fund and the Korea Technology Finance Corporation. The bank said it signed a financial support agreement aimed at strengthening competitiveness and balanced growth in regional manufacturing. It will provide contributions and guarantee fee support totaling 10 billion won to the two institutions.

Finance

Sh Suhyup Bank signs non-face-to-face guaranteed loan deal with KODIT, to introduce Easy-One next year

Sh Suhyup Bank is working with the Korea Credit Guarantee Fund to 추진 a non-face-to-face guaranteed loan service for sole proprietors and small merchants. The bank said on Tuesday it signed an agreement on non-face-to-face and digital finance activation with the fund. It plans to link the fund’s non-face-to-face guarantee system to its Partner Bank mobile app and introduce the Easy-One guarantee product in the first half of next year.