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Finance

Hana Bank to provide 100 billion won agreement guarantees for semiconductor materials, parts and equipment firms

Hana Bank said on Thursday it signed a business agreement with the Korea Technology Finance Corp to support small and medium-sized companies in the semiconductor industry. The two will create agreement guarantees worth 100 billion won for semiconductor-related small firms facing management burdens from prolonged high inflation and high interest rates. Companies using the guarantees will receive support on guarantee fees, with reductions and subsidies over up to three years.

Finance

Shinhan Bank to support SMEs hit by Middle East war with Kibo

Shinhan Bank will work with the Korea Technology Finance Corporation (Kibo) to support small and medium-sized firms hurt by instability in the Middle East. The bank said it signed an agreement with Kibo on June 26 for inclusive financial support to help SMEs overcome crises stemming from the Middle East war and related factors. Shinhan will contribute 4 billion won, while Kibo will supply 200 billion won in guarantees using the funds.

Finance

KB Kookmin Bank to support 80 billion won in guaranteed loans for decarbonisation firms

KB Kookmin Bank will expand corporate financial support for decarbonisation and the creation of a carbon-free energy ecosystem in partnership with the Korea Credit Guarantee Fund. The bank said it signed business agreements on June 22 and will make special contributions totalling 4 billion won. Based on that, the fund plans to supply guarantee certificates worth about 80 billion won. Eligible firms include those covered by green process transition and carbon-free energy guarantees.