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KB Kookmin Bank, KODIT to support firms hit by Middle East war with 230 billion won inclusive finance

KB Kookmin Bank will support small and medium-sized companies struggling due to the Middle East war and the effects of high oil prices and a weak won. The bank said it signed an agreement with the Korea Technology Finance Corp to provide inclusive financial support to help firms overcome the crisis. KB Kookmin Bank plans a 5 billion won contribution and about 230 billion won in guarantee-backed loans, with preferential guarantee ratios and fee support for eligible companies.