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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

Hana Bank expands support for small merchants with mid-to-low credit in Incheon with 91.5 billion won guarantees

Hana Bank will expand financial support for small merchants with mid-to-low credit in Incheon. The bank said on Aug. 27 it will make an additional 500 million won special contribution to the Incheon Credit Guarantee Foundation and strengthen inclusive finance support for local small business owners. The move expands a financial support programme launched in March. The bank’s contributions this year will rise to 6 billion won, and agreed guarantees via the foundation will increase to 91.5 billion won.