Kang Tae-young (강태영), head of NH Nonghyup Bank, right, and Kim Jong-chul (김종출), CEO of Korea Aerospace Industries, pose for a photo. [Photo: NH Nonghyup Bank]

NH Nonghyup Bank is joining hands with Korea Aerospace Industries to expand financial support for the K-defense and aerospace industry.

NH Nonghyup Bank said on Sunday it signed a memorandum of understanding with Korea Aerospace Industries on expanding productive finance for the K-defense and aerospace industry.

Under the agreement, the bank plans to provide a total of 1 trillion won in productive finance over the next three years.

It plans to provide financial support tailored to corporate funding needs such as technology development, facility investment and overseas market expansion, to help boost industrial competitiveness and support sustainable growth.

Kang Tae-young (강태영), head of NH Nonghyup Bank, said, "We will serve as a reliable financial partner so that Korea Aerospace Industries can take another step forward as a global defense and aerospace company." He added, "We will expand productive financial support for future strategic industries and contribute to strengthening industrial competitiveness."

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#NH Nonghyup Bank #Korea Aerospace Industries #K-defense #aerospace #memorandum of understanding
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