KB Kookmin Bank is joining hands with the KOSDAQ Association to expand financial support and capital-market services for KOSDAQ-listed companies.

KB Kookmin Bank said on July 16 it signed a memorandum of understanding with the KOSDAQ Association on July 15 at KB Kookmin Bank's new building in Yeouido, Seoul, titled "a business agreement to revitalise the KOSDAQ market and enhance the global competitiveness of KOSDAQ-listed companies."

The agreement was designed to expand productive finance for KOSDAQ-listed companies and build a tailored support system linking corporate finance with capital-market services.

The two organisations plan to provide financial solutions by growth stage for KOSDAQ Association members, including corporate loans with special preferential interest rates, investment finance, equity capital markets (ECM) and debt capital markets (DCM).

They will also support wealth management (WM) consulting that visits companies directly and ESG management consulting. They plan to provide wealth management seminars and expert consultations, and run tailored consulting to respond to carbon neutrality and establish ESG management systems.

A KB Kookmin Bank official said the bank would expand productive finance to support the growth of innovative companies and continue to provide financial and non-financial services tailored to companies' growth stages.