Under the deals, NH Bank will make a special contribution of 2 billion won. Hana Bank will contribute 700 million won and separately provide 300 million won to support guarantee fees.
Based on the banks’ contributions, the Korea Credit Guarantee Fund plans to supply agreement-backed guarantees totaling 69 billion won, or 20 times the contributed amount, to content companies. That includes 40 billion won through NH Bank and 29 billion won through Hana Bank.
Eligible firms include those recommended by KOCCA for content planning, production and commercialization, as well as companies using intellectual property. Selected companies will receive preferential terms aimed at lowering financing costs.
For companies using the program, the fund will apply a 100% guarantee ratio for the first three years and cut guarantee fees by 0.5 percentage points. NH Bank and Hana Bank also plan to offer additional preferential interest rates, based on internal standards, tied to transaction performance for borrowers using the guarantees.
KOCCA said it will further strengthen its content finance support system starting with this cooperation. It said that in early April, NH Bank will also join a specialized guarantee interest-subsidy program, completing a content finance support network covering all six major domestic banks.
KOCCA has operated a Content Value Assessment Center since 2016 to help content companies raise funds, including through content valuation and pitching platforms in and outside South Korea. More information is available on KOCCA’s website.
* This article has been translated by AI.
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