Under the agreements, the bank will make a special contribution of 17 billion won to the fund and plans to support a total of 600 billion won in loans secured by guarantee certificates.
The bank said it expects the split between a general program and a region-focused program to strengthen support for companies outside the capital area and promote more balanced regional development.
The general program targets companies in new growth industries, promising startups, exporters and firms expanding overseas. The region-focused program targets the same categories as well as companies in key local industries, provided they are located outside the Seoul metropolitan area. Eligible firms also include those that received KB ESG consulting, tenants of KB’s Innovation Hub Center, and companies that hired workers through the KB Goodjob job fair.
Companies covered by the general guarantee program can receive either a preferential 100% guarantee ratio for three years or support for guarantee fees from the bank totaling 1.0 percentage point over two years, at 0.5 percentage point per year. Companies under the region-focused guarantee program can receive either a preferential 100% guarantee ratio for three years or guarantee-fee support totaling 1.8 percentage points over three years, at 0.6 percentage point per year.
A KB Kookmin Bank official said the agreements are intended to provide practical help to small and midsize companies expected to drive future growth while supporting balanced regional development. The official said the bank will continue expanding productive-finance support to promote sustainable growth in South Korea’s industrial ecosystem.
* This article has been translated by AI.
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