The Korea Eximbank will provide 5 trillion won to support the development of advanced industries such as semiconductors, biotechnology, and mobility in Chungcheongbuk-do over the next three years.
On September 17, the bank announced that it has signed a comprehensive financial cooperation agreement with Chungcheongbuk-do to foster regional growth engines and support balanced regional development.
This agreement aims to cultivate key strategic industries in the region through financial and administrative collaboration between the bank and local governments, securing growth momentum linked to large-scale projects.
The Korea Eximbank plans to focus its financial support on enhancing the global competitiveness of advanced industries identified as future growth drivers for Chungbuk, including semiconductors, biotechnology, and mobility. To this end, it will provide over 5 trillion won in financial packages and preferential financial benefits to the province over the next three years.
Additionally, the bank will expand financial support for small and medium enterprises (SMEs) using special programs for crisis response and plans to implement a 'SME Development Fund Interest Subsidy Support Project' with Chungbuk within the year.
Hwang Gi-yeon, president of the Korea Eximbank, stated, "We will actively support the realization of Chungbuk's mega-project policy, which is the heart of Korea's advanced industries, so that the province can lead the global market. In particular, we will ensure that financial support reaches local SMEs and mid-sized companies, centered around the newly established Central Region Headquarters since July."
* This article has been translated by AI.
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