KB Kookmin Bank Launches 'KB Smart Factory and Regulatory Free Zone Preferential Loan'
[Asia Economy Reporter Jo Gang-wook] KB Kookmin Bank announced on the 13th that it has launched the 'KB Smart Factory and Regulatory Free Zone Preferential Loan' to promote the spread of smart factories and revitalize the Regulatory Free Zone project.
The 'KB Smart Factory and Regulatory Free Zone Preferential Loan' is a product that provides funds necessary for promoting smart factories and discovering new technologies and new businesses to smart factory adopters, suppliers, and businesses applying special regulations in the Regulatory Free Zone, with a total support limit of 300 billion KRW.
This loan offers preferential interest rates of up to 0.4%p depending on the level of smart factory implementation and technology grade. In particular, for installment repayments, the grace period is extended up to 50% of the total loan period, reducing the initial financial burden on companies.
Additionally, KB Kookmin Bank and the Korea Technology Finance Corporation signed a 'Financial Support Agreement for Fostering Innovative Industries and Activating Technology Startups' in February, enabling support through guarantee agreements.
KB Financial Group is accelerating innovative financial support centered on four major agendas: △strengthening credit support for innovative companies △expanding investment in innovative growth △supporting startups and job creation △nurturing startups and innovating financial linkage platforms. KB Financial Group Chairman Yoon Jong-kyu stated, "Support for innovative companies is an investment in the future," adding, "We will discover new markets through fostering innovative companies and create a foundation for growth together."
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A KB Kookmin Bank official said, "We will support companies with high growth potential based on technological capabilities to settle quickly," and added, "We will continue to do our best to become a growth ladder for small and medium-sized enterprises through win-win cooperation for manufacturing innovation and the development of new technologies and new businesses."
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