KEPCO Signs Business Agreement with Hana Bank to Promote SME Export 활성화

KEPCO KTP Provides Export Finance Support Services and Offers Preferential Loan Interest Rates

[Asia Economy Reporter Moon Chaeseok] Korea Electric Power Corporation (KEPCO) announced on the 16th that it signed a 'Business Agreement for Export Activation of KEPCO Trusted Partners (KTP) Companies' with Hana Bank.

The KTP project is a program that grants excellent small and medium-sized partner companies with export capabilities the right to use KEPCO's export promotion brand to strengthen their overseas marketing capabilities.

This agreement is an export finance support project that provides export finance support services and preferential loan interest rates so that KTP companies can use export finance more economically.

The export finance support service offers KTP companies benefits such as discounts on guarantee insurance premiums from the Korea Trade Insurance Corporation when using export credit guarantee products, preferential fees for export receivables purchase, and preferential loan interest rates from Hana Bank.

The export credit guarantee product refers to a financial product in which the Korea Trade Insurance Corporation guarantees export receivables so that export companies can convert export receivables into cash before the payment date, and domestic banks purchase the receivables.

The fund usage is diversified to include finished products, raw materials for export, and production funds to provide practical assistance to small and medium-sized enterprises.

A KEPCO official stated, "Going forward, the two companies plan to develop various customized export support programs and strengthen mutual cooperation to expand the overseas advancement of domestic small and medium-sized enterprises."

This content was produced with the assistance of AI translation services.