Sandan Gong, Promotes Win-Win Growth Cooperation Fund Loans to Overcome COVID-19

KICOX Global Leading Companies Award

[Asia Economy Reporter Kim Cheol-hyun] Korea Industrial Complex Corporation (Chairman Kim Jeong-hwan, hereinafter referred to as KICOX) announced on the 24th that it will jointly support the '2020 Win-Win Growth Cooperation Fund' loan with IBK Industrial Bank of Korea for global leading companies whose management environment has become difficult due to COVID-19 and other factors.

The Win-Win Growth Cooperation Fund loan promoted by the corporation is an exclusive project for global leading companies, allowing each company to utilize up to 1 billion KRW in working capital with preferential interest rates. This project can be applied for through the person in charge of global leading companies until the 28th of this month.

Loan Procedure

Since 2014, KICOX has selected and supported a total of 301 global leading companies with global competitiveness located in industrial complexes, and over the past six years, 90 global leading companies have received 58.4 billion KRW in working capital loans at preferential interest rates from a fund jointly established with IBK Industrial Bank of Korea.

Kim Jeong-hwan, Chairman of KICOX, stated, "Many companies are experiencing difficulties due to the prolonged COVID-19 pandemic, and we hope this support will be of some help." He added, "We will continue to actively discover projects that benefit companies and take the lead in supporting companies within industrial complexes."

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