Record, New Hwaseongdong Branch Established in Hwaseong-si, Gyeonggi-do

Promotion of Technology Finance Support Activation for Small and Medium Enterprises in Hwaseong Area

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced on the 12th that it has established the Hwaseong East Branch to create growth momentum through smooth technology finance support for small and medium-sized enterprises (SMEs) in the Hwaseong area of Gyeonggi Province.

Hwaseong City is a region with high growth potential due to continuous population inflow driven by active industrial complexes and new town developments, and it has the largest number of manufacturing companies in Gyeonggi Province. Kibo has set up the Hwaseong East Branch in Bongdam-eup, Hwaseong City, designating Hwaseong City as its jurisdiction, aiming to resolve the inconvenience faced by local SMEs who had to use distant branches and to provide prompt financial support, thereby promoting the activation of technology finance support.

Jung Yoon-mo, Chairman of Kibo, emphasized, "Hwaseong City is led by strong small and medium enterprises in key Korean industries such as semiconductors and automobiles, resulting in a rapid increase in demand and conditions for technology finance." He added, "With the opening of the Hwaseong East Branch, we will do our best to support the growth and development of technology SMEs in Hwaseong City and nearby areas."

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