BNK Gyeongnam Bank and Korea Research Institute of Materials Science Sign MOU for Win-Win Cooperation on Financial Support for Research Collaboration Companies
BNK Gyeongnam Bank President Hwang Yoon-chul (right in the photo) is signing a "Win-Win Cooperation Business Agreement for Financial Support of Research Cooperation Companies" with Lee Jung-hwan, President of the Korea Institute of Materials Science.
View original image[Asia Economy Reporter Kim Hyo-jin] BNK Gyeongnam Bank is lending its support to realize a strong materials industry nation.
On the 24th, BNK Gyeongnam Bank signed a 'Win-win Cooperation Business Agreement for Financial Support of Research Collaboration Companies' with the Korea Institute of Materials Science.
Bank President Hwang Yoon-chul visited the Korea Institute of Materials Science and held the 'Win-win Cooperation Business Agreement Ceremony for Financial Support of Research Collaboration Companies' with Director Lee Jeong-hwan.
According to the win-win cooperation business agreement for financial support of research collaboration companies, BNK Gyeongnam Bank and the Korea Institute of Materials Science agreed to create and provide a loan fund of 50 billion KRW to help research collaboration companies overcome the COVID-19 crisis and activate technology finance support.
In particular, BNK Gyeongnam Bank will apply loan interest rates within 1.5% maximum discount according to bank regulations to research collaboration companies recommended by the Korea Institute of Materials Science. The Korea Institute of Materials Science will actively provide administrative support necessary for financial support operations and promote the financial support system.
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President Hwang said, "I hope that the win-win cooperation business agreement for financial support of research collaboration companies will be like rain in a drought for research collaboration companies struggling with management difficulties due to COVID-19," and added, "We will continue to support the research collaboration companies eligible for support so that the national industrial competitiveness can be strengthened through the expansion of localization of materials and components."
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