Kookmin Bank-Korea Technology Finance Corporation, Comprehensive Business Agreement to Support Korean New Deal

At the comprehensive business agreement ceremony to support the Korean New Deal held on the 19th at KB Kookmin Bank Yeouido Headquarters, (left) Jung Yun-mo, Chairman of the Korea Technology Finance Corporation, and (right) Heo In, President of KB Kookmin Bank, signed the business agreement and took a commemorative photo.

[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 21st that it has signed a comprehensive business agreement with the Korea Technology Finance Corporation to support the Korean New Deal.

Through this agreement, KB Kookmin Bank and the Korea Technology Finance Corporation plan to enable various support from both institutions by mutually discovering and recommending companies that will lead the Korean New Deal.

The support targets are ▲ Digital New Deal companies ▲ Green New Deal companies ▲ companies strengthening safety nets such as employment stability and industrial safety innovation companies ▲ regional balanced New Deal companies such as regional key industries and regulatory sandbox companies.

KB Kookmin Bank will make a special contribution of 10 billion KRW to the Korea Technology Finance Corporation and support loans by reducing the financial cost burden of Korean New Deal-related companies through preferential interest rates and guarantee fee support. In addition, specialized services such as tax and accounting consulting and recruitment support for excellent personnel through KB Good Job will also be provided.

Furthermore, by utilizing collaboration within the KB Financial Group, it will recommend investments in Korean New Deal-related funds operated by KB Investment and KB Securities, and support KB Securities’ M&A, initial public offering (IPO), and corporate bond issuance-related tasks.

The Korea Technology Finance Corporation will supply a total of 500 billion KRW in guarantees by offering preferential guarantee ratios and guarantee fees through KB Kookmin Bank’s special contribution, and will provide linked support for investment and technology transfer to strengthen technological competitiveness.

Huh In, President of KB Kookmin Bank, stated, “We will do our best to ensure that this agreement produces tangible results and becomes a catalyst for private-led support of the Korean New Deal.”

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