Kookmin Bank and Korea Credit Guarantee Fund Sign Business Agreement for Financial Support of Korean New Deal Companies
Bank Supports 0.3% Annual Guarantee Fee for 2 Years
[Asia Economy Reporter Sunmi Park] KB Kookmin Bank announced on the 2nd that it has signed a 'Korean New Deal Leading Enterprise Financial Support Business Agreement' with the Korea Credit Guarantee Fund.
Through this agreement, KB Kookmin Bank and the Korea Credit Guarantee Fund will discover companies leading the Korean New Deal and strengthen financial support. The support targets include ▲Digital New Deal ▲Green New Deal ▲New Growth Engine Industry Companies ▲Job Creation Companies ▲Export SMEs ▲Overseas Expansion Companies.
Among this agreement, the special contribution agreement guarantee applies a 100% guarantee ratio to startups with less than 7 years of operation, providing financial support to startups lacking credit and collateral. In addition, through the guarantee fee support agreement guarantee, regardless of the length of operation, the bank will support 0.3% per year of the guarantee fee that companies must pay for 2 years, reducing companies' financial costs.
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KB Kookmin Bank will make a special contribution of 10 billion KRW to the Korea Credit Guarantee Fund to support a total loan of 550 billion KRW. Loan applications will be available from the 6th at KB Kookmin Bank branches nationwide. A KB Kookmin Bank official stated, “We plan to actively support the Korean New Deal through the development of various financial products and services in the future.”
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