Forecast Partners with Industrial Bank of Korea to Support 'K-New Deal' SMEs
The First K-New Deal Support Project Conducted Among Financial Public Institutions
[Asia Economy Reporter Song Seung-seop] The Korea Deposit Insurance Corporation (KDIC) announced on the 6th that it signed a "win-win growth business agreement for the activation of K-New Deal" with IBK Industrial Bank of Korea on the 1st.
This agreement is the first K-New Deal support project conducted between financial public institutions. KDIC will cooperate with IBK to secure funding for the K-New Deal SME support program.
Since 2019, KDIC and IBK have jointly raised funds amounting to 400 billion KRW to provide low-interest loans to job-creating SMEs and companies affected by COVID-19.
KDIC explained that through this collaborative model, it expects the successful promotion of the K-New Deal and the expansion of social activities.
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A KDIC official stated, "We plan to continue to explore various support measures that provide practical help to SMEs facing difficulties and strive to strengthen our social role."
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