New Album Partners with Industrial Bank of Korea to Provide 'Complex Financial' Support to Innovative Companies

Scale-up Joint Investment and Linked Guarantee Support
Fixed Guarantee Fee Rate of 0.7% Benefit for Selected Companies

On the 22nd, the Korea Credit Guarantee Fund signed a business agreement with IBK Industrial Bank of Korea to strengthen combined investment and loan financial support for innovative startup companies.
[Photo by Korea Credit Guarantee Fund]

[Asia Economy Reporter Song Seung-seop] The Korea Credit Guarantee Fund and IBK Industrial Bank of Korea announced on the 22nd that they have signed a "business agreement to strengthen combined investment and loan financial support for innovative startup companies."

This agreement was established to jointly discover innovative startup companies with high technological capabilities and growth potential, and to help them become high-growth companies. The Korea Credit Guarantee Fund and IBK Industrial Bank of Korea will recommend excellent companies from startup program resident companies, direct investment companies, and BIG3 companies (system semiconductors, bio-health, future cars).

Selected companies will receive benefits in joint investment for scale-up and linked guarantees. The Korea Credit Guarantee Fund offers selected companies a fixed guarantee fee rate benefit (0.7%). They can also receive support for joint investment by the agreement institutions and IPO consulting benefits.

A representative of the Korea Credit Guarantee Fund stated, "Through this agreement, a collaborative system has been established to share excellent company groups and provide linked support," and emphasized, "We will continue to expand channels for discovering excellent companies and provide combined support for the growth of innovative companies through cooperation with related organizations."

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