Shinhan Credit Guarantee Fund Provides Joint Guarantee of 15.5 Billion KRW to 10 Samsung SDI Partner Companies

[Asia Economy Reporter Song Seung-seop] The Korea Credit Guarantee Fund (KODIT) will provide joint project guarantees to partner companies participating in Samsung SDI's 'Next-Generation High-Energy Battery Production Expansion Project.'

According to KODIT on the 30th, the guarantee scale is expected to reach 15.5 billion KRW. The target companies are 10 small and medium-sized enterprises (SMEs) collaborating with Samsung SDI. Through this joint project guarantee support, the plan is to back the partner companies' technological capabilities and productivity enhancement.

Samsung SDI's project is a mass production business of high-nickel secondary batteries (high-performance batteries), which are gaining attention as next-generation secondary batteries in line with the growth of the electric vehicle market.

KODIT has been operating joint project guarantees since August last year. It evaluates the business feasibility of projects jointly promoted by large corporations and their partner companies and provides guarantees to the partner companies accordingly. Even partner companies with low credit ratings or weak financial ratios in the medium to low credit range can receive guarantee support. Through this, guarantees worth 112.6 billion KRW have been provided to 68 small and medium-sized enterprises and mid-sized companies.

A KODIT official said, "This is the first support case in the secondary battery sector," adding, "The scope of support has expanded further to include batteries following automobiles and shipbuilding." He emphasized, "We will continue to strive to support innovative projects in various industries in the future."

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