Shinbo Signs Business Agreement with Jeonbuk Bank for 'Korean New Deal Leading Companies Financial Support'

Headquarters building of the Korea Credit Guarantee Fund

[Asia Economy Reporter Kwangho Lee] The Korea Credit Guarantee Fund and Jeonbuk Bank announced on the 6th that they have signed a business agreement to support financing for leading companies in the Korean New Deal.

This agreement was established to build a cooperative financial support system between the Credit Guarantee Fund and Jeonbuk Bank for leading companies in the Korean New Deal, backing the government's Korean New Deal policy and promoting the transition to a digital and low-carbon economy.

According to the agreement, Jeonbuk Bank will make a special contribution of 1 billion KRW to the Credit Guarantee Fund, which will in turn provide special contribution guarantee support worth a total of 20 billion KRW to New Deal companies and others.

Through the guarantee agreement, the Credit Guarantee Fund will offer preferential treatment on guarantee rates (up to 100%) and guarantee fees (a 0.2 percentage point discount), while Jeonbuk Bank will assist New Deal companies in smooth financing through preferential interest rates.

The guarantee support targets New Deal companies, companies engaged in new growth engine industries, and job-creating companies, and applications can be made at Credit Guarantee Fund branches nationwide.

Yoon Dae-hee, Chairman of the Credit Guarantee Fund, said, "Through this agreement, we will establish a close cooperative relationship with Jeonbuk Bank and actively strive to respond to the government's regional balanced New Deal policy and foster regional New Deal industries."

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