IBK Industrial Bank and Gongyoung Home Shopping Launch 'Win-Win Fund' to Support Partner Companies
Kwangjin Choi, Vice President of IBK Industrial Bank CIB Group (right), and Seongho Jo, President of Gongyeong Home Shopping (left), are posing for a commemorative photo after signing the agreement.
View original image[Asia Economy Reporter Bu Aeri] IBK Industrial Bank announced on the 26th that it has signed a win-win fund agreement to jointly support partner companies with Gongyoung Home Shopping.
Through this agreement, IBK Industrial Bank will create a loan limit of 30 billion KRW using 20 billion KRW of Gongyoung Home Shopping's deposits as funds. Low-interest loans will be provided to partner companies recommended by Gongyoung Home Shopping.
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The loan interest rate will be automatically reduced by 2.6 percentage points within the recommended amount by Gongyoung Home Shopping. An additional reduction of up to 1.4 percentage points will be applied depending on transaction contribution and credit rating.
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