Loan Interest Rate Reduced Up to 3.43% for Transparent Management Practice Companies... Gyeongbuk Development Corporation-IBK Industrial Bank Win-Win Fund Agreement
President Lee Jae-hyuk of Gyeongbuk Development Corporation (left) and Kim Guk-chan, Head of IBK Industrial Bank, are holding up the certificate after signing the Win-Win Growth Cooperation Fund agreement.
View original image[Asia Economy Yeongnam Reporting Headquarters Reporter Koo Dae-seon] Gyeongbuk Development Corporation signed an agreement on the 3rd with IBK Industrial Bank of Korea for a 4 billion KRW 'ESG Co-Growth Cooperation Win-Win Fund' to revitalize the local economy.
According to this agreement, IBK Industrial Bank of Korea will provide financial support up to 4 billion KRW based on a deposit of 2 billion KRW raised by Gyeongbuk Development Corporation, a representative public enterprise in the Gyeongbuk region, to ESG excellent companies that have practiced transparent management such as eco-friendliness, social responsibility, and governance improvement in the Gyeongbuk area.
The support target companies will prioritize ESG management-promoting companies and job-creating excellent companies in the Gyeongbuk region, and the loan limit is up to 200 million KRW per company.
Selected companies can receive a basic interest rate reduction of 2.03% when taking out loans, and IBK Industrial Bank of Korea will provide additional interest rate reductions depending on credit rating and transaction contribution, allowing for a maximum interest rate reduction benefit of 3.43%.
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Lee Jae-hyuk, president of Gyeongbuk Development Corporation, said, “As the unique ESG win-win fund of Gyeongbuk Development Corporation has been launched, I hope it will contribute to revitalizing the Gyeongbuk regional economy and promoting ESG management culture.” He added, “Gyeongbuk Development Corporation will continue to promote win-win cooperation as a representative public enterprise of Gyeongbuk Province and strive to realize the happiness of the residents.”
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