Daegu Bank Signs Financial Agreement to Support Secondary Battery Material Company POSCO Future M with 500 Billion KRW
DGB Daegu Bank (President Hwang Byung-woo) signed a financial support agreement (MOU) with POSCO Future M (CEO Kim Jun-hyung) on the 2nd at the Suseong-dong headquarters in Suseong-gu to strengthen competitiveness in eco-friendly secondary battery materials and establish a foundation for ESG management.
Through this agreement, DGB Daegu Bank plans to cooperate in providing financial support of up to 500 billion KRW over three years to enhance the competitiveness of POSCO Future M's anode and cathode materials business, including facility investments and raw material purchases for eco-friendly secondary battery materials. The two companies agreed to actively strive for close cooperation and the establishment of an ESG management foundation for mutual development in the future.
Hwang Byung-woo, President of Daegu Bank, and Kim Jun-hyung, CEO of POSCO Future M, are posing for a commemorative photo after signing a financial support business agreement.
View original imagePOSCO Future M is the only domestic company that simultaneously produces both anode and cathode materials for secondary batteries. In line with the growth of the global electric vehicle market, it is expanding domestic and overseas investments to establish global top-tier material production capabilities. Through this agreement, by securing stable investment funds, the company expects to strengthen its global competitiveness as a leading eco-friendly future materials company and grow together with DGB Daegu Bank.
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Hwang Byung-woo, President of Daegu Bank, stated, “We will fulfill our role as a reliable partner by providing generous financial support so that eco-friendly secondary battery material companies, which will be the future new growth engine of Korea, can gain competitiveness in the global market. We also hope to achieve mutual development through the establishment of an ESG management foundation and close cooperation in various fields going forward.”
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