BNK Gyeongnam Bank Signs Business Agreement with Korea Credit Guarantee Fund and Korea Technology Finance Corporation
Fostering Future Promising Industries and Supporting Export Companies
Financial Support with Guarantee Limits up to 250 Billion KRW
BNK Gyeongnam Bank announced on the 24th that it has signed separate ‘business agreements’ with the Korea Credit Guarantee Fund and the Korea Technology Finance Corporation to foster future promising industries and support export companies.
According to the business agreements, BNK Gyeongnam Bank will make a special contribution of 500 million KRW each to the Korea Credit Guarantee Fund and the Korea Technology Finance Corporation, providing funds up to a guarantee limit of 250 billion KRW.
The target of the ‘Financial Support Business Agreement for Fostering Global Super-gap Future Promising Industries’ signed with the Korea Credit Guarantee Fund includes ▲companies engaged in new growth engine industries ▲employment-creating companies ▲export SMEs and overseas expansion companies ▲promising startups ▲venture companies ▲and companies investing in [residing in] the Ulsan Advanced Secondary Battery Specialized Complex.
Through the ‘Financial Support Business Agreement for Fostering New Growth 4.0 Strategic Fields and Export Companies’ signed with the Korea Technology Finance Corporation, support will be provided to new technology businesses that meet the technology guarantee requirements of the Korea Technology Finance Corporation and fall under fields such as ▲New Growth 4.0 ▲export company support ▲startup ecosystem creation ▲SME competitiveness enhancement ▲sustainable growth (ESG) ▲and other bank-recommended companies (companies investing in [residing in] the Ulsan Advanced Secondary Battery Specialized Complex).
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Sangho Park, Executive Director of the Customer Marketing Headquarters, stated, “We have decided to establish a close cooperative system with the Korea Credit Guarantee Fund and the Korea Technology Finance Corporation to overcome the complex economic crisis and strengthen the momentum for national re-leap by expanding financial support for SMEs and reducing financial costs. We expect financial support for companies engaged in new growth and future promising industries to expand. Going forward, BNK Gyeongnam Bank plans to revitalize the regional economy through fulfilling social responsibilities and providing liquidity support as the representative regional bank.”
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