POSCO Future M Provides Low-Interest Loans to Suppliers

Signed Business Agreement with Jungjingong
Market Bank Credit Loan Interest Rates at Half Level

POSCO Future M has partnered with the Small and Medium Business Corporation to provide low-interest loans to suppliers.

Gu Ja-hyun, Head of Purchasing Contracts at POSCO Future M (right in the photo), and Ban Jeong-sik, Regional Innovation Director at the Small and Medium Business Corporation (left in the photo), signed a win-win growth network loan agreement to support funding for small suppliers at the POSCO Future M Gwangyang anode material plant on the 14th.
[Photo by POSCO Future M]

On the 14th, POSCO Future M announced that it signed a business agreement with the Small and Medium Business Corporation at its anode material plant in Gwangyang, Jeonnam, to support the Win-Win Growth Network Loan.

According to this agreement, small and medium suppliers recommended by POSCO Future M can receive low-interest loans from the Small and Medium Business Corporation after signing delivery contracts. They can borrow up to 80% of the order amount without collateral, up to 1.5 billion KRW annually, with a loan term of up to one year until the payment date. The interest rate is about half that of credit loans from commercial banks.

The Small and Medium Business Corporation, a policy financial institution under the Ministry of SMEs and Startups, has been promoting the Win-Win Growth Network Loan as a new project since January to quickly support short-term production funds for small and medium enterprises.

Gu Ja-hyun, Head of Purchasing Contracts at POSCO Future M, said, "Through this agreement, suppliers can prepare for smooth deliveries while minimizing funding gaps, and POSCO Future M can achieve a win-win effect by enabling stable supply chain management."

Ban Jeong-sik, Regional Innovation Director at the Small and Medium Business Corporation, said, "We will continue to actively support the Win-Win Growth Network Loan to help establish a stable supply chain ecosystem for key regional industries."

This content was produced with the assistance of AI translation services.