iM Bank Makes a Special Contribution of 5 Billion Won to Korea Technology Finance Corporation

iM Bank announced on the 28th that it has signed a "Financial Support Business Agreement for Fostering New Growth 4.0 Strategic Sectors" with the Korea Technology Finance Corporation (Kibo).

This agreement was established to support the government's core policies such as the "New Growth 4.0 Strategy" and the "Comprehensive Export Finance Support Plan," aiming to overcome the complex economic crisis and foster strong small and medium-sized enterprises (SMEs) through SME financial support. iM Bank will make a special contribution of 5 billion KRW in guarantee funds to Kibo for SME financial support.

Based on the 5 billion KRW guarantee funds contributed by iM Bank to Kibo, financial support of up to 100 billion KRW is expected to be provided following Kibo's technology evaluation.

Loan applications proceed by visiting a nearby Kibo branch for technology evaluation and guarantee approval, after which the applicant visits the designated iM Bank branch to complete the loan agreement process.

Loan conditions include a full guarantee of the loan amount by Kibo for three years, with preferential benefits such as a 0.2 percentage point reduction in guarantee fees and interest rate discounts.

The loan targets are broadly divided into two sectors: new growth 4.0 and export enterprise development, and economic revitalization in the Daegu-Gyeongbuk region. Specifically, eligible companies include technology startups, export companies, sustainable growth companies, and companies engaged in future strategic industries that meet Kibo's technology guarantee requirements.

For SMEs with headquarters or main business sites located in the Daegu-Gyeongbuk area, a separate limit will be established to support regional economic revitalization.

Hwang Byung-woo, President of iM Bank, stated, "Through this contribution, we aim to provide extensive support to technology-driven SMEs regardless of region or size," adding, "iM Bank will serve as a springboard to help companies take a leap forward."

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