Agreement on Nurturing New Growth Strategy Areas with Kibo and iM Bank through MOU

Special Guarantee Program Worth 100 Billion KRW Launched
Support for New Growth 4.0 and Daegu-Gyeongbuk Strategic Industries

The Korea Technology Finance Corporation (Kibo) announced on the 28th that it has signed a financial support business agreement with iM Bank for the 'New Growth 4.0 Strategic Sectors and Daegu-Gyeongbuk Strategic Industry Development.'

This agreement was prepared for both organizations to overcome the complex economic crisis and revitalize the regional economy in line with major government policies such as the 'New Growth 4.0 Strategy,' 'Comprehensive Export Finance Support,' and 'Customized Corporate Finance Support Plans.'

Kibo Technology Guarantee Fund Headquarters. Provided by Kibo Technology Guarantee Fund

According to the agreement, Kibo will supply a total of 100 billion KRW in guarantee agreements, funded by iM Bank's special contribution of 5 billion KRW. Of this, 60 billion KRW will be allocated to the New Growth 4.0 and Export Company Development Special Contribution Guarantee, and 40 billion KRW will be allocated to the Daegu-Gyeongbuk Economic Revitalization Win-Win Special Contribution Guarantee.

Kibo plans to ease the financial burden on small and medium-sized enterprises (SMEs) by offering benefits such as increasing the guarantee ratio up to 30 billion KRW (from 85% to a maximum of 100% for three years) and reducing guarantee fees (up to 0.2 percentage points for three years) for this guarantee.

The support targets for the New Growth 4.0 and Export Company Development Special Contribution Guarantee are SMEs that meet Kibo's technology guarantee requirements and are engaged in new technology businesses in areas including ▲New Growth 4.0 ▲Export Company Support ▲Startup Ecosystem Creation ▲SME Competitiveness Enhancement ▲Sustainable Growth.

The support targets for the Daegu-Gyeongbuk Economic Revitalization Win-Win Special Contribution Guarantee are SMEs that meet Kibo's technology guarantee requirements and have their headquarters or main business sites located in the Daegu-Gyeongbuk region.

Kim Jong-ho, Chairman of Kibo, stated, "We will continue to expand collaboration with related organizations to resolve management difficulties faced by small and medium venture businesses and do our best to strengthen technological competitiveness in strategic industry sectors and restore the livelihood economy through various win-win financial supports linked to policy assistance."

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