Shinbo Provides 16.5 Billion Won Guarantee to 8 Samsung Display Partners

First 'Overseas Export Joint Project Guarantee' of the Year
Guarantee Ratio of 90%... Loan Interest Rates Reduced by Up to 1.5% Points

The Korea Credit Guarantee Fund announced on the 31st that it will support a total of 16.5 billion KRW in 'Overseas Export Joint Project Guarantees' for eight partner companies of Samsung Display.

Exterior view of the Credit Guarantee Fund headquarters.

This product evaluates business feasibility based on new industry export projects rather than the existing company-level screening method, providing timely and collective guarantees to participating partner companies. As the first guarantee of this year, support was provided to partners participating in Samsung Display's 'Premium Small and Medium-sized OLED Display Panel Production and Export Project.'

Participating companies in the project are offered preferential benefits, including a guarantee ratio of 90% and a fixed guarantee fee rate of 0.8%. According to the 'Comprehensive Export Finance Support Plan' announced by the government in August 2023, loan interest rates are reduced by up to 1.5 percentage points.

Since 2020, the Korea Credit Guarantee Fund has supported a total of 557.5 billion KRW in joint project guarantees for 400 small and medium-sized enterprises and mid-sized companies.

A representative from the Korea Credit Guarantee Fund stated, "We will continue to actively support projects with excellent innovation and business feasibility to ensure smooth progress, thereby enhancing national economic vitality and supporting win-win cooperation between large and small and medium-sized enterprises."

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