BNK Kyongnam Bank Plays a Solid Partner Role in Gyeongnam's Key Industries

Holding a Meeting to Explore Support Measures
'Business Meeting and Mutual Growth Agreement' Implemented

BNK Kyongnam Bank has organized a meaningful event to support not only the revitalization of the local economy but also the mutual growth with companies in the region's key industries.

BNK Kyongnam Bank announced on the 9th that it held a meeting with local companies related to Gyeongnam’s key industries and signed the ‘Gyeongnam Key Industry Re-boost Mutual Growth Business Agreement’.

K-Chosun Agreement Ceremony.

The meeting and signing ceremony, held at K Shipbuilding (located in Jinhae-gu, Changwon), was attended by Bin Daein, Chairman of BNK Financial Group; Kim Taehan, President of BNK Kyongnam Bank; Lee Bokhyun, Governor of the Financial Supervisory Service; Kim Myeongju, Vice Governor for Economic Affairs of Gyeongsangnam-do; Seok Ukhee, Director of Key Industries at Gyeongsangnam-do; Lee Hyogeun, Chairman of Gyeongnam Credit Guarantee Foundation; Ban Jeongsik, Regional Innovation Director of Korea SMEs and Startups Agency; Choi Chungkyung, Chairman of Gyeongnam Social Integration Committee (Chairman of Gyeongnam Steel); Kim Chan, CEO of K Shipbuilding; Lee Sutae, CEO of Panasia; Choi Taehan, CEO of Taejin Heavy Industries; and Yoon Junhyuk, CEO of Sejin Industry, among others.

After touring the K Shipbuilding plant, the participants listened to the difficulties faced in business management and held a meeting to explore ways to support mutual growth.

After each participating company presented their challenges, BNK Kyongnam Bank, along with Gyeongnam Credit Guarantee Foundation and Korea SMEs and Startups Agency, proposed support measures for key industries in a discussion format.

In particular, BNK Kyongnam Bank explained various ongoing support programs for the revitalization of Gyeongnam’s key industries, including the Hope Dream Loan, Regional Re-boost Program, guarantee fee support for new growth strategic sectors and aerospace industry, and financial support for K-Shipbuilding exports and ESG carbon reduction technology companies, as well as plans for future support measures.

Subsequently, BNK Kyongnam Bank, Gyeongsangnam-do, Gyeongnam Credit Guarantee Foundation, and Korea SMEs and Startups Agency signed the ‘Gyeongnam Key Industry Re-boost Mutual Growth Support Business Agreement’.

According to the agreement, the four organizations will cooperate in providing administrative and financial support, policy projects, and financial resources for the revitalization of Gyeongnam’s key industries.

BNK Kyongnam Bank pledged to ensure that up to 780 billion KRW in funds can be smoothly provided to local companies.

Kim Taehan, President of BNK Kyongnam Bank, said, “Support for local key industries will serve as a catalyst to prevent regional decline and revitalize the local economy. BNK Kyongnam Bank plans to further strengthen Gyeongnam’s key industries through various supports such as issuing refund guarantees (RG) for shipbuilding advance payments and financial support for carbon reduction technology companies. In addition, BNK Kyongnam Bank will continue to support the further growth and development of Gyeongnam’s leading industries, including shipbuilding, defense, and aerospace.”

He added, “As a regional bank, BNK Kyongnam Bank will faithfully fulfill its original role. We will continue to strive to be a ‘reliable partner for the region’ by actively participating in local economic development and job creation.”

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