KB Kookmin Bank Makes Special Contribution of 140 Billion KRW in Technology Guarantees for Small and Venture Businesses

Signed Business Agreement with Korea Technology Finance Corporation to Support Small and Venture Businesses
Providing Funding of Approximately 140 Billion KRW Through a Total Contribution of 5 Billion KRW
Offering Preferential Guarantee Ratios and Reduced Guarantee Fees

▲On the 18th, at the new building of KB Kookmin Bank located in Yeongdeungpo-gu, Seoul, Lee Jaepil, Standing Director of the Korea Technology Finance Corporation (left), and Song Yonghun, Vice President of KB Kookmin Bank Corporate Customer Group (right), are posing for a commemorative photo. Provided by KB Kookmin Bank.

KB Kookmin Bank announced on the 21st that it had signed a financial support agreement titled "Korea's Real Growth" with the Korea Technology Finance Corporation on the 18th. The agreement aims to foster future growth industries and establish a foundation for growth for small and venture businesses.

Through this agreement, KB Kookmin Bank will contribute a total of 5 billion KRW (4 billion KRW as a special contribution and 1 billion KRW for guarantee fee support) and provide funding of approximately 140 billion KRW using the agreement guarantee certificate as collateral.

Companies eligible for the special contribution agreement guarantee can receive a preferential guarantee certificate, which includes a 100% guarantee ratio for three years and a reduction of 0.2 percentage points in the guarantee fee rate. In addition, companies eligible for the guarantee fee support agreement will receive an annual guarantee fee support of 0.5 percentage points for three years, thereby reducing their financial costs.

The support targets are largely divided into future strategic industries and the fields of energy transition and industrial advancement. Future strategic industries include AI (artificial intelligence), semiconductors, pharmaceuticals, bio, digital healthcare, and defense companies. The fields of energy transition and industrial advancement include renewable energy transition, carbon neutrality practices, and climate tech companies.

A KB Kookmin Bank representative stated, "We hope that this agreement will provide practical support for companies' research and development," adding, "We will continue to contribute to strengthening the competitiveness of Korea's future industries through various programs."

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