Jeonbuk Bank Signs Productive Financial Support Agreement with Korea Technology Finance Corporation

On August 27, Jeonbuk Bank signed a "Financial Business Agreement for Productive Financial Support with Regional Banks for Technology-Driven Balanced Growth" at the headquarters of the Korea Technology Finance Corporation (KIBO).

This agreement, conducted in collaboration with KIBO to strengthen the competitiveness of strategic industries such as pharmaceuticals and biotechnology in the region, will see Jeonbuk Bank and six other regional banks cooperate with KIBO to support region-specific strategic industries. They plan to provide productive financing worth 1 trillion won by linking guarantees and loans. The aim is to accelerate the growth of innovative companies, support their global expansion, and lead balanced national development.

Baek Jongil, CEO of Jeonbuk Bank, stated, "Based on this agreement, we will provide stable financial support to pharmaceutical and biotechnology companies throughout the entire process, from research and development to commercialization and global expansion." He added, "We will do our best to serve as a partner that not only offers simple funding but also helps companies strengthen their growth capabilities."

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