Yangju City Partners with IBK Industrial Bank of Korea to Strengthen Financial Support for Technovalley and Eunnam Industrial Complex Resident Companies

Yangju City Signs MOU with IBK Industrial Bank of Korea
"Loans Covering Up to 80% of Industrial Complex Sale Price"

On March 4, Yangju City in Gyeonggi Province signed a financial support memorandum of understanding (MOU) with IBK Industrial Bank of Korea to support companies scheduled to move into Gyeonggi Yangju Technovalley and Eunnam General Industrial Complex.

Kang Suhyun, mayor of Yangju City (left), signed a financial support memorandum of understanding (MOU) on the 4th with IBK Industrial Bank of Korea and companies scheduled to move into Gyeonggi Yangju Technovalley and Eunnam General Industrial Complex. Provided by Yangju City

This agreement was promoted to lower the financial barriers for companies moving into the industrial complexes amid volatile global economic conditions, and to secure growth momentum for these businesses.

According to the agreement, companies recommended by Yangju City can receive a variety of financial benefits through IBK Industrial Bank of Korea, including loans covering up to 80% of the land sale price, preferential interest rates according to internal regulations, and loans for construction costs and operating funds.

With this partnership, Yangju City has further strengthened its financial support system for resident companies by expanding its cooperative relationships beyond existing partners—KDB Industrial Bank, Shinhan Bank, Hana Bank, and NongHyup Bank—to include IBK Industrial Bank of Korea.

In particular, this agreement is expected to further enhance the competitiveness of sales for Gyeonggi Yangju Technovalley, scheduled for completion in 2026, and Eunnam General Industrial Complex, set for completion in 2027, as well as serve as a catalyst to attract investment from promising companies.

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