Kolmar Korea Joins K-Beauty Export Financing Support... KRW 174 Billion in Financial Benefits for SME Partners

MOU Signed with Korea Trade Insurance Corporation and Woori Bank

Financial Support for 160 Partner Companies

The Only Cosmetics Manufacturer Participating

Strengthening the K-Beauty Supply Chain

Kolmar Korea is participating as a contributing company in a government-led export financing support program, aiming to strengthen the export competitiveness of K-beauty. In collaboration with Korea Trade Insurance Corporation and Woori Bank, the company plans to reduce the financial burden for small and medium-sized client companies and partners, while enhancing the stability of export supply chains.

On April 14, Kolmar Korea announced that it had signed a Financial Business Agreement (MOU) with Korea Trade Insurance Corporation and Woori Bank at the main conference hall of the Korea Trade Insurance Corporation in Jongno-gu, Seoul, to strengthen the export supply chain of the K-consumer goods (beauty & health) industry. The signing ceremony was attended by Kim Jungkwan, Minister of Trade, Industry and Energy; Jang Youngjin, President of Korea Trade Insurance Corporation; Choi Hyunkyoo, CEO of Kolmar Korea; and Chung Jinwan, President of Woori Bank.

On the 14th, at the Memorandum of Understanding signing ceremony between Korea Trade Insurance Corporation, Kolmar Korea, and Woori Bank, Hyunkyoo Choi, CEO of Kolmar Korea (second from left), Jungkwan Kim, Minister of Trade, Industry and Energy (second from right), Jinwan Jung, President of Woori Bank (left), and Youngjin Jang, President of Korea Trade Insurance Corporation (right), are taking a commemorative photo. Kolmar Korea

According to the agreement, three Kolmar Group companies (Kolmar Korea, Kolmar BNH, and Yonwoo) will contribute a total of KRW 10 billion together with Woori Bank, providing financial benefits totaling KRW 174 billion to more than 160 small and medium-sized partner companies.

Eligible companies will receive a variety of financial support, such as guarantee fee subsidies, expanded guarantee limits, preferential guarantee periods of up to three years, and preferential guarantee fee rates. Through this, partner companies are expected to secure export operating funds more stably without the burden of providing separate collateral.

This initiative is part of the 'Export Supply Chain Enhancement Guarantee' program introduced by Korea Trade Insurance Corporation, in which contributing companies and financial institutions jointly raise funds to provide preferential guarantees and loan support to partner mid-sized and small enterprises.

Kolmar Korea is the only cosmetics manufacturer participating as a contributing company in the K-consumer goods sector (beauty and healthcare). Its subsidiary Yonwoo and affiliate Kolmar BNH have also joined in funding, expanding support at the group level.

Amid rising external uncertainties, such as conflicts in the Middle East and U.S. tariff policies, the need for small and medium-sized enterprises to secure funding and stabilize supply chains is growing. In this context, group affiliates spanning the cosmetics, health functional food, and packaging industries are participating together, broadening the scope of support.

Eligible companies are recommended by Kolmar Korea based on applications from client companies and partners, and the final selection is made after a review by Korea Trade Insurance Corporation.

A Kolmar Korea official stated, "It is very meaningful to participate in a program that can contribute to strengthening industrial competitiveness in line with the government's export support policy," adding, "Based on the group's experience in mutual growth, we will continue to support promising companies so that they can secure competitiveness in the global market."

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