KB Kookmin Bank Signs Agreement to Support Growth of K-Content Companies
Special Contribution of 1 Billion Won to Korea Credit Guarantee Fund
Support for 20 Billion Won in Guarantee-Backed Loans
Three-Way Agreement Signed with Korea Creative Content Agency
On May 13, KB Kookmin Bank announced that it had signed the “K-Content Productive Financial Support Agreement” with Korea Credit Guarantee Fund and Korea Creative Content Agency.
This financial business agreement is part of the KB Kookmin Happiness Growth Project led by KB Financial Group, and has been established to promote the sustainable growth of companies operating within the cultural industry. KB Kookmin Bank will make a special contribution of 1 billion won to the Korea Credit Guarantee Fund, supporting guarantee-backed loans worth 20 billion won. Korea Creative Content Agency will be responsible for discovering and recommending outstanding content companies by conducting content value assessments. Based on this collaboration, the three organizations plan to provide tailored support for content companies.
Eligible recipients include companies involved in credit guarantee fund’s culture industry completion guarantees and culture industry specialized guarantees, such as production companies and content IP utilization firms engaged in planning, producing, and commercializing content. Selected companies will be able to receive guarantee certificates covering 100% of the loan amount for three years. In addition, if linked with the “Cultural Content Company Interest Subsidy Agreement Loan,” they can receive an interest subsidy of 2.5 percentage points for one year.
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Furthermore, KB Kookmin Bank is strengthening its support for the “C (Contents)” field, one of its core strategic industries. Last year, it contributed 1 billion won each to the Korea Credit Guarantee Fund and Korea Technology Finance Corporation as guarantee fee support, supplying guarantee certificates worth approximately 100 billion won, and providing selected companies with a total guarantee fee subsidy of 2.0% (1.0 percentage point per year for two years).
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