Kibo and Export-Import Bank Sign Business Agreement on 'Supply Chain Stabilization Financial Support'

The Korea Technology Finance Corporation (Kibo) announced on the 22nd that it has signed a 'Financial Support Agreement for Supply Chain Stabilization' with the Export-Import Bank of Korea.

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This agreement was made to respond to changes in the global supply chain environment and to strengthen the domestic supply chain ecosystem. Additionally, it was established to resolve management difficulties in industries related to supply chain stabilization and to enhance industrial competitiveness.

According to the agreement, Kibo plans to actively respond to the global supply chain crisis by preferentially supporting guarantee loans worth 50 billion KRW linked to the Export-Import Bank of Korea's Supply Chain Stabilization Fund loans and providing benefits such as a reduction in guarantee fees (up to 0.4 percentage points↓ for 5 years).

Eligible companies include ▲ leading businesses in supply chain stabilization ▲ partner companies of leading businesses ▲ companies recognized by the Supply Chain Stabilization Fund Operation Deliberation Committee as pursuing supply chain stabilization projects. These companies will also receive preferential guarantee loans with interest rate reductions (up to 0.5 percentage points) from the bank.

Kim Jong-ho, Chairman of Kibo, stated, "This agreement has established support measures for supply chain recovery and expansion of growth engines through active policy financing for companies engaged in supply chain stabilization industries." He added, "Kibo will continue to respond to changes in the global supply chain environment through strategic collaboration with related organizations and contribute to supply chain stabilization through customized policy support."

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