Nonghyup Bank and Korea SMEs and Startups Agency Join Hands for Productive Finance

Published 28 Sep.2025 09:44(KST)

NH Nonghyup Bank announced on the 28th that it has signed a "Financial Business Agreement to Enhance Financial Accessibility and Strengthen Global Competitiveness for Small and Medium Venture Enterprises" with the Korea SMEs and Startups Agency.

Through this agreement, the two organizations will establish a productive financial cooperation system to foster outstanding domestic small and medium venture enterprises and support the strengthening of their global competitiveness. They also plan to jointly provide a stepping stone for the growth of promising small and medium venture enterprises.

The main contents of the agreement include: ▲ providing guaranteed loans and preferential interest rates to companies recommended by the Korea SMEs and Startups Agency, ▲ investing in agri-food funds for promising venture agri-food companies, ▲ recommending growth-sharing loans and conditional investment loans for startups outside the Seoul metropolitan area, ▲ participating in the "Preferential Savings Deduction for SME Employees" program, ▲ and offering preferential interest rates, exchange rates, and fees for outstanding export companies, as well as consulting services to support their overseas expansion.

Kang Taeyoung, CEO of NH Nonghyup Bank, stated, "Supporting small and medium-sized enterprises, the backbone of industry, is the bank's fundamental role," adding, "Nonghyup Bank will carry out enterprise-wide support activities, including productive finance, to drive the growth of small and medium venture enterprises."