NongHyup Bank Strengthens On-Site Support for SMEs in Materials, Parts, and Equipment Industries

[Asia Economy Reporter Kwon Haeyoung] NH Nonghyup Bank announced on the 22nd that it will strengthen on-site support for small and medium-sized enterprises (SMEs) in the materials, parts, and equipment industries.

Oh Kyung-geun, Vice President of the Corporate Investment Finance Division at Nonghyup Bank, visited Ram Technology, a leading company in the industry affected by Japan's removal from the whitelist, to discuss working capital loans necessary for raw material procurement and to listen to the difficulties SMEs face on-site.

Vice President Oh said, "We will devise continuous financial support measures to strengthen the competitiveness of the materials, parts, and equipment industry."

Meanwhile, since Japan's export restrictions last year, Nonghyup Bank has been conducting surveys on SMEs in the related industries and providing various financial supports such as launching new products (NH Corporate Success Loan), offering special preferential interest rates, extending deadlines upon maturity, and deferring installment repayments.