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[Asia Economy Reporter Kangwook Cho] On the 20th, the Korea Development Bank announced that it approved 15 billion KRW in facility funding for Nepes Arc, a domestic system semiconductor back-end process company, utilizing the ultra-low interest rate product "Facility Investment Boom-up Program" launched on the 10th.
This program was established to promote new investments by small and medium-sized enterprises and mid-sized companies in accordance with the 2020 economic policy direction announced by the government. By applying a groundbreaking minimum interest rate of 1.5%, it is expected to greatly contribute to revitalizing facility investment this year compared to existing loan products.
Nepes Arc is a system semiconductor test specialist company responsible for the back-end process in the system semiconductor business chain. It has been expanding its facilities to respond to the recently increasing demand for system semiconductor testing. This low-interest financial support has made stable facility investment possible.
In addition, the Korea Development Bank is currently consulting with many companies interested in ultra-low interest rate facility investments using this program and is reviewing support for about 7 to 8 companies, so the scale of support is expected to continue to increase in the future.
A Korea Development Bank official said, "Through this program, we will contribute not only to strengthening the competitiveness of the materials, parts, and equipment industry, which has become a national task since the Japanese export restrictions, but also to revitalizing the economy through the expansion of companies' facility investments."
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