IBK, 400 Billion KRW Support for 'SME M&A Financial Support Package'

2nd Year Business 400 Billion Investment and Financing... 3-Year Goal of 4 Trillion

IBK Industrial Bank announced on the 12th that it will support 400 billion KRW in investment and loans through the second year of the 'SME M&A Financial Support Package' project, aimed at building a growth ladder for small and medium-sized enterprises (SMEs) and revitalizing mergers and acquisitions (M&A).

Provided by Industrial Bank of Korea

Of the 400 billion KRW supported through this project, 250 billion KRW in investment will be operated through funds such as the 'Win-Win Leap Fund' for SME growth support and the 'SME Growth M&A Fund' for SME M&A support. Additionally, loans supplied in the form of acquisition financing will be expanded by 50 billion KRW from last year to a total of 150 billion KRW to further activate SME M&A.

Through the first year of the project, IBK Industrial Bank supported 300 billion KRW in investment and loans, and with strong market response, an additional 1.3 trillion KRW of private capital was raised, resulting in a total support of 1.6 trillion KRW.

An IBK Industrial Bank official stated, "We will proceed with the second year of the project in a market-friendly manner reflecting market opinions, while ensuring that the original purpose of supporting SME growth is not compromised," and added, "Through this project implementation, we expect to provide financial support worth 1.8 trillion KRW, including additional attraction of private capital."

Meanwhile, through the SME M&A Financial Support Package, IBK Industrial Bank plans to supply 1 trillion KRW in investment and loans over three years, aiming to create a total market of 4 trillion KRW by providing customized financial support according to the SME growth cycle and discovering SME M&A projects that have been neglected in the market.