[Exclusive] Industrial Bank of Korea Also Supports Advanced Industry SMEs... New Specialized Loans for Battery, Bio, etc. Established

This Year, SME Value-Up Support Package Introduced
New Support Measures Aligned with Government's Advanced Industry Fund
Exclusive Products for Core Industries like Batteries and Bio
Minimum Support Scale Set at 7 Trillion Won Plus Alpha

In line with the government's advanced industry support policies, Industrial Bank of Korea (IBK) will also establish new loan products to support small and medium-sized enterprises (SMEs) in the advanced industry sector. In particular, it will focus on loans and facility investment support specialized for key industries such as semiconductors, batteries, and bio. While the Financial Services Commission supports key industries through the 'Advanced Industry Fund,' IBK plans to nurture the advanced industry value chain through the 'SME Value-Up Support Package.'

According to the office of Kim Jae-seop, a member of the People Power Party, on the 18th, IBK recently submitted the '2025 Business Plan' containing these details to the Financial Services Commission.

The SME Value-Up Support Package is a project aimed at fostering innovative growth and strategic industries. It expanded the support scale by adding advanced industry loans and facility investment products to the existing programs.

The budget for the Value-Up Support Package amounts to at least 7 trillion won. It allocated 2.5 trillion won for fostering innovative growth and strategic industries, and 4.5 trillion won for facility investment support. The fund size may increase depending on circumstances.

This year, newly created products in the innovative growth and strategic industry sector include the 'Industrial Complex Business Support Program' (1 trillion won) and the 'Advanced Technology Enterprise Development Fund Loan' (500 billion won). An IBK official explained, "Until now, there were no loan products specialized for advanced industries such as battery and bio companies, but in line with the government's 'Advanced Industry Fund' policy, we have established the 'Advanced Technology Enterprise Development Fund Loan' and will support related SMEs this year."

Regarding facility investment, a new low-interest loan product was also created. The 'Win-Win Facility Investment Loan' alone was allocated 500 billion won. The Special Facility Fund Support Program and the ESG (Environment, Social, Governance) Management Success Support Facility Fund are each expected to disburse 2 trillion won.