KB Kookmin Bank Provides 60 Billion KRW in Financial Support to Hyundai Motor Group Partner Companies

Credit Guarantee Fund Signs Business Agreement with Hyundai Motor Group for "Promoting Global Expansion of Future Mobility"
Preferential Benefits Including Guarantee Limits, Ratios, and Fee Rates Also Provided

On April 29, KB Kookmin Bank announced that it has signed a business agreement with Hyundai Motor Group and Korea Credit Guarantee Fund to promote the global expansion of future mobility, and will provide a total of 60 billion KRW in financial support to Hyundai Motor Group's partner companies.

This agreement was established to support partner companies participating in Hyundai Motor Group's "Overseas Export Joint Project." KB Kookmin Bank and Hyundai Motor Group will each contribute 2 billion KRW, totaling 4 billion KRW, as a special fund to Korea Credit Guarantee Fund, and will provide loans totaling 60 billion KRW using the agreement guarantee certificate as collateral.

The support targets are small and medium-sized enterprises (SMEs) and mid-sized companies recommended by Hyundai Motor Group that participate in the "Joint Project."

Eligible companies can receive a preferential guarantee certificate with a 100% guarantee ratio and a fixed guarantee fee rate of 0.8% for five years. The guarantee limit is up to 7 billion KRW for mid-sized companies and up to 3 billion KRW for SMEs. In addition, KB Kookmin Bank, through a separate agreement with Korea Credit Guarantee Fund, will cover the entire guarantee fee for the first year and provide a 0.3 percentage point reduction in the guarantee fee for the following two years, thereby helping partner companies reduce their financial costs.

A representative from KB Kookmin Bank stated, "We hope this financial support will help automotive-related companies, who are struggling due to continued sluggish domestic demand and the United States' reciprocal tariff measures, to overcome funding difficulties and achieve management stability," adding, "We will continue to expand various financial support programs to help companies achieve sustainable growth and development."