iM Bank Signs Agreement with Gyeongsangbuk-do and Korea Credit Guarantee Fund to Promote Community-Based Private Investment

Joining Forces to Expand Public Facilities

iM Bank announced on July 30 that it had signed a "Business Agreement for the Promotion of Community-Based Private Investment Projects" with Gyeongsangbuk-do Province and the Korea Credit Guarantee Fund at the Gyeongsangbuk-do Provincial Government Office.

This agreement was established to build a cooperative system aimed at expanding community-based private investment projects and improving the living environment for residents in the Gyeongsangbuk-do region through the enhancement of living SOC (Social Overhead Capital) facilities. "Living SOC" refers to public facilities established for the purpose of promoting public welfare, such as public libraries, public kindergartens, and public sports facilities. Under this agreement, Gyeongsangbuk-do will open living SOC establishment projects within the province to the private sector. For private project operators selected by Gyeongsangbuk-do, the Korea Credit Guarantee Fund will provide consulting in legal and financial fields and offer credit guarantees.

Lee Youngwoo, Director of the Credit Guarantee Fund (right), Yang Geumhee, Deputy Governor of Gyeongsangbuk-do for Economic Affairs (center), and Seo Jungoh, Head of the Credit Group at iM Bank (left), are posing for a commemorative photo at the "Business Agreement Ceremony for the Activation of Community-Based Private Investment Projects" held at the Gyeongbuk Provincial Government Office on the 30th. iM Bank

iM Bank will provide project financing (PF) loans secured by credit guarantees from the Korea Credit Guarantee Fund. By collaborating with Gyeongsangbuk-do and the Korea Credit Guarantee Fund, iM Bank plans to actively attract private investment and expand living convenience facilities within the province, thereby working together to improve the living conditions of local residents.

Seo Jeongo, Head of the Credit Group at iM Bank, stated, "This agreement is highly significant as it represents mutual cooperation between commercial banks and public institutions to overcome the crisis of local extinction and achieve balanced regional development. iM Bank will actively cooperate to help make Gyeongsangbuk-do a better place to live."