KB Kookmin Bank to Provide Guarantee-Backed Loans for K-Content Companies Worth 100 Billion Won

On October 16, KB Kookmin Bank announced that it had signed a "K-Content Enterprise Financial Support Agreement" with the Korea Creative Content Agency, Korea Credit Guarantee Fund, and Korea Technology Finance Corporation.

Through this agreement, KB Kookmin Bank and the Korea Creative Content Agency plan to pursue a variety of collaborative initiatives, including: supporting the activation of policy finance for cultural content companies; providing financial support for global content companies seeking overseas expansion; facilitating mutual exchanges and talent development for specialized professionals; and discovering cooperative projects aimed at strengthening financial support for content companies.

KB Kookmin Bank will provide 1 billion won each in guarantee fee support funds to the Korea Credit Guarantee Fund and the Korea Technology Finance Corporation, enabling the supply of guarantees totaling approximately 100 billion won. Eligible companies can receive a guarantee fee support of 1.0 percentage point per year for two years, totaling 2.0 percentage points. If linked with policy funds for cultural content companies, an additional interest support benefit of 2.5 percentage points for one year is also available.

Eligible recipients for guarantee fee support include companies covered by the Korea Credit Guarantee Fund’s cultural industry completion guarantee and cultural industry specialized guarantee, as well as companies covered by the Korea Technology Finance Corporation’s cultural industry completion guarantee and knowledge cultural industry guarantee. This encompasses production companies involved in planning, producing, and commercializing content, as well as companies utilizing content intellectual property (IP). This support covers companies in the "C (Content)" sector, one of the government’s core strategic industries. The bank explained that this initiative is expected to help underpin productive finance and policies fostering future growth industries.

A KB Kookmin Bank representative stated, "We hope this will provide practical help for K-Content companies to secure sustainable competitiveness in the global market," adding, "We will continue to support the growth of promising industries based on productive finance and expand financial support for small and medium-sized enterprises through various programs."