KB Kookmin Bank Makes Special Contribution of 13 Billion Won to KOTEC...Expands Productive Finance

Support for 30 Billion Won in Guaranteed Collateral Loans
Planned Support for Loans Exceeding Approximately 1.1 Trillion Won This Year

KB Kookmin Bank announced on February 26 that it will work with the Korea Technology Finance Corporation (KOTEC) to expand productive finance in order to foster future strategic industries.

This initiative follows the "A to F Productive Financial Support Business Agreement for Fostering Future Strategic Industries" signed by the two parties on February 25. KB Kookmin Bank plans to make a special contribution of 13 billion won to KOTEC to support guaranteed collateral loans totaling 430 billion won.

The support will be offered to small and medium-sized enterprises (SMEs) that are engaged in future strategic industries and possess outstanding technological capabilities in ▲ A (A.I.) ▲ B (Bio) ▲ C (Contents & Culture) ▲ D (Defence) ▲ E (Energy) ▲ F (Factory). Companies that have received KB ESG consulting, tenants of the KB Innovation Hub Center, and companies that have hired employees through the KB Good Job Job Fair will also be eligible.

Companies eligible under the agreement guarantee program can either receive a guarantee certificate from KOTEC with a preferential 100% guarantee ratio for three years, or obtain support from the bank for guarantee fees totaling 1.6 percentage points over two years, at 0.8 percentage point per year.

In addition, KB Kookmin Bank is continuing to provide financial support for local small business owners and SMEs, thereby contributing to balanced regional development. Through special contributions totaling 70 billion won this year, KB Kookmin Bank plans to support more than 1.1 trillion won in loans, helping small business owners and SMEs secure funding smoothly.

A KB Kookmin Bank representative said, "This support has been prepared to assist SMEs with outstanding technological capabilities and to foster future growth engines," adding, "We will continue to expand productive finance to underpin the sustainable growth of South Korea's industrial ecosystem."