The Korea Technology Finance Corporation (hereinafter referred to as the “KIBO”) announced on the 25th that it had signed a “Business Agreement for Mutual Financial Support for Technology SMEs in the Honam Region” with Hana Bank.
This agreement was prepared to support the stable business activities of small and medium-sized technology companies in the Honam region by establishing a close cooperative system between the two organizations and to contribute to the self-reliant growth and dynamic economy of the region.
According to the agreement, Kibo will provide a special contribution agreement guarantee totaling 10 billion won, with 500 million won from Hana Bank as the source of funds. The target of the support is small and medium-sized enterprises that are new technology business operators that meet Kibo’s technology guarantee requirements and whose headquarters or main business site is located in the Honam region.
The company can receive up to KRW 300 million in operating funds, and will be eligible for preferential benefits such as ▲increased guarantee ratio (from 85% to up to 100%, for 3 years) and ▲guarantee fee reduction (up to 0.2%p↓, for 3 years).
Through this agreement, the two organizations plan to actively support the revitalization of the regional technology startup ecosystem by expanding the financial infrastructure concentrated in the metropolitan area to the regions and linking it with customized support programs to reduce financial costs for technology SMEs.
Woo Seung-gu, Vice President of Honam Sales Group at Hana Bank, who attended the signing ceremony, said, “This agreement is a model of cooperation that coexists with the local community and designs the future together. We will continue to provide active financial support so that small and medium-sized technology companies can grow without being swayed by the external environment.”
Oh Eun-sik, head of the Honam Regional Headquarters of Kibo, said, “This agreement has established a collaborative plan to discover and foster excellent small and medium-sized venture companies in the Honam region,” and added, “Kibo will continue to expand customized support for local technology companies and take the lead in revitalizing the local economy.”
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