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KIBO and KB Kookmin Bank Partner to Boost Competitiveness of Industrial Complex Firms
Finance · Major Banks · yonhap_finance · 2026-08-27
The Korea Technology Finance Corporation and KB Kookmin Bank have launched a 175 billion won financing program to support companies in industrial complexes.
What Happened
Strategic Partnership: The Korea Technology Finance Corporation (KIBO) and KB Kookmin Bank have signed an agreement to enhance the competitiveness of companies located in industrial complexes. The initiative aims to foster balanced regional growth by expanding financial support for promising local businesses.
Funding Initiative: The two institutions will provide a total of 175 billion won in guaranteed financing. This includes a 50 billion won special guarantee program funded by a 2.5 billion won contribution, alongside an additional 125 billion won program supported by guarantee fee subsidies.
Enhanced Benefits: Eligible companies will benefit from increased guarantee ratios and reduced guarantee fees. These measures are designed to lower the financial burden on businesses and improve their overall operational stability.
Targeted Support: The program targets technology-based businesses, including those in industrial complexes, venture firms, and Inno-Biz certified companies. Both organizations plan to continue their collaboration to revitalize regional economies and strengthen corporate competitiveness.