KB Kookmin Bank, SK Hynix, Korea Trade Insurance Corp. Join Hands to Strengthen Semiconductor Export Supply Chain
TECHWORLD ·
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KB Kookmin Bank, SK Hynix, and the Korea Trade Insurance Corp. signed a memorandum of understanding on strengthening the semiconductor export supply chain at the Yongin semiconductor cluster on the 19th. The three institutions decided to jointly push ahead with strengthening the semiconductor export supply chain and improving financing conditions for SK Hynix’s outstanding suppliers. KB Kookmin Bank and SK Hynix will contribute to a joint special fund, and the Korea Trade Insurance Corp. will use it to provide preferential guarantees worth a total of KRW 250 billion.
KB Kookmin Bank, SK Hynix, and the Korea Trade Insurance Corp. signed a memorandum of understanding on strengthening the semiconductor export supply chain at the Yongin semiconductor cluster on the 19th. The Yongin semiconductor cluster is being developed as a production hub for K-semiconductors.
Through the agreement, the three institutions decided to jointly push ahead with strengthening the semiconductor export supply chain and improving financing conditions for SK Hynix’s outstanding suppliers.
Accordingly, KB Kookmin Bank and SK Hynix will each contribute to a joint special fund, and the Korea Trade Insurance Corp. will provide preferential guarantees worth a total of KRW 250 billion using the fund.
The beneficiaries are key suppliers recommended by SK Hynix. Based on the agreement, KB Kookmin Bank plans to continue offering financial support to SK Hynix suppliers.
In addition, KB Kookmin Bank plans to cover the full guarantee fee for three years, regardless of the loan amount. The move is intended to ease the financial burden on suppliers, allowing them to secure operating funds without paying guarantee fees.
KB Kookmin Bank said the purpose and expected effects of the agreement are to enhance the competitiveness of the domestic semiconductor industry and help establish a stable growth foundation for suppliers.
The bank also said it will continue to provide financial support for the growth of core national industries in line with this direction, and will keep supporting companies to strengthen their global competitiveness.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408418
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Source: TECHWORLD
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