
AI-generated summary
KB Kookmin Bank signed a business agreement with the Credit Guarantee Fund and the Korea Technology Finance Corporation to provide financial support for the Youth Startup Hope Ladder. This is an agreement to support startup revitalization and job creation by expanding financial support to young startups with innovative ideas and excellent technology.
KB Kookmin Bank signed a ‘Youth Entrepreneurship Ladder of Hope Financial Support Business Agreement’ with the Korea Credit Guarantee Fund and Korea Technology Finance Corporation on the 5th.
This is an agreement to support startup revitalization and job creation by expanding financial support to young startups with innovative ideas and excellent technology.
Accordingly, KB Kookmin Bank decided to contribute a total of 11.8 billion won to each fund, including 5 billion won in special contribution and 900 million won in guarantee fee support.
Based on this, a loan worth about 200 billion won will be made using the agreement guarantee as collateral.
Eligible for support are companies within 7 years of establishment with a representative between the ages of 17 and 39 and must meet the guarantee requirements for each fund.
These companies are issued preferential guarantees with a guarantee rate of 100% and full exemption from guarantee fees for three years.
KB Kookmin Bank said, “We hope that this will be a ladder that provides a new opportunity for a leap forward for young start-ups that are having difficulty raising funds.”
AI outlook — possibilities, not facts
Applications for contract-guaranteed loans for young start-ups will increase.
Likely · Within months

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