NH Agricultural Cooperatives Bank and Credit Guarantee Fund Ink 383 Billion Won Agreement for SME Financial Support

NH Agricultural Cooperatives Bank and the Credit Guarantee Fund have signed a 383 billion won agreement to provide financial support for growth enterprises and non-metropolitan SMEs. The collaboration expands support for emerging industries, export-oriented businesses, and regional base industries, including local investment enterprises. The bank contributed 50 billion won in special grants and guarantee fees for productive finance, supporting 2,200 billion won in guarantees. Regional specialization initiatives also received 50 billion won, covering 1,630 billion won in guarantees for local industry enterprises and regional transfer SMEs. The Credit Guarantee Fund will provide 100% guarantee coverage with reduced fees for three years, while the bank will subsidize guarantee fees for two years.