500 billion won scale guarantee agreement and 1.0% annual guarantee fee support for 2 years (Photo of Korea Credit Guarantee Fund headquarters provided by Korea Credit Guarantee Fund)
[Korea Credit Guarantee Fund] Korea Credit Guarantee Fund announced on the 16th that it has signed a ‘K-Content Company Financial Support Business Agreement’ with KB Kookmin Bank.
This agreement was established to support smooth funding for companies operating in the cultural content sectors such as film, performance, and games, and to reduce financial costs.
Under the agreement, Korea Credit Guarantee Fund plans to provide approximately 500 billion won in guaranteed fee support for companies involved in planning, producing, and commercializing cultural content, as well as those utilizing content IP, recommended by KB Kookmin Bank.
Additionally, Korea Credit Guarantee Fund will use the 10 billion won guarantee fee support fund provided by KB Kookmin Bank to offer a 1.0% annual discount on guarantee fees for two years.
A representative from Korea Credit Guarantee Fund stated, “Through this agreement, the funding conditions for K-content companies will improve, aiding in the expansion of growth engines and the strengthening of competitiveness. We will continue to expand cooperation with related organizations to actively support the government’s cultural industry revitalization policy.”