Global Trade Alert
Global Trade Alert

Republic of Korea: KODIT signs agreements with IBK and 3 private banks to allocate KRW 1.84 trillion to Korean companies

Announcement

28 Apr 2023

In April 2023, the Korea Credit Guarantee Fund (KODIT) signed several agreements with the Industrial Bank of Korea (IBK) and with 3 private banks to allocate KRW 1.84 trillion in loan guarantees to Korean companies.

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 Apr 2024

Revocation date:

No revocation date

Updated: 28 Apr 2023
Loan guarantee In force

On 28 April 2023, the Korea Credit Guarantee Fund (KODIT) signed the "Financial Support Business Agreement for Core Strategic Industries" with 3 private banks. The agreement allows for the allocati...

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Implementation date

28 Apr 2023

Revocation date:

No revocation date

Updated: 28 Apr 2023
Loan guarantee In force

On 28 April 2023, the Korea Credit Guarantee Fund (KODIT) signed the "Financial Support Business Agreement for Activation of Facility Investment" with the Industrial Bank of Korea. The agreement al...

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Updated: 28 Apr 2023
Lending support In force

On 28 April 2023, the Korea Credit Guarantee Fund (KODIT) signed an agreement with the Industrial Bank of Korea allowing for the allocation of KRW 402 billion (USD 300.1 million) in guarantees to K...

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