The Small and Medium Venture Business Corporation (SMBA) announced on the 4th that it has signed a business agreement with the Export-Import Bank for joint support and sustainable growth with the Export-Import Bank at the Seoul headquarters of the Export-Import Bank of Korea. Ten people participated in the signing ceremony, including Chairman Hak-do Kim and President of Korea Export-Import Bank.
First of all, through the linkage of mutual financial information networks, we will jointly support medium-vacuum policy financing loans and export-import bank loans to export SMEs. Supporting the export support project of Mid-Vacuum to companies financed by the Export-Import Bank will help companies in the early stages of normalization in export crisis.
Companies participating in the medium vacuum export marketing support project will also cooperate so that they can use the funds of the Export-Import Bank. In particular, the company plans to provide loans for companies residing in the Middle Vacuum Export BI to obtain necessary funds when establishing a local corporation.
In addition, we will also focus on supporting companies in crisis through preemptive autonomous structure improvement programs. Provides an opportunity for companies in crisis to proactively support the cost of establishing a structural improvement plan, extend the maturity of new loans and existing loans before bankruptcy and rehabilitation, and promote a business normalization program on their own.
Heavy vacuum is strengthening cooperation with related organizations from various angles to resolve the difficulties of exporting companies. In October of last year, it signed a business agreement with a national shipping company to resolve the logistics, transportation and freight issues, and in November, it signed a business agreement with the Korea International Trade Insurance Corporation to secure an export safety net for export entry-level businesses.
Chairman Kim Hak-do said, “The signing of this agreement laid the foundation for export recovery and business normalization of export SMEs, the foundation of the national economy. “We will provide a safety net with preemptive financial support so that companies in need can overcome the business crisis early.”
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