KB Kookmin Bank Expands K-Content Financing With W1bn KODIT Contribution

KB Kookmin Bank said on the 13th that it signed a “K-content productive financial support agreement” with the Korea Credit Guarantee Fund and the Korea Creative Content Agency. The agreement is aimed at providing financing support needed by K-content companies. KB Kookmin Bank will make a special contribution of 1 billion won to the Korea Credit Guarantee Fund, laying the basis for financial support worth 20 billion won. The pact brings together a bank, a guarantee institution and a content support agency, with the focus on improving funding access for K-content firms. With the support amount specified, the program is expected to help supplement the financial base needed for production activities. Source: mk.co.kr.