KODIT and Hana Bank Partner for Emerging Industry Financing

## Korea Credit Guarantee Fund - Hana Bank Join Hands for KRW 140 Billion 'Productive Finance' to Power Future Growth A robust support measure has been established to foster South Korea's future growth engines. The Korea Credit Guarantee Fund (hereinafter KODIT) and Hana Bank have joined hands to expand productive finance, which will provide a lifeline to promising new industry companies. The two institutions signed a 'Business Agreement for Expanding Productive Finance to Strengthen Promising New Industry Ecosystems' on the 19th, and announced its specific details on the 22nd. This agreement focuses on alleviating the financial burden of promising new industry companies that create new opportunities and drive the national economy amidst rapidly changing industrial environments, while supporting their sustainable growth. It embodies a strong commitment to enhance the overall competitiveness of the industrial ecosystem by providing practical support to companies that, despite being armed with innovative technologies and ideas, may face difficulties in fundraising. Under the agreement, Hana Bank has decided to provide a generous total support of KRW 3 billion to KODIT. This consists of KRW 2 billion in special contributions and KRW 1 billion in guarantee fee support. KODIT plans to launch a large-scale financial support program totaling KRW 140 billion, using Hana Bank's contributions as its financial source. This program is divided into special contribution agreement guarantees and guarantee fee support agreement guarantees, providing customized benefits to companies. The beneficiaries are key entities responsible for South Korea's future. Specifically, this includes companies operating in new growth engine industries, innovative and promising startups, export and overseas expansion companies heading towards the global market, and companies realizing social value through job creation. Through this agreement, these companies will secure stability in fundraising and be able to explore opportunities for business expansion. In particular, KODIT offers exceptional conditions to companies eligible for special contribution agreement guarantees. It significantly reduces the burden on companies by applying a 100% guarantee rate for three years, and further helps reduce financial costs with an additional 0.2%p guarantee fee reduction benefit. Furthermore, through guarantee fee support agreement guarantees, KODIT will provide an annual 0.5%p guarantee fee support for two years, creating an environment where companies can focus on their businesses with greater ease. A KODIT official emphasized the significance of this agreement, stating, "We expect promising new industry companies to solidify their growth foundation further through this support. This will soon lead to an enhancement in the competitiveness of the entire related industrial ecosystem." He added, "KODIT will continue to expand the supply of productive finance through close cooperation with various related organizations in the future," reiterating its ambition to contribute to the economic development of South Korea. This agreement is expected to be a crucial turning point, helping innovative companies leap forward and injecting new vitality into the Korean economy.