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Financial Support for Small, Medium Businesses Dealing with Posco
10/01/2009 - Posco teams with the Industrial Bank of Korea to help small- and medium-sized enterprises that deal with Posco to secure the necessary funds for production.
Posco teamed up with the Industrial Bank of Korea to help small- and medium-sized enterprises that deal with Posco to secure the necessary funds for production.
Posco and the Industrial Bank of Korea signed a 300 billion KRW “Posco Family Network Loan” agreement, which supports low-interest-rate loans from the bank to companies with low credit ratings and/or those who have exceeded their credit limits, based on contracts with Posco.
The service will first be offered to small and medium enterprises dealing directly with Posco, and then in November extend to businesses dealing with Posco Group companies.
After the agreement was signed, Posco held a seminar on the network loan services for eligible enterprises in the Seoul, Gyeonggi, and Incheon regions. The company plans to hold more sessions throughout the Pohang, Gwangyang, and Changwon regions until mid-October.
Posco also has supported 433.1 billion KRW in loans for small- and medium-sized businesses through win-win Cooperation General Funds, Special Funds, and Security Funds.
Posco and the Industrial Bank of Korea signed a 300 billion KRW “Posco Family Network Loan” agreement, which supports low-interest-rate loans from the bank to companies with low credit ratings and/or those who have exceeded their credit limits, based on contracts with Posco.
The service will first be offered to small and medium enterprises dealing directly with Posco, and then in November extend to businesses dealing with Posco Group companies.
After the agreement was signed, Posco held a seminar on the network loan services for eligible enterprises in the Seoul, Gyeonggi, and Incheon regions. The company plans to hold more sessions throughout the Pohang, Gwangyang, and Changwon regions until mid-October.
Posco also has supported 433.1 billion KRW in loans for small- and medium-sized businesses through win-win Cooperation General Funds, Special Funds, and Security Funds.
