"Helping Partners Facing Financial Difficulties" Hyundai Mobis Launches 500 Billion Won Joint Guarantee Program

Introduction of Guarantee Review Based on Technology Assessment

Hyundai Mobis announced on August 28 that it will launch a 500 billion won joint guarantee program to support its partner companies, in collaboration with Hana Bank and Korea Technology Finance Corporation.

On August 27, at its headquarters in Yeoksam-dong, Seoul, Hyundai Mobis signed a "joint guarantee business agreement (MOU)" with Hana Bank and Korea Technology Finance Corporation to provide financial support for its partner companies. The signing ceremony was attended by Lee Gyuseok, CEO of Hyundai Mobis, Lee Hoseong, President of Hana Bank, and Kwon Hyungtaek, Chairman of Korea Technology Finance Corporation, who discussed ways to cooperate.

Hyundai Mobis signed a mutual growth guarantee business agreement (MOU) for financial support of partner companies with Hana Bank and the Korea Technology Finance Corporation at its headquarters in Yeoksam-dong, Seoul on the 27th. Kwon Hyungtaek, Chairman of the Korea Technology Finance Corporation (second from the right in the front row), Lee Gyuseok, CEO of Hyundai Mobis, and Lee Hoseong, President of Hana Bank. Hyundai Mobis

Hyundai Mobis and Hana Bank will jointly contribute a total of 30 billion won, which Korea Technology Finance Corporation will leverage to create a loan guarantee limit of 500 billion won. This will enable partner companies to secure funding from Tier 1 financial institutions.

In particular, the guarantee review will focus on technological capability and business viability rather than simply on financial assessment. Small and underserved partner companies boasting strong technology but lacking sufficient credit ratings or collateral—making it difficult for them to access financial institutions—will now be able to raise funds from Hana Bank under preferential annual interest rates ranging from 3.9% to 4.9%, based on guarantees provided by Korea Technology Finance Corporation. This is expected to help them manage their finances under more stable conditions.

Hyundai Mobis expects this support program to reduce financial costs for its partners and contribute to increased investment in research and development (R&D) and production facilities by improving liquidity. The joint guarantee program is set to begin operation in September. Hyundai Mobis also plans to gradually expand various financial support programs targeting domestic and international partner companies in the future.

CEO Lee Gyuseok stated, "The joint guarantee program was established to support partner companies that possess excellent technological capabilities but have struggled to secure growth opportunities due to financial barriers. We will further strengthen mutually beneficial cooperation with our partners and enhance the self-sustainability of the entire mobility industry."

This content was produced with the assistance of AI translation services.