NH Nonghyup Bank Provides Comprehensive Support for Semiconductor Cluster Development in Jeonnam Gwangju

Preferential Interest Rates for Semiconductor Cluster Companies
Expanded Support for SMEs and Small Business Owners
300 Million Won in Scholarships for Local Talent Development

NH Nonghyup Bank announced on September 22 a comprehensive financial support plan to promote the successful establishment of the "semiconductor cluster," a key issue for Jeonnam Gwangju Integration Special City, and to revitalize the local economy.

Kang Taeyoung, President of NH NongHyup Bank (right), and Min Hyungbae, Special Integrated Mayor of Jeonnam Gwangju (left), are taking a commemorative photo on the 21st during the scholarship donation ceremony for fostering talent for the successful establishment of the semiconductor cluster in Jeonnam Gwangju Special Integrated City. NH NongHyup Bank

First, the bank will implement preferential financial programs for companies moving into the semiconductor cluster, such as easing loan screening requirements and raising the loan-to-value ratio, and will also provide customized financial services, including asset management programs for employees and executives.

The bank is also expanding financial support for small and medium-sized enterprises (SMEs) and small business owners. Through a loan product exclusively for SMEs and small business owners launched in July, an additional preferential interest rate of 0.4% is being applied, with 174 cases and 37.4 billion won in support provided to date. In addition, through a 5 billion won special contribution to guarantee institutions, the bank is supporting loans totaling approximately 125.7 billion won. Alongside this, the "NH Growth Cooperation Center" is being operated, providing 132 cases of professional consulting—covering areas such as start-up, management, and taxation—just this year alone, thus supporting the growth of local small business owners.

Efforts are also being made to nurture local talent. On September 21, NH Nonghyup Bank provided a scholarship fund of 300 million won for the development of future talent in the semiconductor and AI fields. The 300 million won donation will be used to support the education of local middle school, high school, and university students, and will be invested in nurturing specialized talent to lead advanced industries such as semiconductors and AI in the future.

Kang Taeyoung, President of NH Nonghyup Bank, stated, "In order to successfully establish the semiconductor cluster and help local industries leap forward, it is crucial to provide both financial support to companies and nurture regional talent to lead future industries." He added, "NH Nonghyup Bank will actively support the successful establishment of the semiconductor cluster in Jeonnam Gwangju Integration Special City, and will continue to expand support in both financial and educational fields so that corporations and talent can settle in the region in a stable manner."

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