Korea Credit Guarantee Fund Launches Easy-One Guarantee Linked to THE JEONBUK BANK LTD.

[Financial News] Korea Credit Guarantee Fund said on the 28th that it has launched the Easy-One Guarantee linked to THE JEONBUK BANK LTD.
The new product is a follow-up measure to the business agreement signed with THE JEONBUK BANK LTD. in November last year to promote non-face-to-face and digital finance.
A key feature is that it greatly simplifies the procedures for guaranteed loans by linking the two institutions' non-face-to-face platforms. Going forward, corporate customers of THE JEONBUK BANK LTD. will be able to handle the entire process, from guarantee applications and document submission to electronic contracts and loan execution, on a one-stop basis through the bank's non-face-to-face platform, without visiting KODIT or a bank branch.
Eligible recipients are small and medium-sized enterprises that have been in business for at least one year. KODIT will provide working capital after a swift review and will also offer preferential guarantee fee rates.
A KODIT official said, "This product further improves access to finance for local SMEs by strengthening digital finance cooperation with a regional anchor bank. We will continue to drive digital finance innovation and deliver differentiated, customer-centered financial services."

[email protected] Lee Jumi Reporter