Global Trade Alert
Global Trade Alert

Republic of Korea: KODIT signs agreements with NH Nonghyup Bank to provide KRW 600 billion in guarantees to SMEs (May 2025)

Announcement

14 May 2025

In May 2025, the Korean Credit Guarantee Fund (KODIT) announced signing agreements with NH Nonghyup Bank which will allow KODIT to provide KRW 600 billion in loan guarantees to SMEs that are "struggling with a slowdown in domestic demand and a changing trading environment."

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

14 May 2025

Revocation date:

No revocation date

Loan guarantee In force

On 14 May 2025, the Korean Credit Guarantee Fund (KODIT) announced signing an agreement with the commercial NH Nonghyup Bank. The agreement will allow KODIT to provide KRW 600 billion (USD 429.3 milli...

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