KB Kookmin Bank has partnered with POSCO to introduce a financial package aimed at supporting funding and management for steel supply chain partners.
On July 9, KB Kookmin Bank signed a memorandum of understanding for the 'K-Supply Chain Partnership for Steel' with POSCO, targeting clients using the MyPOSCO integrated platform for steel business.
Through this agreement, the two companies plan to launch the 'POSCO × KB Supply Chain Partnership Package' within the year, offering tailored financial and non-financial services to MyPOSCO clients.
The financial services will include a parking account with special preferential interest rates and financial solutions tailored to the POSCO supply chain. This initiative aims to enhance the stability of accounts receivable collection and improve payment liquidity management for client companies. Additionally, various financial benefits will be provided, such as special preferential interest rates for corporate loans, on-site consulting for import and export financing, and support for trade insurance guarantees for exporting companies.
On the non-financial side, customized ESG consulting will be offered to support clients' ESG management. Companies that hire employees through the KB Good Job job fair will receive hiring support funds, and clients adopting cash management services (CMS) will benefit from reduced setup costs and fees. A special promotional rate plan for employees of client companies will also be implemented.
Lee Hwan-joo, President of KB Kookmin Bank, stated, "We hope to further activate the K-steel supply chain ecosystem by providing various financial and non-financial benefits. We will continue to offer solutions to collaborate with clients across various industries in building a supply chain ecosystem."
* This article has been translated by AI.
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