Gwangju Bank signed a memorandum of understanding with the Credit Guarantee Fund on November 10 at its headquarters in Gwangju to promote regional private investment projects.
Under the agreement, the two organizations will explore the feasibility and structure of private investment projects aimed at establishing the Honam Semiconductor Cluster on the site of the Gwangju military airport.
They will also share information related to identifying candidates for private projects in the Gwangju and Jeonnam regions, as well as provide financial support and financing advice linked to Credit Guarantee Fund guarantees.
A communication system will be established to continuously discuss project identification and support measures.
Considering the characteristics of industrial infrastructure projects that require substantial funding, Gwangju Bank plans to jointly review the project implementation methods and financing structures, and provide tailored advice through specialized institutions if necessary.
Jeong Il-seon, president of Gwangju Bank, stated, "The Honam Semiconductor Cluster presents an opportunity for Gwangju and Jeonnam to become a hub for future advanced industries. We will actively cooperate to materialize the necessary private investment projects in the region by combining the guarantee capabilities of the Credit Guarantee Fund with Gwangju Bank's 58 years of financial experience and local network."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.