KB Kookmin Bank has decided to provide 1 trillion won in financial support to Korea Aerospace Industries (KAI).
Kookmin Bank noted on the 13th that it has signed a memorandum of understanding for "mutual growth and joint development" with KAI. The support will target future business investments, export financing, and operating loans related to import, export, and facility investments.
Kookmin Bank also plans to promote financial support for the growth of KAI's partner companies. KAI President Gang Gu-young said, "Through this agreement, we expect the foundation for future business investment and global market expansion to be further strengthened." Kookmin Bank President Lee Hwan-joo said, "I hope this will serve as a cornerstone for enhancing the competitiveness of the Korean aerospace industry and achieving sustainable growth together."