Kolmar Korea said on the 14th that it signed a financial support memorandum of understanding (MOU) to strengthen the export supply chain of the "K-consumer goods (beauty & health) industry" with the Korea Trade Insurance Corporation and Woori Bank at the corporation's main conference room in Jongno-gu, Seoul. The signing ceremony was attended by Minister Kim Jung-kwan of the Ministry of Trade, Industry and Resources; Jang Young-jin, president of the Korea Trade Insurance Corporation; Choi Hyun-gyu, CEO of Kolmar Korea; and Jung Jin-wan, Woori Bank president, among other key officials.
Under the agreement, three Kolmar Group companies—Kolmar Korea, Kolmar BNH, and Yonwoo—will grant a total of 10 billion won with Woori Bank to provide financial benefits totaling 174 billion won to more than 160 small and midsize partner companies. Selected clients and partners can receive various financial support, including guarantee fee support, higher guarantee limits, preferential guarantee periods of up to three years, and discounted guarantee fee rates.
The agreement is part of the "export supply chain enhancement guarantee" program introduced by the Korea Trade Insurance Corporation to strengthen the export supply chains of mid-sized and small corporations. Based on funds jointly created by major domestic corporations and financial institutions, the trade insurer provides preferential guarantees to mid-sized and small corporations that work with the granting corporations, while financial institutions extend loans.
Kolmar Korea participated as the only cosmetics manufacturing corporation among the "K-consumer goods" beauty and healthcare granting corporations. Subsidiary Yonwoo and affiliate Kolmar BNH also joined in funding, adding group-level support. With external uncertainty growing due to the recent Middle East war and U.S. tariff policy, and the resulting greater need for financing and supply chain stability among small and midsize corporations, the group said affiliates across industries—cosmetics, health functional foods, and packaging—will participate together to widen the scope of support.
Eligible corporations are recommended by Kolmar Korea based on applications from clients and partners, and are finally selected after a review by the Korea Trade Insurance Corporation.
A Kolmar Korea official said, "It is meaningful to participate in a program that can raise competitiveness across the industry in step with the government's export support stance," adding, "Based on the group's experience of pursuing shared growth with clients and partners, we will continue to support promising corporations so they can be competitive in the global market."