POSCO and KB Kookmin Bank, 7 month 9 day join forces on supply chain finance
POSCO and KB Kookmin Bank 2026 year 7 month 9 day signed a supply chain finance business agreement at the POSCO Center in Seoul. The aim is to ease liquidity issues in the steel supply chain by providing ultra-low-interest loans and BaaS-type financial solutions to small and medium-sized customer companies.
POSCO and KB Kookmin Bank 2026 year 7 month 9 day signed a supply chain finance business agreement. The agreement centers on establishing a financial support system aimed at improving the funding liquidity of small and medium-sized customer companies.
The agreement ceremony was held at the POSCO Center in Seoul. Key officials from both companies, including POSCO President Lee Hee-geun and KB Kookmin Bank President Lee Hwan-joo, attended.
Supply chain finance is a financial service that provides funding by connecting companies participating in the supply chain, from product production to distribution, with banks. It is a structure designed to improve the liquidity of companies that have difficulty managing funds due to delays in collecting payments or insufficient collateral.
KB Kookmin Bank announced that it will introduce BaaS-based financial solutions. The approach will connect POSCO customers with the bank’s systems to support payment and lending processes.
POSCO said it would provide ultra-low-interest loans to small and medium-sized customers to ease their funding difficulties. KB Kookmin Bank said it would provide financial support tailored to transaction flows through supply chain finance.
The two companies said they would strengthen a mutually beneficial structure across the K-steel supply chain through this agreement. Specific product terms and the implementation schedule are expected to be announced later.