POSCO signs supply chain finance agreement with KB Kookmin Bank
POSCO 2026 year, 7 month, 9 day, signed a business agreement on steel supply chain finance with KB Kookmin Bank at the POSCO Center in Seoul. The agreement aims to improve liquidity and ease the financial burden of small and medium-sized customer companies by providing them with ultra-low-interest loans and BaaS-type financial solutions.
POSCO 2026 year, 7 month, 9 day, signed a business agreement on steel supply chain finance with KB Kookmin Bank at the POSCO Center in Seoul. The agreement aims to help small and medium-sized customer companies in the steel industry ecosystem manage their funds.
POSCO President Lee Hee-geun and KB Kookmin Bank President Lee Hwan-joo attended the signing ceremony. The two companies said they would provide ultra-low-interest loans to customer companies through their cooperation framework.
Under the agreement, POSCO, its business partners, and KB Kookmin Bank will establish an interconnected financial system. They plan to introduce a BaaS-type financial services platform solution to automate payments, payment collection, and loan connections.
Supply chain finance is a method of improving the flow of funds among companies participating in the supply chain, from product manufacturing to distribution. Its core purpose is to alleviate liquidity problems caused by delays in collecting payments or a lack of collateral.
POSCO said the program would reduce the financial burden on the steel business ecosystem and enhance transaction stability. KB Kookmin Bank said it would be responsible for operating the related financial products and platform.
The two companies announced that the specific product terms and implementation timing would be decided through further discussions.