POSCO and KB Kookmin Bank to provide ultra-low-interest financing for the K-steel supply chain
POSCO and KB Kookmin Bank announced that they would establish a supply chain financing system on 2026 year 7 month 9 day to provide liquidity support, including ultra-low-interest loans, to small and medium-sized business partners. The goal is to ease funding difficulties for small and medium-sized companies, and plans to establish the Gwangyang Bay Area as a K-battery hub were also mentioned around the same time.
POSCO and KB Kookmin Bank signed an agreement to establish a supply chain financing system at the POSCO Center in Seoul on 2026 year 7 month 9 day and agreed to provide liquidity support to small and medium-sized business partners. From an investor's perspective, this is an important matter because changes in the flow of funds through the supply chain may affect the performance and credit of related companies.
Under the agreement, KB Kookmin Bank will support efforts to ease the funding difficulties of small and medium-sized partner companies through financial products such as ultra-low-interest loans. POSCO will participate in establishing a system to improve financial access and execution for its partner companies.
The two sides described the program as support aimed at shared growth across the 'K-steel' supply chain. The beneficiaries were specified as small and medium-sized processing, parts, and logistics companies in the steel industry ecosystem.
POSCO 9at the event presented the program’s objectives as improving cash flow for small and medium-sized customers and stabilizing the supply chain. KB Kookmin Bank stated that it would handle loan execution and risk management procedures.
Separately, 2026year 7month 8day, in remarks related to the Gwangyang Bay Area, Mayor Min Hyung-bae said he would develop the Gwangyang Bay Area into a key hub of the K-battery supply chain. Both announcements shared the goal of stabilizing local industries and the supply chain.