Operating Procedures for the Bank of Korea's Financial Intermediation Support Loan-Related New Growth and Job Creation Support Program

Established: May 21, 2013 (Approved by Director, Financial Planning Team - 410) Amended: August 23, 2013 (Approved by Director, Financial Planning Team - 671) Amended: December 23, 2013 (Approved by Director, Financial Planning Team - 1053) Amended: January 28, 2014 (Approved by Director, Financial Planning Team - 112) Amended: August 28, 2014 (Approved by Director, Financial Planning Team - 667) Amended: April 24, 2015 (Approved by Director, Financial Planning Team - 354) Amended: March 22, 2016 (Approved by Director, Financial Planning Team - 213) Amended: April 27, 2017 (Approved by Director, Financial Planning Team - 274) Amended: June 29, 2017 (Approved by Director, Financial Planning Team - 386) Amended: August 30, 2017 (Approved by Director, Financial Planning Team - 548) Amended: October 17, 2018 (Approved by Director, Financial Planning Team - 602) Amended: September 16, 2019 (Approved by Director, Financial Planning Team - 554) Amended: March 23, 2020 (Approved by Director, Financial Planning Team - 230) Amended: September 25, 2020 (Approved by Director, Financial Planning Team - 845) Amended: February 7, 2022 (Approved by Director, Financial Planning Team - 96) Amended: March 25, 2022 (Approved by Director, Financial Planning Team - 179) Amended: November 17, 2023 (Approved by Director, Financial Planning Team - 874) Amended: June 11, 2025 (Approved by Director, Financial Planning Team - 531) Amended: January 23, 2026 (Approved by Director, Financial Planning Team - 92)

Article 1 (Purpose)

The purpose of these procedures is to establish detailed matters necessary for the implementation of the "Bank of Korea Financial Intermediation Support Loan-Related New Growth and Job Creation Support Program Operating Rules" (hereinafter referred to as the "Rules").

Article 2 (Scope of Loans for Startup Enterprises and Job Creation Enterprises)

1. Loan handling records of financial institutions where local governments provide secondary interest subsidies (利差補塡) are included in the loan handling records eligible for support under the New Growth and Job Creation Support Program.
2. Loans by financial institutions utilizing information from Technology Credit Evaluation Agencies (TCB), where the Technology Credit Guarantee Agency has provided secondary interest subsidies (利差補塡), are excluded from the support targets of the New Growth and Job Creation Support Program.
3. The ranges of 'Technology Evaluation Grade' and 'Technology Grade' in <Appendix Table 1-2> of Article 2, Paragraph 1, Item A of the Rules are as specified in the <Appendix Table>.
4. The business start date for 'Technology-based Startup Enterprises' under Article 2, Paragraph 1, Item A of the Rules, which wish to receive preferential support under Article 4, Paragraph 3 of the Rules, is as follows:
   1. If a business is started after closure, differing from the business prior to closure, the start date is the startup date after closure.
   2. If a business is started after closure, identical to the business prior to closure, the start date is the startup date prior to closure.
5. The tax credit amounts for 'New Growth Power Operating Enterprises' under <Appendix Table 1-2> of Article 2, Paragraph 1, Item A of the Rules and 'Job Creation Enterprises' under <Appendix Table 3> of Article 2, Paragraph 2 of the Rules are limited to those confirmed through the most recent one-year tax standard declaration, tax credit application forms, tax credit adjustment statements, etc., as of the date of the enterprise's loan application.
6. The venture enterprise certification for 'New Growth Power Operating Enterprises' under <Appendix Table 1-2> of Article 2, Paragraph 1, Item A of the Rules refers to certifications issued by venture enterprise certification agencies to venture investment enterprises, research and development enterprises, and innovative growth enterprises under the "Special Act on Venture Enterprise Promotion."
7. Facility fund loans under Article 3, Paragraph 2 of the Rules are limited to cases where loan approval was granted after October 1, 2019, and loan execution was completed by September 30, 2021.

Article 3 (Restricted Industries for Loans for Startup Enterprises and Job Creation Enterprises)

The restricted industries for support targets determined by the Director of the Monetary Policy Bureau of the Bank of Korea in <Appendix Table 1-1>, Item A, <Appendix Table 2>, Item B, and <Appendix Table 3>, Item 2 of Article 2 of the Rules are as follows. In this case, the classification of industries is based on the Korea Standard Industry Classification.

1. Financial and Insurance Business (64-66)
2. Social Security Insurance and Pension Business (846)
3. Real Estate Business (68)
4. Rental Business (76)
5. Accommodation and Food Service Business (55-56). However, Hotel Business (55101), Resort Condominium Operation Business (55103), Minbak (Guesthouse) Business (55104), Camping Site Business (55105), Other General and Living Accommodation Facility Operation Business (55109), and Food Service Business (561) with 20 or more permanent employees are excluded.
6. Martial Arts Dojang Operation Business (91291)
7. Golf Course and Ski Resort Operation Business (9112)
8. Casino Operation Business (91242), Other Gambling Facility Management and Operation Business (91249)
9. Law Firm Business (71101), Patent Attorney Business (71102), Certified Public Accountant Business (71201), Tax Advisor Business (71202), Hospitals (861), Clinics (862)
10. Other Personal Service Business (96)

Article 4 (Credit Loans for Technology-based Startup Enterprises)

The detailed criteria for calculating the handling records of credit loans for technology-based startup enterprises under Article 4, Paragraph 2 of the Rules are as follows:

1. If a comprehensive pledge is established for the borrower, all loan handling records for that borrower are excluded from the support target handling records.
2. If a limited pledge is established for the borrower, the entire amount of that loan handling record is excluded from the support target handling records.
3. If a corporation under the Commercial Act provides a guarantee, it is treated as a personal guarantee loan and included in the support target handling records.

Article 5 (Submission of Data)

Financial institutions must submit the New Growth and Job Creation Support Program Loan Handling Record Report <Appendix Form> to the Director of the Monetary Policy Bureau of the Bank of Korea by the 20th of the following month for each month.

Supplementary Provisions <May 21, 2013>

1. (Effective Date) These procedures take effect from May 21, 2013.
2. (Transitional Measures) Regarding the technology-based startup enterprise loan handling plan and performance evaluation against the plan under Article 3, the initial pre-limit period granted by the Bank of Korea to each financial institution is from June 2013 to September 2013.

Supplementary Provisions <August 23, 2013>

These procedures take effect from August 23, 2013.

Supplementary Provisions <December 23, 2013>

These procedures take effect from December 23, 2013.

Supplementary Provisions <January 28, 2014>

Article 1 (Effective Date) These procedures take effect from February 1, 2014.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <August 28, 2014>

These procedures take effect from September 1, 2014.

Supplementary Provisions <April 24, 2015>

Article 1 (Effective Date) These procedures take effect from May 1, 2015.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <March 22, 2016>

Article 1 (Effective Date) These procedures take effect from March 21, 2016.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <April 27, 2017>

Article 1 (Effective Date) These procedures take effect from May 1, 2017.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <June 29, 2017>

Article 1 (Effective Date) These procedures take effect from July 1, 2017.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <August 30, 2017>

Article 1 (Effective Date) These procedures take effect from September 1, 2017.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <October 17, 2018>

Article 1 (Effective Date) These procedures take effect from November 1, 2018.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <September 16, 2019>

Article 1 (Effective Date) These procedures take effect from October 1, 2019.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <March 23, 2020>

Article 1 (Effective Date) These procedures take effect from March 23, 2020.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <September 25, 2020>

Article 1 (Effective Date) These procedures take effect from October 5, 2020.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <February 7, 2022>

Article 1 (Effective Date) These procedures take effect from February 11, 2022.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <March 25, 2022>

Article 1 (Effective Date) These procedures take effect from April 1, 2022.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply. However, data submission follows the amended provisions of Article 5.

Supplementary Provisions <November 17, 2023>

Article 1 (Effective Date) These procedures take effect from January 1, 2024. However, the amended provisions of the <Appendix Table> take effect from the day the results of the first half of 2024 review by the Technology Evaluation Quality Management Committee installed under the Ministry of Economy and Finance are released.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <June 11, 2025>

Article 1 (Effective Date) These procedures take effect from July 1, 2025.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

Supplementary Provisions <January 23, 2026>

Article 1 (Effective Date) These procedures take effect from April 1, 2026.
Article 2 (Transitional Measures) For loans already handled before the effective date of these procedures, the previous procedures apply.

<Appendix Table> Range of 'Technology Evaluation Grade' and 'Technology Grade'

Range of 'Technology Evaluation Grade' and 'Technology Grade'

Evaluation Agency	Technology Evaluation Grade or Technology Grade				Support Target	Excluded
Credit Guarantee Corporation	Future Growth Grade	K1	K2	K3 ~ K5	K6 ~ K10	K11 or below
Technology Credit Guarantee Corporation	Technology Business Evaluation Grade	AAA	AA	A	BBB	BB	B	CCC or below
Korea Evaluation Data; Technology Evaluation Quality Management Committee Review Results	Technology Grade (T) issued by evaluation agencies that have received a grade of 'Average' or higher from the Technology Evaluation Quality Management Committee review results 1)	T1, T2	T3, T4	T5	T6 or below

Note: 1) For evaluation agencies that have received a grade of 'Insufficient' or lower in the Technology Evaluation Quality Management Committee review results, or have not been evaluated by the Quality Management Committee, loans handled in the month following the month in which the Bank of Korea was notified by the Korea Credit Information Inc. are excluded from support targets (however, loans handled from the next business day after the Bank of Korea is notified that the evaluation agency has obtained a grade of 'Average' or higher are included in support targets).

<Appendix Form> New Growth and Job Creation Support Program Loan Handling Record Report

New Growth and Job Creation Support Program Loan Handling Record Report

(Year Month)

1. Handling Records

(In Million Won)

Category	New Handling Amount	Repayment, etc. (Decrease Amount) 2)	This Month Balance	End Balance
Loans for Technology-based Startup Enterprises (A) 1)
<Separate> TCB-based Loans
<Separate> New Growth Power Operating Enterprises Loans
Guarantee Document Collateral Loans
Property Collateral Loans
Credit Loans
<Separate> Pure Credit Loans 3)
Patent/Utility Model Right Collateral Loans
Revival Support/Re-challenge Support Guarantee Loans
Loans for General Startup Enterprises (B) 1)
<Separate> Job Creation Enterprises Loans (Handled until Oct 31, 2018)
Loans for Job Creation Enterprises (C) 1) (Handled from Nov 1, 2018 to Dec 31, 2023)
Loans for Job Creation Enterprises (D) 1) (Handled from Jan 1, 2024)
Facility Fund Loans (E) 4), 5)
<Separate> Loans for Technology-based Startup Enterprises
<Separate> Loans for General Startup Enterprises
<Separate> Loans for Material, Component, and Equipment Enterprises
<Separate> Loans for Job Creation Enterprises
Total (A+B+C+D+E)

Notes:
1) Working capital loans with a maturity of less than 1 year among Korean currency financial fund loans for startup enterprises and job creation enterprises.
2) Monthly decrease amount (includes all cases excluded from Bank of Korea support targets such as normal repayment, early repayment, subrogation, closure, default, etc.).
3) Handling records based on the standard from September 1, 2017.
4) Facility fund loans among Korean currency financial fund loans for startup enterprises, material/component/equipment enterprises, and job creation enterprises (based on loans for new purchases such as factory construction and expansion, various machinery and equipment, and equipment according to business plans, replacement investments due to aging of existing machinery and equipment, and loans for purchasing various factories and land).
5) Handling records under the Bank of Korea Financial Intermediation Support Loan-Related New Growth and Job Creation Support Program from October 1, 2019.

Recipient: Director of the Monetary Policy Bureau, Bank of Korea Sender: OO Bank President (Seal) Person in Charge: Phone: e-mail:

2. Loan Interest Rates

(In Million Won, %)

Category	New Handling Amount 1)	Basis for Balance		Month-end Balance	Basis for Balance
	This Month Handling Amount	Loan Interest Rate 2)		Loan Interest Rate 2)
Loans for Technology-based Startup Enterprises (A)
<Separate> TCB-based Loans
<Separate> New Growth Power Operating Enterprises Loans
Guarantee Document Collateral Loans
Property Collateral Loans
Credit Loans
<Separate> Pure Credit Loans 3)
Patent/Utility Model Right Collateral Loans
Revival Support/Re-challenge Support Guarantee Loans
Loans for General Startup Enterprises (B)
<Separate> Job Creation Enterprises Loans (Handled until Oct 31, 2018)
Loans for Job Creation Enterprises (C) 1) (Handled from Nov 1, 2018 to Dec 31, 2023)
Loans for Job Creation Enterprises (D) 1) (Handled from Jan 1, 2024)
Facility Fund Loans (E) 4)
<Separate> Loans for Technology-based Startup Enterprises
<Separate> Loans for General Startup Enterprises
<Separate> Loans for Material, Component, and Equipment Enterprises
<Separate> Loans for Job Creation Enterprises
Total (A+B+C+D+E)

Notes:
1) Includes maturity extension portions.
2) Weighted average interest rate.
3) Handling records based on the standard from September 1, 2017.
4) Handling records under the Bank of Korea Financial Intermediation Support Loan-Related New Growth and Job Creation Support Program from October 1, 2019.