Hyundai Mobis launches 500 billion won guarantee program for suppliers

Hyundai Mobis has signed a memorandum of understanding (MOU) with Hana Bank and the Korea Technology Finance Corporation to launch a 500 billion won win-win guarantee program. The initiative aims to support small and medium-sized suppliers that possess high technological potential but struggle to secure funding due to low credit ratings or lack of collateral.

Under the agreement, Hyundai Mobis and Hana Bank will contribute a total of 30 billion won. This capital will allow the Korea Technology Finance Corporation to establish a loan guarantee limit of 500 billion won, enabling suppliers to access primary financial institutions. A key feature of the program is that guarantee evaluations will focus on technological merit and business viability rather than traditional financial assessments.

Eligible suppliers can benefit from preferential interest rates ranging from 3.9% to 4.9% per annum. Hyundai Mobis expects this support to reduce financial burdens, facilitate investment in R&D and production facilities, and strengthen the ecosystem for future business sectors such as robotics and semiconductors. The program is scheduled to begin full operations in September.