The only cosmetics manufacturer participating in a government-led export financing program Supporting SME partners through joint contributions from three Kolmar Group affiliates and Woori Bank Easing capital constraints for exporters via guarantee fee reductions and higher credit limits Laying the foundation for shared growth with clients and partners amid geopolitical risks
KOLMAR Korea researcher. Courtesy of KOLMAR Korea
KOLMAR Korea is taking the lead in securing the global competitiveness of K-beauty by becoming the first company in the cosmetics manufacturing industry to contribute capital to a government export financing support program. Through collaboration with the Korea Trade Insurance Corporation and Woori Bank, the company plans to ease the financial burdens faced by small and medium-sized clients and partners and improve the overall structure of exports.
KOLMAR Korea on the 14th signed a “Business Agreement on Financial Support to Strengthen the Export Supply Chain of K-Consumer Goods Industries” at the headquarters of the Korea Trade Insurance Corporation in Jongno-gu, Seoul, in the presence of the Minister of Trade, Industry and Energy and the heads of the respective institutions.
The core of the agreement is based on a contribution fund of KRW 10 billion established by three Kolmar Group affiliates—KOLMAR Korea, Kolmar BNH, and Yonwoo—and Woori Bank. Through this, a total of approximately KRW 174 billion in financial benefits is expected to be provided to more than 160 small and medium-sized enterprises. Companies selected for support will enjoy tangible benefits such as expanded guarantee limits, reduced guarantee fee rates, and preferential guarantee periods of up to three years. This is expected to be of significant assistance to small and medium-sized exporters with limited collateral capacity in securing working capital for export operations.
This support is being implemented as part of the export supply chain enhancement guarantee program promoted by the Korea Trade Insurance Corporation. Under this public-private cooperation model, when large corporations or mid-sized enterprises jointly raise funds with financial institutions, the Korea Trade Insurance Corporation provides preferential guarantees to the partner companies of those enterprises, and banks execute the loans.
KOLMAR Korea is the only manufacturer in the beauty and healthcare sectors to participate in this project. Its subsidiary Yonwoo and its affiliate Kolmar BNH have also joined, pooling the group’s capabilities. The decision reflects the assessment that, amid rapidly changing business conditions—such as growing geopolitical uncertainties and shifts in tariff policies in major countries—stabilizing the supply chain across the entire industry, from cosmetics to health functional foods and packaging materials, has become an urgent task.
Beneficiary companies will be finally selected after KOLMAR Korea exercises its recommendation rights based on applications from partner firms, followed by the Korea Trade Insurance Corporation’s screening process.
A KOLMAR Korea representative stated that it is meaningful to participate in a program that reinforces the fundamentals of the industry in line with the government’s export promotion policy, and added that the company will continue to serve as a bridge enabling high-potential companies to advance onto the global stage, building on its accumulated experience of shared growth with clients and partners.
Kim Sang-jun
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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