The five major commercial banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) have decided to provide a 500 billion won loan for the construction of Samsung Electronics' Gyeonggi Pyeongtaek Campus Factory 5 (P5). The loan funds will be provided from the National Growth Fund, which each bank has agreed to contribute 10 trillion won to over a 5-year period.
According to the financial sector on the 28th, recently the Korea Development Bank and the National Growth Fund side proposed a funding support plan of this nature to Samsung Electronics.
