Citibank Korea, Korea Eximbank back KoMiCo’s US chip expansion

Citibank Korea said Tuesday it will provide $100 million in syndicated financing alongside the Export-Import Bank of Korea to support Korean equipment parts supplier KoMiCo’s expansion in the US semiconductor market.

The financing agreement was signed on Monday at KoMiCo’s headquarters in Anseong, Gyeonggi Province.

Citibank Korea Commercial Banking Head Hwang Jae-won, KoMiCo CEO Choi Yong-ha and Korea Eximbank Senior Executive Vice President Kim Jin-seop were in attendance.

KoMiCo specializes i ...