Citibank Korea, Export-Import Bank Fund $100M KoMiCo US Expansion

Citibank Korea and South Korea's state-run Export-Import Bank will provide a $100 million syndicated loan to KoMiCo, a South Korean maker of semiconductor equipment parts. The funding will support KoMiCo's expansion at US subsidiaries positioned near major chip manufacturing sites. KoMiCo provides precision cleaning and coating services for semiconductor equipment components, and the loan will fund facility expansion and operations at these facilities.

Expansion Locations and Facility Plans

KoMiCo is expanding in Austin and Phoenix, as well as Hillsboro in Oregon, to serve chipmaking hubs in those regions. The company's Round Rock, Texas site places it within the Austin-area semiconductor network. The $100 million syndicated loan will fund US facilities and day-to-day operations at these locations.

Loan Structure and Prior Expansion Support

Citibank Korea arranged the syndicated loan with the Export-Import Bank of Korea, which is South Korea's government-backed export lender. This structure combines policy funding with private lending to support Korean companies' overseas growth. Citibank Korea has previously supported KoMiCo's expansion in Taiwan, Singapore, and the Czech Republic.