NH Nonghyup Bank Gyeongnam Headquarters Supports 8 Trillion KRW Special Funds for SMEs in Lunar New Year
New Support of 3 Trillion KRW and Maturity Extension of 5 Trillion KRW
Additional 0.1% Special Preferential Interest Rate Offered
[Asia Economy Yeongnam Reporting Headquarters Reporter Son Tae-seok] NH Nonghyup Bank Gyeongnam Headquarters (Head Kim Han-sul) will provide special Lunar New Year funds until the 10th of next month to local small and medium-sized enterprises and individual business owners experiencing liquidity shortages and financial difficulties.
The support scale is 8 trillion won nationwide, the same as last year, with 3 trillion won for new support and 5 trillion won for maturity extension. The funds are intended for working capital and facility funds.
For small and medium-sized enterprises, an additional special preferential interest rate of 0.1% will be provided for Lunar New Year funds to reduce financial cost burdens.
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Kim Han-sul, Head of NH Nonghyup Bank, said, “We will do our best to promptly support small and medium-sized enterprises in the Gyeongnam region facing liquidity difficulties ahead of the Lunar New Year,” and added, “We plan to continue expanding financial support to revitalize the local economy and small business economy.”
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