DGB Daegu Bank, Special Financial Support Related to Novel Coronavirus

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] DGB Daegu Bank announced on the 4th that it will provide special funds worth 100 billion KRW to induce the early normalization of companies affected by the novel coronavirus.

The 'Special Loan for Companies Affected by the Novel Coronavirus' targets small and medium-sized enterprises operating in domestic areas where confirmed cases of the novel coronavirus have occurred, as well as companies engaged in or planning import-export transactions with overseas regions where confirmed cases have been reported.

In particular, support will also be provided to indirectly affected companies in regions other than the confirmed case areas, including lodging and restaurant businesses, arts, sports and leisure-related services, educational services, wholesale and retail trade, health care, and social welfare services.

If eligible, companies can receive support up to a maximum of 500 million KRW per company, with preferential interest rates applied and significantly relaxed handling standards to ensure prompt financial support.

Bank President Kim Tae-o said, "We will faithfully fulfill our role as a partner who can stand together when local companies are facing difficulties."

This content was produced with the assistance of AI translation services.