Daegu Bank Provides Special Support of 100 Billion KRW to Companies Affected by Wuhan Pneumonia

[Asia Economy Reporter Kim Min-young] DGB Daegu Bank announced on the 4th that it will provide special funds worth 100 billion KRW to companies affected by the novel coronavirus infection (Wuhan pneumonia).

The special loan for companies affected by the novel coronavirus targets small and medium-sized enterprises operating in domestic regions where confirmed cases have occurred, as well as companies engaged in or planning export-import transactions with overseas regions where confirmed cases have been reported. Additionally, loans will be provided to indirectly affected companies in other regions, including those in lodging and restaurant industries, arts, sports and leisure-related services, educational services, wholesale and retail trade, health care, and social welfare services.

Support can be received up to a maximum of 500 million KRW per company, with preferential interest rates applied through branch-wide (full authority) approval, and the handling criteria have been significantly relaxed to enable prompt financial support.

Daegu Bank plans to operate a comprehensive consultation team to support rapid screening through on-site visits to affected companies. For companies struggling with loan repayment due to temporary cash shortages, repayment deferrals will also be provided.

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