Kim Yong-beom, Deputy Minister of Economy and Finance, "Financial Support for Small Business Owners Will Be Considered in IBK's Management Evaluation"

[Image source=Yonhap News]

[Asia Economy Reporter Hwang Yoon-joo] Kim Yong-beom, the 1st Vice Minister of the Ministry of Economy and Finance, stated that IBK Industrial Bank's participation in funding support for small business owners will be taken into account in future management evaluations.

On the afternoon of the 8th, Vice Minister Kim held an on-site meeting at the IBK Industrial Bank Jongno 6-ga branch in Dongdaemun, Seoul, and said, "We will fully consider the bank's active participation in government policies when evaluating its management performance."

IBK Industrial Bank is a financial public institution and is subject to government management evaluations.

Currently, IBK Industrial Bank is providing loans to small business owners at ultra-low interest rates in the 1% range in accordance with the government's financial support policy for small business owners. Starting this month, the bank is also conducting guarantee screening on behalf of regional credit guarantee foundations, which have been overwhelmed with applications for ultra-low interest loans under 30 million won.

Vice Minister Kim emphasized, "Even if accidents occur during the funding support process for small business owners, employees will not be held responsible unless there is intentional or gross negligence," urging active financial support.

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