KB Financial Group Participates in 'Good Consumption Movement' with 300 Million KRW Prepayment to Restaurants

KB Financial Group Emergency Management Committee Supports Small Business Owners to Overcome COVID-19
Expected Financial Support Impact for 'Restaurant-Operating Small Business Owners' Facing Sales Decline

On the 17th, near the Yeouido main branch restaurant, KB Financial Group Chairman Yoon Jong-kyu (third from the left) and KB Kookmin Bank President Heo In (second from the left) joined employees for lunch and participated in the 'Good Consumption Movement'.

[Asia Economy Reporter Kangwook Cho] KB Financial Group announced on the 19th that it will join the "Good Consumption Movement" to help small business owners who are going through difficult times due to the prolonged COVID-19 pandemic.

KB Financial's participation in the "Good Consumption Movement" was decided through the "Group Emergency Management Committee," chaired by Chairman Yoon Jong-kyu.

KB Financial Group and KB Kookmin Bank will focus on small restaurants near their Yeouido headquarters, while other affiliates such as KB Securities, KB Insurance, and KB Kookmin Card will conduct advance payments totaling 300 million KRW at restaurants near their workplaces. Employees will voluntarily use nearby restaurants and participate in the "Good Consumer Movement" through advance payments and other means.

A KB Financial official said, "We hope to provide small help and strength to small business owners who are struggling due to a temporary sharp decline in sales," adding, "As the group's mission is 'Finance that Changes the World,' all KB Financial Group employees will continue to practice small but meaningful actions for the people and neighbors to make the world brighter and more hopeful."

Meanwhile, based on the "Ministry of SMEs and Startups-Financial Sector Good Company Business Agreement" signed on the 9th, KB Kookmin Bank has decided to actively expand financial support for the food service industry. Earlier this month, KB Kookmin Bank President Hur In participated in the "Flower Farm Support Relay Campaign" and provided 3.5 billion KRW worth of employee sports and cultural event expenses in Onnuri gift certificates, contributing to helping small business owners overcome COVID-19 through various support activities.

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