BNK Financial Group Busan·Gyeongnam Bank Releases 1.6 Trillion KRW in Special Funds for Chuseok Holiday
Startups and Job-Creating Companies to Receive Up to 3 Billion KRW per Company
[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] BNK Financial Group's Busan Bank and Gyeongnam Bank have launched the 'BNK Prosperous Chuseok Sharing Special Loan' product worth a total of 1.6 trillion KRW for local small and medium-sized enterprises (SMEs) and small business owners in celebration of the Chuseok holiday.
The two banks will provide loans totaling 1.6 trillion KRW, with 800 billion KRW each from September 1 to October 30, to alleviate financial difficulties faced by local SMEs struggling due to the COVID-19 pandemic and to revitalize the regional economy.
The support targets include local startup companies, SMEs with long-term transactions with the two banks, local job-creating companies, companies with excellent technological capabilities, and SMEs engaged in local government strategic industries. The maximum support amount per company is up to 3 billion KRW, and an additional interest rate reduction of up to 1.0% will be provided to reduce financial costs for local SMEs.
Detailed information about the special loan can be confirmed through all branches and customer centers of Busan Bank and Gyeongnam Bank.
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A BNK Financial Group official said, "We hope this special fund will provide practical help to local merchants facing management difficulties due to the impact of COVID-19," adding, "BNK will continue to contribute to the management stability of local companies and the revitalization of the regional economy through various financial support programs."
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