IBK, Awarded the Presidential Citation at the 25th Small and Medium Venture Business Financial Support Awards

Yoon Jong-won, Bank President: "We Will Be a Strong Support for Small and Medium Enterprises and Small Business Owners"

Photo by 17th at the ‘25th Small and Medium Venture Business Financial Support Awards’ ceremony held at the Korea Federation of SMEs in Yeouido, Seoul, showing Yoon Jong-won, President of IBK Industrial Bank of Korea, receiving the Presidential Citation.

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank of Korea received the Presidential Citation at the 25th Small and Medium Venture Business Financial Support Awards.

On the 18th, IBK announced that it received the Presidential Citation at the 25th Small and Medium Venture Business Financial Support Awards for contributing to the management stability of small and medium enterprises by expanding funding supply to small businesses, investing in startups, and supporting the cultivation of future new growth industries.

In particular, this year, amid the difficult situation faced by most companies due to the spread of COVID-19, IBK was highly praised for contributing to overcoming the economic crisis by launching ultra-low interest loans worth 7.8 trillion KRW for the first time, supporting approximately 267,000 small business owners.

The Small and Medium Venture Business Financial Support Awards recognize outstanding institutions and individuals who have contributed to financial support for small and medium enterprises over the year.

President Yoon Jong-won said, “I give credit to the employees who did their best to support small business owners and SMEs struggling due to the COVID crisis,” adding, “I accept this as a sign of encouragement to be a strong pillar for small and medium enterprises and small business owners until the COVID crisis ends, and I will do my best even more.”

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