K Bank Signs MOU with Korea Credit Guarantee Fund to Support Small Business Loans

Signing of Business Agreement between K Bank Headquarters and Credit Guarantee Foundation Central Association

Active Cooperation in Establishing and Operating a Non-Face-to-Face Guarantee System to Support Small Business Financing

▲K Bank CEO Seo Hoseong (right) and Lee Sanghoon, Chairman of the Korea Credit Guarantee Foundation, signed a business agreement to launch loans for individual business owners.

[Asia Economy Reporter Sim Nayoung] K-Bank announced on the 21st that it will enter the corporate loan market, starting with loans for individual business owners.

K-Bank and the Korea Credit Guarantee Foundation signed a business agreement (MOU) on the 18th to strengthen non-face-to-face financial support and support for small business owners.

K-Bank and the Korea Credit Guarantee Foundation agreed to cooperate in building an 'integrated electronic guarantee system and non-face-to-face guarantee system' that enables a 100% non-face-to-face one-stop process from evaluation and loan application to deposit for individual business owners. This agreement was made at the final stage of launching K-Bank's loan product for individual business owners.

President Seo said, "As the COVID-19 situation prolongs, there is a high demand for convenient loans among individual business owners, which led us to prepare the launch of a 100% non-face-to-face loan product," adding, "We will introduce more convenient products to reduce the burden on individual business owner customers."

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