Typhoon Damage 'Emergency Support for Businesses' Launched … DGB Daegu Bank Implements '200 Billion KRW Scale' Emergency Financial Support

Existing Loan Maturity Extension and Split Repayment Principal Grace Period Up to 6 Months

DGB Daegu Bank Headquarters.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] DGB Daegu Bank will implement a repayment deferral program along with financial support worth 200 billion KRW for small and medium-sized enterprises (SMEs) and small business owners affected by typhoons and heavy rains to alleviate their management difficulties.

To receive financial support for damages caused by natural disasters, affected parties must obtain a 'Disaster Damage Confirmation Certificate' issued by the relevant local government office and then visit the nearest DGB Daegu Bank branch for consultation.

For confirmed damaged SMEs, emergency management stabilization funds of up to 200 million KRW per company will be provided.

If necessary, amounts exceeding this can be supported through head office approval procedures, and especially to reduce financial costs, a special interest rate reduction of up to 1.5% will be applied to new loan funds.

In addition, a repayment deferral program will be implemented for companies affected by typhoons and heavy rains, with extensions of existing credit maturities and principal repayment deferrals for up to six months planned.

A DGB Daegu Bank official stated, “DGB Daegu Bank will strive to become the number one supportive bank that can empower customers through continuous financial support and various assistance policies such as repayment deferral programs for SMEs and small business owners affected by natural disasters.”

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