'Low Credit Small Business Owners Also OK'... KakaoBank Launches Loans with Credit Guarantee Foundation Guarantee Letters
Signed MOU with Shinbo Central Association
Also Supporting 50% Guarantee Fee
Yoon Ho-young, CEO of Kakao Bank (left), and Lee Sang-hoon, Chairman of the Korea Credit Guarantee Foundation, are posing for a commemorative photo at the "Guarantee Fee Support Business Agreement Ceremony for Win-Win Finance for Small Business Owners" on the 16th. Photo by Kakao Bank
View original imageKakaoBank will start offering loans backed by credit guarantee foundation certificates to individual business owners from the 25th. This is expected to expand loan opportunities for small business owners with insufficient credit.
On the 17th, KakaoBank announced that it had signed a "Business Agreement (MOU) for Guarantee Fee Support for Win-Win Finance for Small Business Owners" with the Korea Credit Guarantee Foundation.
They will also support 50% of the guarantee fee until the end of the year. Borrowers must pay a fee to the foundation for using the credit guarantee certificate, separate from the interest.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- Samsung Electronics Labor-Management Talks End Without Agreement... Central Labor Relations Commission: "Negotiations Resume at 10 a.m. Today" (Comprehensive)
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
A KakaoBank official said, "We aimed to reduce the financial burden on individual business owners through the launch of non-face-to-face guarantee certificate loans and guarantee fee support," adding, "We will continue to strengthen financial support and new business cooperation with the Korea Credit Guarantee Foundation for small business owners."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
