Suhyup Bank Provides Financial Support Worth 50 Billion KRW to Residents Affected by Heavy Rainfall

Sh Suhyup Bank will provide emergency financial support of up to 50 billion KRW to help local residents, small business owners, and fishermen affected by the heavy rains recover quickly and restart their lives.

Suhyup Bank has allocated a total of 50 billion KRW in emergency funds, including ▲living stabilization funds (up to 20 million KRW per individual) ▲facility funds (funds required for damage restoration) ▲operating funds (up to 500 million KRW, with loan interest rates reduced by up to 1.5%) ▲extension of existing loan maturities (up to 1 year) ▲and deferment of principal and interest repayments on existing loans (up to 6 months).

To receive financial support, applicants must obtain a damage confirmation certificate from the relevant local government and submit it to the Suhyup Bank branch where they wish to receive support.

Kang Shin-sook, President of Suhyup Bank, stated, "We will do our best to support local residents, small business owners, and fishermen affected by the nationwide heavy rains so they can return to their daily lives as soon as possible," adding, "We will also carefully check to ensure that no vulnerable groups in financial blind spots are overlooked."

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