IBK, 300 Billion KRW Special Support for Typhoon Khanun Damage Recovery
IBK Industrial Bank announced on the 11th that it will provide special support worth 300 billion KRW to help small business owners and SMEs affected by Typhoon Khanun recover quickly.
IBK Industrial Bank plans to support working capital and facility damage recovery funds up to 300 million KRW for small business owners and SMEs affected by heavy rain and Typhoon Khanun, and reduce loan interest rates by up to 1.0 percentage point.
In addition, when existing loans mature, the bank will support maturity extensions of up to one year without principal repayment and will defer repayments on installment payments.
IBK Industrial Bank is actively responding by monitoring the damage status of clients in real time to provide comprehensive support for companies affected by Typhoon Khanun and heavy rain.
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An IBK Industrial Bank official stated, “We hope this will help small business owners and SMEs affected by Typhoon Khanun and heavy rain recover damages and stabilize their management early.”
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