Financial Supervisory Service Promotes 'Janggeumi Partnership' for Traditional Markets in Jeju Region

Kim Mi-young, Director of Consumer Protection Department, Financial Supervisory Service [Photo by Yonhap News]

Jeju Bank signed a 'Janggeumi Partnership' with Jeju Dongmun Market and Seogwipo Daily Olle Market on the 25th. This partnership, promoted by the Ministry of SMEs and Startups and the Financial Supervisory Service, focuses on financial education for young small business owners and financial fraud prevention publicity activities.

The signing ceremony held that day was attended by Kim Mi-young, Director of Consumer Protection at the Financial Supervisory Service, and Oh Ki-woong, Vice Minister of the Ministry of SMEs and Startups, among others. Director Kim visited Jeju Dongmun Market to conduct financial fraud prevention publicity activities and urged local interest in preventing financial fraud by distributing promotional materials to merchants and visitors.

Starting with this partnership, Jeju Bank will support various mutually beneficial financial services for small business owners in Jeju Island, including traditional market merchants. They will implement the Jeju Value Coexistence Loan in cooperation with Jeju Special Self-Governing Province Development Corporation, Jeju Tourism Organization, and Jeju Energy Corporation, offering preferential loan interest rates to businesses located in Jeju. The total loan limit is 10 billion KRW.

The Financial Supervisory Service stated, "We have conducted the Janggeumi Partnership five times in Seoul, Gangwon, Busan·Gyeongnam, Gwangju·Jeonnam, and Jeju, and we will continue to foster the partnership so that it can establish itself as a rapid response system linked to real life and a channel for financial support."

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