KB Kookmin Card, Win-Win Finance for Youth and Small Business Owners... KRW 385.7 Billion Scale

KB Kookmin Card announced on the 22nd that it has prepared a win-win finance support plan worth 385.7 billion KRW for financially vulnerable groups such as young people and small business owners.

KB Kookmin Card will operate a loan program worth 200 billion KRW to ease the interest burden and support liquidity for young people and small to micro individual business owners. For young people, a microloan program with an interest rate of 8-9% and a maximum limit of 1 million KRW per person will be operated with a total limit of 30 billion KRW, and plans are in place to provide support measures to improve credit ratings for customers using microloans.

In addition, the loan product for small to micro individual business owners, 'KB Kookmin Individual Business Owner Loan,' will offer a 1.5 percentage point discount on the applied interest rate and support up to a limit of 200 billion KRW until the limit is exhausted. For borrowers holding delinquent or special bonds, the debt reduction ratio will be expanded, and a 2 percentage point discount on the applied interest rate will be given to new customers of refinancing loans. The win-win finance support is expected to be implemented by next month for each program.

A KB Kookmin Card official said, "We hope that the prepared win-win finance support plan will help young people, small business owners, and vulnerable borrowers who are struggling due to high interest rates and economic recession."

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