NongHyup Bank Signs 'Janggeumi Partnership' with 4 Traditional Markets in Chungbuk... Leading Win-Win Finance

NH Nonghyup Bank announced on the 20th that it signed the ‘Janggeumi Partnership’ on the 19th to support small business owners’ financing with four traditional markets in Chungbuk (Cheongju Yukgeori General Market, Chungju Jayu Market, Jecheon Naeto Market, and Danyang Gugyeong Market).

The Janggeumi Partnership is a project that establishes a collaborative system between traditional markets and financial institutions to prevent financial fraud damage to small business owners within traditional markets and to support win-win finance.

NH Nonghyup Bank plans to establish a hotline that allows immediate reporting to branches in case of financial fraud damage to small business owners and will conduct damage prevention education. Partner branches will also provide customized financial services for win-win finance, such as policy fund loans for small business owners.

Events to revitalize traditional markets are also underway. Until the end of this year, using NH Nonghyup cards at about 1,400 traditional markets nationwide will provide a 20% discount benefit. Additionally, all traditional markets in Chungbuk will offer a 30% discount (up to 20,000 KRW per month) to promote the local economy.

Jang Jonghwan, Vice President of Nonghyup Bank, said, “Through this Janggeumi Partnership, we will safely protect the valuable assets of small business owners in traditional markets and take the lead in win-win finance to revitalize the local economy.”

The event held at NH Nonghyup Bank’s Chungbuk Regional Headquarters was attended by Jeong Seonwook, Head of the Chungbuk Branch of the Ministry of SMEs and Startups, Seok Junwon, Head of the Chungbuk Support Office of the Financial Supervisory Service, Jang Jonghwan, Vice President of NH Nonghyup Bank, and chairpersons of traditional market merchant associations.

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