Daegu Bank President Visits Seomun Market on Small Business Day "Practical Support"

Hwang Byung-woo, President of DGB Daegu Bank, visited Daegu Seomun Market on Small Business Day to listen to the difficulties faced by local small business owners and self-employed individuals and pledged to continue practical support for mutually beneficial finance.

According to Daegu Bank on the 5th, President Hwang, along with employees, visited Daegu Seomun Market on the day before Small Business Day (the 4th) to tour the alley markets and exchanged opinions on revitalizing the commercial district with Hwang Seon-tak, President of the Seomun Market Merchants Association. President Hwang plans to lead efforts to increase sales in commercial districts by visiting traditional markets, alley markets, and business sites in the region, while focusing on financial support that can provide practical help.

President Hwang stated, "The success of small business owners and self-employed individuals signifies the overall growth of the local economy. Through continuous support fulfilling corporate social responsibility, we will help the recovery and growth of the regional economy," adding, "We will make all-out efforts to ensure practical support is provided for the co-growth with small business owners who are struggling due to the economic slowdown."

Based on the suggestions raised during the meeting with the Seomun Market Merchants Association President, Daegu Bank plans to swiftly explore various non-financial supports such as additional interest rate reductions on microfinance products for self-employed individuals overcoming high inflation and high interest rates, special contributions and new product launches for small business owners, and expansion of customized management consulting for them.

Meanwhile, Daegu Bank announced in January that it would promote support worth a total of 674 billion KRW for small business owners and SMEs and cost reductions amounting to about 24.6 billion KRW to foster regional co-growth and economic revitalization. Accordingly, as of the end of September, it has provided support worth 530 billion KRW and cost reductions of 15 billion KRW.

Additionally, the DGB Innovation Finance Consulting Center’s SOHO Consulting Team has been running the SOS (SOho Success) program since the second half of this year, applying interest rate reductions to small business owners and self-employed individuals who have received comprehensive management consulting, and is conducting activities such as providing customized marketing strategies for live commerce.

Furthermore, Daegu Bank is also implementing additional interest rate reductions. The bank is supporting a 1.0 percentage point interest rate reduction on new applications for its representative microfinance product, the Saessal Loan Bank, until the end of this year, and is providing up to a 0.4 percentage point reduction in additional interest rates on new jeonse deposit loans.

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