KB Kookmin Bank Provides 100 Billion KRW Guarantee Support for Entrepreneurial Small Business Owners

On the 5th, at Raicon Town Sejong branch located in Jochiwon-eup, Sejong City, a commemorative photo was taken at the signing ceremony of the 'Raicon Growth Financial Support Business Agreement' by Park Seong-hyo, Chairman of the Small Enterprise and Market Service (from the left), Seo Young-ik, Vice President of KB Kookmin Bank Institutional Sales Group, Oh Young-joo, Minister of SMEs and Startups, and Lee Sang-hoon, Chairman of the Korea Credit Guarantee Fund.

KB Kookmin Bank announced on the 5th that it has signed a business agreement with the Small Enterprise and Market Service and the Korea Credit Guarantee Fund to exclusively support a 100 billion KRW scale guarantee agreement. This is aimed at fostering 'entrepreneurial small businesses' with high growth potential and revitalizing the local economy.

Through this agreement, KB Kookmin Bank will make a special contribution of 6.7 billion KRW to help 'LICORN' grow into a key brand driving the local commercial district, and based on this, will support a 100 billion KRW scale 'Entrepreneurial Small Business Development Guarantee Agreement.' 'LICORN' is a brand representing entrepreneurial small businesses, meaning 'a unicorn company creating new added value through innovation in lifestyle and local areas.'

The support targets are entrepreneurial small business certified companies selected for the Ministry of SMEs and Startups' New Business Startup Academy, Strong Small Business Growth Support Project, Local Creator Development Project, and Small Business Complex Financing Project.

The entrepreneurial small business guarantee agreement is scheduled to be implemented on the 11th, with a guarantee limit of up to 200 million KRW per company (up to 100 million KRW for preliminary small businesses). Companies applying for this guarantee agreement can also receive a loan preferential interest rate benefit of 2 percentage points.

Seo Young-ik, Vice President of KB Kookmin Bank's Institutional Business Group, said, "With this special contribution, we hope entrepreneurial small businesses will grow into key brands driving the local economy," adding, "We will continue to generously support small businesses, practice win-win finance, and fulfill the bank's social responsibility."

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