BNK Financial Group to Provide KRW 1.6 Trillion in Special Chuseok Funds for Local SMEs and Small Business Owners

September 2 to September 30, BNK Busan Bank and BNK Gyeongnam Bank Each Offer 800 Billion Won

Up to 3 Billion Won per Company, Maximum 1% Interest Rate Reduction to Ease Financial Burden

BNK Financial Group (Chairman Bin Daein) will provide special funding totaling 1.6 trillion KRW to support local small and medium-sized enterprises (SMEs) and small business owners ahead of the Chuseok holiday.

BNK Financial Group Headquarters.

BNK Financial Group's Busan Bank and Kyongnam Bank will offer the 'BNK 2024 Chuseok Special Loan' for one month, from September 2 to September 30.

This special loan program is designed to alleviate temporary funding difficulties faced by local SMEs and small business owners before and after Chuseok, and to contribute to revitalizing the local economy. Both BNK Busan Bank and BNK Kyongnam Bank will each provide 800 billion KRW (400 billion KRW in new loans and 400 billion KRW in loan extensions), totaling 1.6 trillion KRW in funding.

Eligible recipients include local startups, long-term partner SMEs, livelihood-based small business owners, local job-creating companies, technology-competitive enterprises, and SMEs engaged in local government strategic industries. The maximum loan amount per company is 3 billion KRW, and up to a 1 percentage point interest rate reduction is available to ease financial burdens.

Further details on the BNK 2024 Chuseok Special Loan can be found at all branches and customer centers of Busan Bank and Kyongnam Bank.

A BNK Financial Group representative stated, "As leading regional financial institutions, Busan Bank and Kyongnam Bank have provided special funding every year to help local SMEs and small business owners overcome financial difficulties ahead of Chuseok," adding, "Going forward, BNK Financial Group will continue to actively pursue a variety of financial policies for mutual growth with the local community."

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