Busan City-KAMCO-BNK Collaborate to Resolve Management Difficulties of Busan Companies

Business Agreement to Support Sustainable Growth and Employment Activation of Busan Regional Companies at City Hall on the 11th at 1:30 PM

Attended by Mayor Park Hyung-jun, KAMCO President Kwon Nam-joo, BNK Financial Group Chairman Bin Dae-in, and others

On the 11th at 1:30 PM, Busan City will sign a business agreement titled ‘Support for Sustainable Growth and Employment Activation of Busan Local Companies through Public-Private-Corporate Collaboration to Revitalize the Local Economy’ at the City Hall Video Conference Room, together with Korea Asset Management Corporation and BNK Financial Group.

At the signing ceremony, Mayor Park Hyung-jun, Kwon Nam-joo, President of Korea Asset Management Corporation, and Bin Dae-in, Chairman of BNK Financial Group, will attend and directly sign the agreement.

This business agreement was prepared to expand specialized support for small and medium-sized enterprises in need of management improvement within the region and to create good jobs and a favorable working environment.

With the signing of this agreement, ▲ Korea Asset Management Corporation and BNK Financial Group will support regional specialized investments and employment activation projects worth up to 60 billion KRW annually for Busan companies in management difficulty, and ▲ Busan City will expand the rental fee support targets for the ‘Asset Purchase and Re-leasing Business (S&LB)’ and provide administrative support for collaboration with the two institutions.

According to this agreement, Korea Asset Management Corporation and BNK Financial Group will provide specialized support for Busan companies worth up to 60 billion KRW annually, centered on Korea Asset Management Corporation’s corporate support programs.

In particular, companies receiving support and participating in the city’s employment policy projects (Excellent Employment Companies, Busan 50+ Internship, Youth Employment Excellent Companies, Family-Friendly Certified Companies) will receive an annual rental fee (interest) reduction of up to 40 million KRW from Korea Asset Management Corporation.

Additionally, BNK Financial Group will provide up to 20 million KRW annually in funds for the city’s employment-related policy projects.

Busan City plans to expand the support targets of the ‘Small and Medium Enterprise Asset Purchase & Lease Support’ agreement project, originally promoted for crisis normalization support, to include business restructuring companies for proactive structural improvement and new industry transition, in cooperation with Korea Asset Management Corporation.

Mayor Park Hyung-jun said, “I sincerely thank Korea Asset Management Corporation and BNK Financial Group for joining forces to support Busan local businesspeople facing management crises due to the economic downturn,” and added, “Through this agreement, I hope that local companies struggling with management difficulties will quickly normalize, more good jobs will be created, and a better working environment will be established, contributing to the revitalization of the local economy.”

Busan City Hall.

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