KB Financial Group Donates 2 Billion Won to Gyeongbuk Province... "Please Use for Low Birthrate and APEC Preparation"

Gyeongbuk Province and KB Financial Group signed a "Business Agreement to Overcome the Low Birthrate Crisis of Small Business Owners and Support the Hosting of the 2025 APEC Summit" at the Gyeongbuk Provincial Office on the 19th.

This business agreement is part of KB Financial Group's regional win-win project and is the first to be conducted with Gyeongbuk Province at the metropolitan provincial level. It is significant in that it aims to promote regional livelihood stability and economic revitalization by overcoming the low birthrate.

Gyeongbuk Provincial Government Office

In particular, it is noteworthy that the public and private sectors will cooperate to solve the nation's biggest challenge, the low birthrate, and mutually collaborate to support the hosting of the globally significant 2025 APEC Summit.

The main contents of the business agreement are that Gyeongbuk Province will promote customized support measures to overcome the low birthrate crisis among local small business owners and support projects for hosting the 2025 APEC Summit, while KB Financial Group will provide 2 billion KRW in project funding.

Gyeongbuk Province is already implementing a project to support substitute labor costs worth approximately 12 million KRW for six months, the first nationwide initiative to assist small business owners who fall into the blind spots of parental leave support policies.

Through this agreement, Gyeongbuk Province and KB Financial Group plan to further expand the support targets for substitute labor costs for small business owners to assist childbirth and childcare, and considering the current difficult economic conditions, they will additionally prepare business management support policies and provide 1 billion KRW in support.

Furthermore, 1 billion KRW will be invested to establish a successful foundation and provide services for the 2025 APEC Summit scheduled to be held in Gyeongju, Gyeongbuk.

Lee Cheol-woo, Governor of Gyeongbuk Province, stated, “This agreement is expected to be a great help in the care sector, especially in supporting childcare and business management for small business owners who are easily overlooked, through the financial support of KB Financial Group at a time when regional livelihood stability and economic revitalization are more important than ever.” He added, “We will also thoroughly prepare for the globally significant APEC Summit to be held next year and make every effort to ensure it becomes the highest-level cultural and economic summit in history.”

Meanwhile, Gyeongbuk Province and KB Financial Group have agreed to discover additional projects and cooperate next year to overcome the low birthrate and support the hosting of the APEC Summit.

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