Korea Housing Finance Corporation Supports Small and Medium Enterprises in Busan Region

BNK Busan Bank Signs Partnership Agreement for Mutual Growth and Economic Revitalization

Korea Housing Finance Corporation (HF Corporation) is stepping up financial support for the co-growth of small and medium-sized enterprises (SMEs) in the Busan area.

On the 30th, HF Corporation signed a "Co-Growth Financial Support Agreement for Startups and Economic Revitalization" with BNK Busan Bank (President Bang Seong-bin) at the Busan Bank headquarters in Nam-gu, Busan.

Korea Housing Finance Corporation is signing a win-win growth and economic revitalization agreement with BNK Busan Bank. Photo by Korea Housing Finance Corporation

According to the agreement, HF Corporation and BNK Busan Bank will establish a fund totaling 20 billion KRW to provide loans at an interest rate 1.70 percentage points lower annually to SMEs in Busan, including ▲job-creating companies ▲technology-holding startups ▲companies contributing to the activation of technology transfer.

President Kim Kyung-hwan said, "We hope this financial support will help the management and job creation of local SMEs," adding, "The corporation will actively strive for co-growth with SMEs."

HF Corporation was recognized for its support activities and win-win cooperation efforts with SMEs, receiving the highest grade for two consecutive years in the "Public Institution Co-Growth Evaluation" hosted by the Ministry of SMEs and Startups, and was awarded a commendation from the Minister of SMEs and Startups at the "2024 Co-Growth Week Ceremony."

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