KB Kookmin Bank Signs Business Agreement with Small Enterprise and Market Service Agency

Introduction of 'Non-Face-to-Face One-Stop Policy Fund Service'
100% Non-Face-to-Face Processing of 3 Trillion KRW Policy Fund Loans

▲On the 21st, at the new building of KB Kookmin Bank located in Yeongdeungpo-gu, Seoul, Park Seong-hyo, Chairman of the Small Enterprise and Market Service (right), and Lee Hwan-joo, President of KB Kookmin Bank, are posing for a commemorative photo at the business agreement ceremony.

KB Kookmin Bank announced on the 22nd that it has signed a Memorandum of Understanding (MOU) with the Small Enterprise and Market Service to provide close support for small business owners.

The signing ceremony, held the previous day at the new building of KB Kookmin Bank in Yeouido, Seoul, was attended by Park Seonghyo, Chairman of the Small Enterprise and Market Service, Lee Hwanju, President of KB Kookmin Bank, and other officials from both organizations.

This agreement was established to offer "easy and fast win-win financial services" to small business owners who are busy with their livelihoods.

According to the agreement, both organizations will build a 'non-face-to-face one-stop policy fund service' process to reduce interest costs for small business owners and operate a 'Small Business Consulting Center' to provide customized services needed by small business owners.

First, KB Kookmin Bank will introduce the 'non-face-to-face one-stop policy fund service' in connection with the Small Enterprise and Market Service.

Until now, customers had to visit multiple institutions such as the Small Enterprise and Market Service, the Credit Guarantee Foundation, and banks to submit documents and undergo screening to obtain loans, which was inconvenient. To resolve this inconvenience, KB Kookmin Bank will link with the Small Enterprise and Market Service’s IT system to enable all processes to be conducted non-face-to-face through the 'non-face-to-face one-stop policy fund service.'

This service is scheduled to open in the first quarter of this year. KB Kookmin Bank plans to actively support the alleviation of financial burdens on small business owners by more conveniently providing low-interest policy funds, which the Small Enterprise and Market Service operates on an annual scale of 3 trillion KRW.

Additionally, KB Kookmin Bank will jointly operate a 'Small Business Consulting Center' with the Small Enterprise and Market Service by utilizing branch office spaces. Customers visiting the 'Small Business Consulting Center' can receive guidance on various support projects at the service’s consultation desk, and at the bank’s consultation desk, they can receive policy fund loans and management consulting, allowing small business owners to use the most necessary services from both organizations in a one-stop manner.

To operate the 'Small Business Consulting Center,' KB Kookmin Bank will provide branch office space free of charge to the Small Enterprise and Market Service. Considering local commercial districts and location conditions, the center will first open in pilot operation areas and then expand to up to 30 nationwide key locations to be used as regional win-win spaces.

Park Seonghyo, Chairman of the Small Enterprise and Market Service, who attended the signing ceremony, said, "Through this agreement, we have improved financial accessibility for small business owners and created an environment where they can focus more on their livelihoods. As a reliable partner for small business owners, we will fulfill our role to ensure continuous growth."

Lee Hwanju, President of KB Kookmin Bank, stated, "This agreement was prepared to promote 'non-face-to-face win-win finance establishment' and 'joint operation model of regional win-win spaces' with the goal of co-growth with small business owners. We will continue to support the sustainable growth of small business owners and the realization of win-win values."

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