NongHyup Bank Provides Up to 500 Million KRW Loans to Homeplus Partner Companies
NH Nonghyup Bank announced on the 11th that it will provide financial support to Homeplus partner companies. The target includes corporations and individual business owners who can provide proof of partnership with Homeplus.
Nonghyup Bank will offer new loans of up to 500 million KRW per company. General corporations and individual business owners will receive preferential interest rates up to 2.0 percentage points, while farmers will be offered a preferential rate of 2.6 percentage points. Payment of interest and installment principal will also be deferred.
The support period is from today until December 31 of this year.
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Nonghyup Bank stated, “This support is aimed at the rapid stabilization of management for partner companies facing difficulties due to Homeplus’s corporate rehabilitation application.”
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