Kim Sung-tae, CEO of Industrial Bank of Korea, "Actively Supporting SMEs to Overcome Crisis"

On the 12th, at the Small and Medium Business Field Meeting held at Seongnam Chamber of Commerce and Industry, Kim Sung-tae, President of IBK Industrial Bank, is seen conversing with representatives of small and medium enterprises. Photo by IBK Industrial Bank.

On the 12th, IBK Industrial Bank of Korea held an on-site meeting with 20 representatives of small and medium-sized enterprises (SMEs) located in eastern Gyeonggi, including Seongnam, Gwangju, and Icheon, at the Seongnam Chamber of Commerce and Industry in Seongnam, Gyeonggi-do.

Kim Seong-tae, President of IBK Industrial Bank of Korea, who attended the meeting, said, "It was a meaningful occasion to hear directly from a variety of companies on the ground, from those leading economic development through traditional manufacturing to IT and semiconductor companies that will lead the future." He added, "We will prioritize supporting SMEs in overcoming crises by expanding financial and non-financial support and will do our best to discover and nurture technologically excellent companies."

At the meeting, SME representatives expressed difficulties in management due to prolonged low growth and domestic and international environmental uncertainties, and requested financial support.

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