BNK Kyongnam Bank Signs "Yangsan City Small Business Special Guarantee Support Agreement"

Financial Support of 7.5 Billion KRW
for Local Small Businesses

On August 6, BNK Kyongnam Bank signed the "2025 Yangsan City Small Business Special Guarantee Support Business Agreement."

Yangsan City Small Business Special Guarantee 업무 Agreement Ceremony.

The agreement ceremony, held at Yangsan City Hall, was attended by Kim Taehan, President of BNK Kyongnam Bank, Na Dongyeon, Mayor of Yangsan City, and Lee Hyogeun, Chairman of the Gyeongnam Credit Guarantee Foundation, among others.

The purpose of this agreement is to support the resurgence of small businesses in the Yangsan area facing management difficulties and to contribute to revitalizing the local economy.

BNK Kyongnam Bank made a special contribution of 500 million KRW as guarantee funds to support local small businesses financially.

The Gyeongnam Credit Guarantee Foundation will provide up to 7.5 billion KRW in guarantees-15 times the special contribution-offering a maximum of 50 million KRW per small business, and will apply a preferential guarantee rate of 95%.

Yangsan City will ease the interest burden on local small businesses by providing a 2.5% interest subsidy for 48 months.

Small business owners in the Yangsan area who wish to receive financial support can inquire in advance and visit any BNK Kyongnam Bank branch located in Yangsan.

President Kim Taehan stated, "We expect this agreement to provide practical assistance to local small businesses and invigorate the local economy. BNK Kyongnam Bank will continue to practice mutually beneficial finance and remain committed to supporting Yangsan City's various initiatives to revitalize neighborhood businesses."

Meanwhile, in May, BNK Kyongnam Bank signed the "Small Business Hope Sharing Mutual Growth Financial Business Agreement" with Yangsan City and provided low-interest loans to individual business owners in Yangsan within a total limit of 2 billion KRW.

This year, BNK Kyongnam Bank has increased the limit for the "Small Business Hope Sharing Mutual Growth Finance" program, which provides low-interest loans to local small businesses, and has expanded its operation to all 18 cities and counties in Gyeongnam Province as well as throughout Ulsan Metropolitan City.

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