KB Kookmin Card Offers Interest-Free Installment Support for Merchants with Annual Sales Under 3 Billion Won

Implementation of 'Inclusive Finance Program'
Events to Revitalize Traditional Markets and Local Businesses

KB Kookmin Card announced on August 31 that it will implement an 'Inclusive Finance Program' focused on expanding interest-free installment payments and promoting consumption to support small business owners.

KB Kookmin Card Merchant Interest-Free Installment Support 'Inclusive Finance Program'. KB Kookmin Card

KB Kookmin Card will offer 2- to 3-month interest-free installment plans from next month until the end of November to small business merchants with annual sales of 3 billion KRW or less who are also eligible for the Livelihood Recovery Consumption Coupon. KB Kookmin Card will cover all interest costs.

KB Kookmin Card stated, "Customers can make payments without interest, reducing their financial burden, while merchants can expect increased sales. This will provide practical support for revitalizing small business operations."

Events have also been prepared to ease the burden of Chuseok holiday expenses and boost the local economy.

For payments of 10,000 KRW or more per transaction made with the 'KB Traditional Market Onnuri Card' via KB Pay at small business merchants, additional monthly cashback will be provided from next month through the end of November, based on accumulated amounts: 10% (up to 20,000 KRW) for credit cards and 5% (up to 5,000 KRW) for debit cards, in addition to regular card product services.

This card offers up to a 10% discount (up to 10,000 KRW) at traditional market merchants depending on the previous month's usage, and up to a 10% discount (up to 10,000 KRW) when paying with Onnuri gift certificates. When using Onnuri gift certificates at traditional market merchants, customers can receive overlapping discounts for a maximum benefit of 20% (up to 20,000 KRW).

In addition, during the Chuseok holiday period, KB Kookmin Card will collaborate with the Korea Federation of Merchants to provide 1 million eco-friendly biodegradable plastic bags and 20,000 reusable shopping bags to small business owners in traditional markets.

A KB Kookmin Card representative said, "We have prepared this support measure to help the recovery and growth of small business owners and to revitalize local commercial districts through inclusive finance," adding, "We will continue to expand practical financial benefits in the future."

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