Busan Bank and Kyongnam Bank to Provide 1.6 Trillion Won in Special Chuseok Holiday Funds

Joint Support for "BNK 2025 Chuseok Special Loans"
from September 1 to October 31, 800 Billion Won Each
Up to 3 Billion Won Per Company and
Maximum 1.0% Interest Rate Reduction
for Local Start-ups and Job-Creating Enterprises

BNK Financial Group (Chairman Bin Daein) announced on September 1 that Busan Bank and Kyongnam Bank will provide a total of 1.6 trillion won in "BNK 2025 Chuseok Special Loans" to support local small and medium-sized enterprises (SMEs) and small business owners during the Chuseok holiday.

This Chuseok Special Loan program is aimed at alleviating the funding difficulties of local SMEs struggling with economic downturn, liquidity shortages, and declining sales, as well as revitalizing the local economy. The support will be available for approximately two months, from September 1 to October 31, with each bank providing 800 billion won (400 billion won in new loans and 400 billion won in loan extensions), totaling 1.6 trillion won.

The main beneficiaries include: ▲ long-term partner SMEs ▲ local start-ups ▲ SMEs with outstanding technological capabilities ▲ companies creating local jobs ▲ SMEs operating in local government strategic industries ▲ and companies with a strong repayment record.

The maximum loan limit per company is 3 billion won, and up to a 1.0 percentage point interest rate reduction will be offered to help local SMEs reduce their financial costs.

Further details on the Chuseok Special Loan can be obtained at all branches and customer centers of Busan Bank and Kyongnam Bank.

A representative from BNK Financial Group stated, "We hope this special loan will support local small business owners who are facing management difficulties due to the ongoing economic recession," adding, "BNK Financial Group will continue to do its best as the leading financial institution representing the region."

BNK Financial Group.

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