BNK Busan Bank and Korea Housing & Urban Guarantee Corporation Sign Win-Win Payment Agreement for Rental REITs Subcontracting Fees

BNK Busan Bank (President Bang Seongbin) signed a business agreement with the Korea Housing & Urban Guarantee Corporation on September 10 at its Munhyeon-dong headquarters to create a collaborative payment environment for subcontracting fees in the rental REITs business.

This agreement was promoted to establish a stable payment environment for subcontractors participating in the rental REITs business.

The two organizations plan to actively support local construction companies in securing cash liquidity and enhancing payment stability by building a win-win payment system and supporting its utilization.

The "win-win payment system" is an electronic payment system that guarantees cash payment to partner companies on the settlement date and allows them to cash out payments early, with financial costs applied based on the purchasing company's credit rating.

Kang Seokrae, Head of Corporate Customer Group at BNK Busan Bank, stated, "We will continue to provide a safe payment environment so that subcontractors and partner companies can do business with confidence, and we will support the sustainable growth of the regional industrial ecosystem."

BNK Busan Bank is signing a win-win payment agreement for subcontracting fees of rental REITs with Korea Housing & Urban Guarantee Corporation. Provided by BNK Busan Bank