KB Kookmin Bank Provides 50 Billion Won in Financial Support for Jeonbuk Small Business Owners

Special Contribution of 4 Billion Won to Jeonbuk Province and Jeonbuk Credit Guarantee Foundation
Over 1.1 Trillion Won in Loan Support This Year... "Accelerating Inclusive Finance"

KB Kookmin Bank announced on the 13th that it has contributed 4 billion won to the Jeonbuk Credit Guarantee Foundation together with Jeonbuk Special Self-Governing Province to provide stable funding support for small business owners and small and medium-sized enterprises (SMEs).

This support follows the "2026 More Special Jeonbuk, Support Project for Small Business Owners' Recovery Bo-deum Fund for Co-prosperity and Development" business agreement signed on the 10th with Jeonbuk Province and the Jeonbuk Credit Guarantee Foundation. Based on this agreement, Jeonbuk Province and KB Kookmin Bank will each make a special contribution of 2 billion won to the foundation, thereby supporting guarantee-backed loans totaling 50 billion won.

Eligible companies will be exempt from early repayment fees and receive interest support of 1 percentage point for three years, allowing them to enjoy a tangible reduction in financial costs.

KB Kookmin Bank stated that, with the start of the new year, it continues to provide financial support for local small business owners and SMEs and is taking the lead in implementing inclusive finance.

The bank has contributed 22 billion won to regional credit guarantee foundations in areas such as North Gyeongsang Province, South Jeolla Province, and the Chungcheong region, thereby supporting loans totaling 335 billion won. In particular, this year it plans to support more than 1.1 trillion won in loans through a special contribution of 70 billion won, helping small business owners and SMEs secure funds smoothly.

A KB Kookmin Bank official said, "We hope this support will help small business owners and SMEs continue their businesses in a stable manner," adding, "We will continue to steadily expand inclusive finance and contribute to balanced regional development and the sustainable growth of the Korean economy."

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