KB Financial Partners with Agriculture Ministry to Sponsor "Workplace Lunch Support Program"

Up to 40,000 Won Monthly Lunch Subsidy for SME Employees
A Public-Private Win-Win Model by Government, Local Authorities, and KB
"Relieving Inflation Burden... Expecting a Virtuous Economic Cycle"

KB Financial Group announced on May 19 that it will participate in the "Workplace Lunch Support Program" in cooperation with the Ministry of Agriculture, Food and Rural Affairs and local governments, aiming to reduce lunch expenses for employees of small and medium-sized enterprises (SMEs).

This initiative was established to support SME workers who are facing increased lunch costs due to high inflation. The purpose is to lessen the financial burden of meals for employees while encouraging them to use local dining establishments, thereby boosting sales for small business owners in neighborhood commercial districts.

The program targets employees who currently receive lunch subsidies from SMEs as defined by the Framework Act on Small and Medium Enterprises. Selected employees will receive a 20% discount on payments made at general restaurants, snack bars, bakeries, and similar food service outlets between 11 a.m. and 3 p.m. on weekdays. Support is provided up to a maximum of 40,000 won per person per month.

SMEs wishing to participate can review the program guidelines posted on the Workplace Lunch Support Program website and apply through their respective local government offices.

Local governments will comprehensively review the eligibility criteria and the necessity of support for employees before finalizing the recipient companies. Employees of the selected companies can receive lunch dining discounts through card companies or digital meal voucher platforms.

KB Financial Group emphasized that the program is a "public-private win-win cooperation model" jointly led by the government, local governments, and KB Financial Group. Local governments select eligible companies within their jurisdictions, while KB Financial Group, as a private sponsor, provides partial funding for lunch dining expenses to ensure the stable implementation of the program. Through this, the group aims to enhance employee welfare at regional SMEs and revitalize local commercial districts, thereby establishing a virtuous cycle for the local economy.

A KB Financial Group official stated, "This is a field-oriented win-win model," adding, "We will continue to expand practical, community-based inclusive financial support that can be directly felt at the local level, and grow together with the community."

Meanwhile, KB Financial Group is actively pursuing inclusive finance as a core initiative to enhance financial accessibility for low-income and vulnerable groups. The company is strengthening the financial safety net through the expansion of win-win finance programs and community-based support such as financial education and counseling. Even after this agreement, KB Financial Group plans to broaden its foundation for sustainable win-win cooperation through practical support that connects local communities and generations.

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