KB Kookmin Bank Contributes 21.8 Billion KRW to the Korea Inclusive Finance Agency... Agreement Signed

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KB Kookmin Bank announced on the 23rd that it has signed a “Banking Sector Contribution Agreement to the Korea Inclusive Finance Agency for Strengthening the Support System for Low-Income Finance” with the Korea Inclusive Finance Agency.

This agreement is part of the banking sector’s voluntary program to support livelihood finance. KB Kookmin Bank plans to contribute 21.8 billion KRW to the Korea Inclusive Finance Agency to actively respond to the financial needs of socially vulnerable groups and support the stable maintenance of the low-income finance supply system. Last year, KB Kookmin Bank also supported 7 billion KRW to secure funds for small living expense loans through the Korea Inclusive Finance Agency.

Additionally, KB Kookmin Bank operates a 372.1 billion KRW banking sector livelihood finance support program. This is the largest scale among participating banks and is divided into a common program of 300.5 billion KRW for “Interest Cashback for Self-Employed and Small Business Owners” and a voluntary program of 71.6 billion KRW.

In February of this year, interest cashback support began for approximately 260,000 individual business owners. On the 4th, as part of the voluntary program, KB Kookmin Bank launched the “KB Small Business Support Project,” a 15 billion KRW initiative that refunds guarantee fees and loan interest to small business owners who received non-face-to-face guaranteed loans or unsecured loans.

Furthermore, KB Kookmin Bank is providing low-interest funds amounting to 100 billion KRW to excellent low-income financial companies to promote the use of institutional finance and reduce interest burdens for low-credit vulnerable borrowers.

Moreover, since September last year, KB Financial Group has been operating the “KB Ma-eumgage” campaign as the first program of the “KB Together Project.” This campaign continuously supports small business owners by sharing their stories and signature menus, offering customers warm meals at reasonable prices despite high inflation.

A KB Kookmin Bank official stated, “Through this agreement, we hope to provide practical help to low-income people and socially vulnerable groups struggling with high interest rates and high inflation,” adding, “We will continue to develop diverse and practical support measures to practice win-win finance and corporate social responsibility.”

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