KB Kookmin Bank to Provide 50 Billion Won in Loans to Promote SME Retirement Pension Plans

Published 27 Nov.2025 13:53(KST)

KB Kookmin Bank announced on November 27 that it will provide loans totaling approximately 50 billion won to support small and medium-sized enterprises (SMEs) that newly introduce retirement pension plans, aiming to promote the adoption of such plans among SMEs.

This loan support is part of the "Financial Support Agreement for the Promotion of Retirement Pensions," which was signed in May under the supervision of the Ministry of Employment and Labor by KB Kookmin Bank and the Korea Credit Guarantee Fund.

Under the agreement, KB Kookmin Bank will contribute a special fund of 1.6 billion won and a guarantee fee subsidy of 400 million won to the Korea Credit Guarantee Fund, enabling the provision of guarantee-backed loans totaling about 50 billion won. Eligible recipients are SMEs that have newly introduced a retirement pension plan after January 1 of the previous year and have maintained the plan for at least one month. For companies where more than one year has passed since the introduction of the retirement pension plan, only those with a record of contribution payments are eligible for support.

The loan support is divided into two types: the "Special Contribution Agreement Guarantee" and the "Guarantee Fee Support Agreement Guarantee." The maximum guarantee limit per company is 500 million won.

Companies eligible for the "Special Contribution Agreement Guarantee" can receive a 100% guarantee ratio for the first three years, along with a preferential guarantee fee rate reduced by 0.3 percentage points for three years. For those eligible for the "Guarantee Fee Support Agreement Guarantee," the bank will cover an annual guarantee fee of 0.5 percentage points for three years, totaling a 1.5 percentage point reduction in guarantee fees.

A KB Kookmin Bank representative stated, "This support is a practical financial measure to help SMEs introduce and stably operate retirement pension plans," adding, "We will continue to do our utmost to strengthen the retirement safety net for SME workers and expand the adoption of retirement pension plans through cooperation among the private sector, government, and public institutions."