BNK Financial Group announced on July 8 that it will actively pursue comprehensive financial support for businesses and low-income households to aid in regional economic recovery and growth.
The initiative aims to connect anchor companies and partner firms in key local industries into a single industrial ecosystem, providing integrated financial and non-financial services. It is unusual for a regional financial group to establish a combined support system for corporate and low-income financing.
To facilitate this, a new 'Busan-Ulsan-Gyeongnam Business Support Center' (tentative name) will be established to serve as a control tower. The center will offer rapid credit assessment support and tailored non-financial services, such as management consulting, to businesses facing temporary cash flow issues.
Support for low-income households will also be included. Through the recently opened 'Comprehensive Financial Support Center for Low-Income Households,' the group plans to provide a range of financial and non-financial services, including debt relief for vulnerable groups, mid-interest loans, and management consulting for small businesses.
A BNK Financial Group official stated, "We will continue to expand productive and inclusive finance that provides practical assistance to local industries and the regional economy in line with government and local government policies."
The initiative aims to connect anchor companies and partner firms in key local industries into a single industrial ecosystem, providing integrated financial and non-financial services. It is unusual for a regional financial group to establish a combined support system for corporate and low-income financing.
To facilitate this, a new 'Busan-Ulsan-Gyeongnam Business Support Center' (tentative name) will be established to serve as a control tower. The center will offer rapid credit assessment support and tailored non-financial services, such as management consulting, to businesses facing temporary cash flow issues.
Support for low-income households will also be included. Through the recently opened 'Comprehensive Financial Support Center for Low-Income Households,' the group plans to provide a range of financial and non-financial services, including debt relief for vulnerable groups, mid-interest loans, and management consulting for small businesses.
A BNK Financial Group official stated, "We will continue to expand productive and inclusive finance that provides practical assistance to local industries and the regional economy in line with government and local government policies."
* This article has been translated by AI.
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