KB Kookmin Bank is set to offer a total of 15.2 trillion won in financial support to small and medium-sized enterprises (SMEs) and small business owners in anticipation of the Chuseok holiday, when demand for funds typically increases.
On September 2, KB Kookmin Bank announced it will provide 6.2 trillion won in new loans and 9 trillion won in maturity extensions, totaling 15.2 trillion won. Each company can borrow up to 1 billion won, depending on their financial needs.
To ease the financial burden, the bank will allow companies to extend loan maturities without repaying part of the principal at maturity, and will also offer options for deferring installment payments. Additionally, borrowers can receive interest rate discounts of up to 1.5 percentage points for both new loans and maturity extensions.
A representative from KB Kookmin Bank stated, "This support is designed to alleviate the financial difficulties faced by SMEs and small business owners during the Chuseok season and to help stabilize their operations. We will continue to monitor the financial needs on the ground and provide necessary support going forward."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.