Gwangju Bank opened the 'Jeonnam Gwangju Financial Support Center' in Gwangsan District, Gwangju, on September 30, providing financial support to low-income and vulnerable groups as well as small business owners.
The Gwangsan District support center is the second of its kind in the country, following the opening of the Busan support center in July.
The center houses the Korea Financial Services Agency, the Credit Recovery Commission, Gwangju Bank, and the Miso Financial Corporation, offering one-stop services for policy financial support, debt adjustment, and employment and welfare counseling.
It also introduces a regionally tailored product, the 'Jeonnam Gwangju Hope Ladder' savings and loan program, in collaboration with relevant agencies.
This initiative aims to help customers of policy financial services stabilize their access to formal financial systems and support the self-reliance and recovery of financially vulnerable groups.
Notably, the 'Jeonnam Gwangju Hope Ladder Loan' offers an additional preferential interest rate of 0.5 percentage points to individual business owners with reported annual income below 50 million won who operate in the integrated special city of Jeonnam Gwangju.
Customers who enroll in the program will also receive free consulting services for small business owners.
Gwangju Bank aims to assist low-income and vulnerable groups, as well as small business owners facing various challenges, in accessing necessary services more conveniently.
For residents who find it difficult to visit the center, the program will also include 'outreach support' in collaboration with relevant agencies, bringing services directly to various local areas.
This approach is designed to enhance accessibility to a range of services, including policy financial support, employment, and welfare.
The opening ceremony on September 30 was attended by Financial Services Commission Chairman Lee Ok-yeon, Jeonnam Gwangju Integrated Special City Deputy Mayor Hwang Gi-yeon, Korea Financial Services Agency President Kim Eun-kyung, and Gwangju Bank President Jeong Il-seon.
* This article has been translated by AI.
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