KB Kookmin Bank Provides Financial Support to SMEs for Chuseok Holiday

[Financial News] KB Kookmin Bank announced on the 2nd that it will provide a total of 15.2 trillion won (6.2 trillion won in new loans and 9 trillion won in maturity extensions) to small and medium-sized enterprises and small business owners who are struggling with business operations due to a temporary increase in demand for funds ahead of the Chuseok holiday.
The maximum loan amount per company is up to 1 billion KRW, within the scope of required funds. Maturity extensions are permitted without conditions for partial principal repayment, and financial support such as deferment of installment payments is also provided. In addition, interest rate discounts of up to 1.5%p are offered for new loans and maturity extensions.
A KB Kookmin Bank official said, "We will continue to carefully monitor financial needs on the ground and provide necessary support."

[email protected] Ye Byeong-jeong Reporter