KB Kookmin Bank to provide 15.2 trillion won in support for small businesses ahead of Chuseok

KB Kookmin Bank will provide 15.2 trillion won to small and medium-sized enterprises and small-business owners ahead of the Chuseok holiday, when temporary funding needs typically increase.

The bank plans to offer 6.2 trillion won in new loans and extend the maturities of 9 trillion won in existing loans. Each business can borrow up to 1 billion won, within the amount it needs.

Maturity extensions will not require partial repayment of principal. The bank will also offer payment deferrals for installment repayments and interest-rate reductions of up to 1.5 percentage points for new loans and maturity extensions.

A KB Kookmin Bank representative said the measures aim to ease financing difficulties and support business stability during the Chuseok holiday. The bank said it would continue monitoring demand for financial support and provide assistance as needed.

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We 마련ed this support to ease the financial difficulties of small and medium-sized enterprises and small-business owners facing challenges in managing funds during the Chuseok holiday and to help stabilize their businesses. We will continue to closely monitor financial needs in the field and provide the necessary support.