Gwangju Bank will provide a 'Special Loan Fund for Small and Medium Enterprises' worth 300 billion KRW until the 29th of next month.
The loan support limit per company is up to 5 billion KRW, and the interest rate will be preferentially reduced by up to 1.5 percentage points compared to the calculated rate.
Additionally, 300 billion KRW has been allocated to facilitate easy extension of loans that are reaching maturity.
Byung-il Ko, President of Gwangju Bank, said, "We hope this special loan fund support for the Lunar New Year will provide practical help in alleviating financial difficulties for small and medium enterprises and small business owners in the region."
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