KB Kookmin and Korea Securities Finance Sign 'Mutual Growth Agreement'... "Contributing to Employee Stock Ownership Activation"

Loan Interest Rate Reduced by 1.52%P for SMEs Introducing Employee Stock Ownership Plan
Customized Non-Financial Services Provided Including ESG Consulting

KB Kookmin Bank has signed a 'Win-Win Growth Agreement for Mutual Growth and Realization of Social Value' with Korea Securities Finance.

The signing ceremony held on the 22nd at KB Kookmin Bank's new building in Yeouido, Seoul, was attended by Yoon Chang-ho, President of Korea Securities Finance, Lee Jae-geun, President of KB Kookmin Bank, and officials from both institutions.

Through this agreement, the two organizations will support comprehensive services encompassing financial and non-financial aspects with a loan fund of 40 billion KRW to promote mutual growth and win-win cooperation with small and medium-sized enterprises (SMEs) introducing the employee stock ownership plan who are experiencing economic difficulties.

KB Kookmin Bank will provide financial services through a dedicated product called the ‘KB Win-Win Growth Agreement Cooperative Loan,’ offering a loan interest rate reduction of 1.52%P per annum up to 1 billion KRW per company, with additional reductions based on transaction contribution and credit rating. In addition, customized non-financial services such as ESG consulting, financial and tax diagnosis, Wise consulting for business succession, and KB Good Job services to provide opportunities for recruiting outstanding talent will also be offered.

Yoon Chang-ho, President of Korea Securities Finance, said, “Through this agreement, we will provide interest rate reduction benefits to SMEs struggling with recent high interest rates and further contribute to the activation of the employee stock ownership plan among SMEs. We will continue our efforts for mutual growth with SMEs and workers.”

Lee Jae-geun, President of KB Kookmin Bank, added, “We have prepared various customized services to provide practical help, including alleviating financial burdens for SMEs facing economic crises. We will continue to do our best to promote win-win finance and fulfill corporate social responsibility.”