IBK Industrial Bank, Launches 'Gyeonggi Small Business Owners HimnaeGO Card'

IBK Industrial Bank announced on the 6th that it has launched the first-ever financial sector credit card to support operating funds for small business owners in collaboration with Gyeonggi Province and the Gyeonggi Credit Guarantee Foundation.

The ‘Gyeonggi Small Business Owners HimnaeGO Card’ is the first corporate credit card in the financial sector to grant credit limits based on a guarantee certificate. The card is characterized by its usage being limited to business-related purchases and having no interest charges, guarantee fees, or annual fees.

The card is issued to individual business owners located in Gyeonggi Province who have received a special guarantee certificate through the Gyeonggi Credit Guarantee Foundation. The credit limit is 5 million KRW, and it can be extended annually for up to five years.

IBK Industrial Bank is also running promotions such as interest-free installments for up to six months and a 3% cashback (up to 100,000 KRW annually) to help small business owners using the card plan their finances smoothly.

An IBK Industrial Bank official stated, “This product was launched to stabilize the management and ease the financial burden of small business owners in the Gyeonggi Province area,” adding, “We will continue to strive to prepare various support measures in the future.”