Kim Ki-hong JB Financial's Opposition to 3rd Term Ends with Union Struggle... "Supporting Community-Based Win-Win Finance"

Gwangju Bank Union Conducts Joint Negotiations with CEO

On the 29th, it was announced that the labor union of Gwangju Bank, which has been opposing the third term reappointment of JB Financial Group Chairman Kim Ki-hong since the 13th, concluded its struggle through joint negotiations between the CEOs of the three JB Financial companies (Gwangju Bank, Jeonbuk Bank, and JB Capital) and the union chairpersons on the 27th.

Along with this announcement, Gwangju Bank revealed a co-growth plan to practice regionally focused win-win financial support. To this end, it will strengthen financial support for local small and medium-sized enterprises (SMEs) and small business owners by expanding corporate finance organizations and customized financial services.

Specifically, by 2025, Gwangju Bank plans to operate specialized SME loans tailored to the Gwangju and Jeonnam regions, expand financial support for small businesses and small business owners, and enhance communication-based sales activities reflecting customer demands at branch offices. It will operate loan-specialized products with expanded preferential interest rates for excellent SMEs to promote regional co-prosperity. Through special contributions to the regional guarantee foundation, it will expand new guarantee-backed loans for small businesses and small business owners and provide preferential interest rates for regional co-prosperity.

The Gwangju Bank labor union stated, “As the representative bank of Gwangju and Jeonnam, Gwangju Bank will continue to fulfill its role as a labor union to bring the bank closer to the local community.”