Busan Bank-Jugumgong Establish Regional SME Support Fund

KRW 20 Billion Scale
Up to KRW 500 Million Limit per Company
1.7% Point Reduced Interest Rate Offered

BNK Busan Bank has signed an agreement with the Korea Housing Finance Corporation to establish a loan fund for small and medium-sized enterprises (SMEs) located in Busan.

On the 30th, Busan Bank and the Korea Housing Finance Corporation announced that they had signed a "Mutual Growth Financial Support Agreement for Startups and Economic Revitalization." Through this agreement, Busan Bank and the Housing Finance Corporation will create a mutual growth loan fund worth a total of 20 billion KRW, providing loan support of up to 500 million KRW per company along with a 1.7 percentage point interest rate reduction benefit.

The support targets SMEs located in Busan that have been in operation for more than two years, including companies that create jobs, technology-leading startups, and companies contributing to technology transfer.

Bang Seong-bin, President of Busan Bank, stated, "Through this agreement, we will actively support local SMEs, which are the core of Busan's economy, to ensure stable business operations," and added, "Busan Bank will continue to do its best to empower the local economy through various support policies for regional industrial development."

BNK Busan Bank signed a "Mutual Growth Financial Support Agreement for Startups and Economic Revitalization" with the Korea Housing Finance Corporation on the 30th. Photo by BNK Busan Bank