BNK Busan Bank Provides Special Loans Worth 200 Billion KRW to Investment Companies in Busan

Up to 10 Billion KRW Support Per Company Starting April 4
Interest Rate Discounts of Up to 1.60 Percentage Points to Ease Financial Burden

BNK Busan Bank (President Bang Seongbin) announced on the 7th that it will launch the "Special Loan for Investment Companies and Returning Companies in Busan" to revitalize the local economy of Busan and attract companies to the region.

The special loan is available to companies that have relocated their business sites to Busan, or are currently building or planning to build R&D centers or factories as "investment companies or prospective investment companies in Busan." Companies that are moving into or planning to move into the Opportunity Development Zones in the Busan-Ulsan-Gyeongnam (Bu-Ul-Gyeong) region, as well as returning companies preparing to relocate to the Bu-Ul-Gyeong region, are also eligible for this special loan support.

This special loan program, totaling 200 billion KRW, will support up to 10 billion KRW per company. In addition, to reduce the financial burden on eligible companies, interest rate discounts of up to 1.60 percentage points will be provided.

Details about the "Special Loan for Investment Companies and Returning Companies in Busan" can be found at all Busan Bank branches and through the customer center.

Kang Seokrae, Head of Corporate Customer Group at Busan Bank, said, "For the local economy to take off again, it is important to attract healthy companies to the region and create an environment where they can settle stably." He added, "Busan Bank will actively support these companies so they can take root firmly in the region, and through this, we will lead the sustainable growth and development of the local economy."

Busan Bank Headquarters.