Support for SME Retirement Pension Introduction... IBK, Ministry of Employment and Labor, and Korea Credit Guarantee Fund Sign Business Agreement

Loan Support Business Agreement Signed on May 2

IBK Industrial Bank announced on May 2 that it had signed a business agreement for loan support to promote retirement pensions with the Ministry of Employment and Labor, the Korea Credit Guarantee Fund, and participating banks in the loan support program at the Korea Federation of Banks in Jung-gu, Seoul.

On the 2nd, at the Retirement Pension Loan Support Business Agreement Ceremony held at the Korea Federation of Banks in Jung-gu, Seoul, Kim Minseok, Vice Minister of Employment and Labor (center front row), Lee Seungeun, Executive Vice President of the Pension Business Group at IBK Industrial Bank (second from the right in the front row), and Lee Sungjoo, Executive Director of the Korea Credit Guarantee Fund (third from the right in the front row), are posing for a commemorative photo. IBK Industrial Bank

Through this agreement, IBK Industrial Bank will make a special contribution to the Korea Credit Guarantee Fund to provide working capital support for small and medium-sized enterprises (SMEs) that have introduced retirement pensions. The Korea Credit Guarantee Fund plans to use these funds to provide guarantee support under the agreement.

An IBK Industrial Bank official stated, "We expect that this agreement will help alleviate the financial burden on SMEs, promote the adoption of retirement pensions, and contribute to securing retirement income for workers," adding, "As the bank with the largest number of SME clients, we will do our utmost to support small and medium-sized enterprises."