KakaoBank to Launch "Daejeon Win-Win Management Account" in June
Total Loans of 30 Billion Won to Be Provided for Small Business Owners
▲Seok Kim, Head of Banking Group at KakaoBank (right), and Pilhwan Yang, Chairman of Daejeon Credit Guarantee Foundation (left), are taking a commemorative photo at the 'KakaoBank Daejeon Win-Win Management Account Business Agreement Ceremony' held at KakaoBank Pangyo Office on the 28th. Provided by KakaoBank
On May 29, KakaoBank announced that it had signed a business agreement with the Daejeon Credit Guarantee Foundation for the "Win-Win Management Account Financial Support" program to provide financial support for small business owners in the Daejeon region.
The "Daejeon Win-Win Management Account" is a non-face-to-face guaranteed loan product in the form of an overdraft account. It allows small business owners who need urgent funds to borrow and repay as needed within the initial approval period and limit, making it a highly useful product for those requiring flexible financing.
On May 28, KakaoBank held a business agreement ceremony for the "Win-Win Management Account Financial Support" program with the Daejeon Credit Guarantee Foundation at its Pangyo Office in Seongnam. Through this agreement, KakaoBank plans to launch the "Daejeon Win-Win Management Account" in June and provide loans totaling 30 billion won to approximately 3,000 small business owners in the Daejeon region.
Eligible applicants are self-employed individuals who have operated a business in Daejeon for more than one year and have a representative credit score of 745 or higher (based on NICE standards). Each business owner can borrow up to 10 million won. Applications can be made through the KakaoBank application, and the entire loan process, including document submission and screening, is conducted non-face-to-face.
A benefit of a 50% reduction in guarantee fees is also available. Since launching its guaranteed loan product in May 2023, KakaoBank has continuously supported half of the guarantee fees, and new customers who sign up for the "Daejeon Win-Win Management Account" guaranteed loan will also be eligible for this fee reduction benefit.
In March, KakaoBank introduced the "Seoul Safe Account," becoming the first in the financial sector to offer a non-face-to-face guaranteed loan in the form of an overdraft account. The "Seoul Safe Account" gained significant popularity due to its non-face-to-face convenience and cost-saving benefits, with its total supply limit of 200 billion won being rapidly exhausted within just 50 days of launch.
KakaoBank plans to continue launching non-face-to-face guaranteed loan products in partnership with various regional credit guarantee foundations nationwide. In June, the company will introduce the "Modunanum Account" in collaboration with the Incheon Credit Guarantee Foundation, with a total loan supply of 30 billion won.
KakaoBank stated, "We developed this product to help resolve the funding difficulties of small business owners in Daejeon and to improve financial accessibility," adding, "We will continue to expand the range of products and the regions in which they are available so that we can support even more individual business owners in the future."
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