Busan Bank to Provide 1 Trillion Won in Financial Support for Local and Marine Companies

1 Trillion Won 'BNK Himchan Leap Fund' Launched
Full-Scale Support to Boost Local Economy and Marine Industry
Maximizing Benefits from Ministry Relocation and Expanding Regional Bank Role

BNK Busan Bank announced that starting from August 21, it will establish the 'BNK Himchan Leap Fund' worth 1 trillion won to revitalize the local economy and enhance the competitiveness of the marine and fisheries industry, and will begin providing full-scale support.

This fund has been created to maximize the effect of the Ministry of Oceans and Fisheries' relocation to Busan, strengthen financial support for leading small and medium-sized enterprises in the region, and expand Busan Bank's role as a regional bank. The funds will be allocated and managed according to the type of supported companies: 200 billion won for industry-leading companies, 600 billion won for companies with growth potential, and 200 billion won for companies engaged in the marine and fisheries industry.

In the Busan, Ulsan, and Gyeongnam regions, industry-leading companies can receive up to 10 billion won per company, companies with growth potential can receive up to 5 billion won per company, and companies in the marine logistics, fisheries, and shipbuilding sectors can receive up to 10 billion won per company. Selected companies will be eligible for working capital and facility funds according to their needs, and preferential interest rates will also be offered.

Kang Seokrae, Head of Corporate Customer Group at Busan Bank, stated, "The relocation of the Ministry of Oceans and Fisheries to Busan is opening new growth opportunities for the local industry," and added, "Through the 'BNK Himchan Leap Fund,' we will help realize these benefits and contribute to revitalizing the region's core industries."