FSS: "Woori, Nonghyup, Kookmin Banks Recognized for Excellence in Inclusive and Mutually Beneficial Finance"

The Financial Supervisory Service announced on December 19 that it held an awards ceremony at its headquarters in Yeouido, Seoul, to honor financial institutions and individuals (six institutions and ten individuals) who have contributed to inclusive and mutually beneficial finance over the past year.

In the category of support for low-income finance, Woori Bank and Kyongnam Bank received the Excellence Award. They were recognized for their efforts to alleviate financial difficulties for vulnerable groups by expanding the supply of Sae-Hope Holssi loans, supporting household loan debt adjustment, and improving accessibility to financial services for low-income individuals.

In the category of support for small and medium-sized enterprises, Nonghyup Bank and Kyongnam Bank were awarded. Their contributions included facilitating the supply of loans to SMEs and supporting debt adjustment for self-employed individuals, thereby helping to resolve funding difficulties for small businesses and small business owners.

In the category of management consulting support for the self-employed, Kookmin Bank and Kwangju Bank received awards. They contributed to resolving management challenges and strengthening the self-sufficiency of small business owners by expanding management consulting centers and enhancing customized consulting services.

Among individuals, ten people who actively carried out work such as supporting low-income individuals and SMEs, providing management consulting for the self-employed, and promoting mutually beneficial finance received the Excellence Award.

Kim Byungchil, Deputy Governor of the Financial Supervisory Service, stated, "The banking sector has made efforts to support low-income and vulnerable groups, as well as small business owners, through inclusive and mutually beneficial finance." He added, "We are grateful for this year's efforts to resolve funding difficulties for vulnerable borrowers through programs such as Sae-Hope Holssi, and for actively supporting the economic recovery of delinquent debtors through financial support measures and debt adjustment for small business owners."