KB Financial Group to Provide a Total of 2.5 Billion Won Over Three Years
Support for Creating Energy Self-Reliant Villages in Local Areas
Meal Support for Local SME Workers and University Students
KB Financial Group will provide a total of 2.5 billion won over three years to promote a social contribution program aligned with the Lee Jaemyung administration's "5 Poles and 3 Special Zones" national balanced development strategy. The "5 Poles and 3 Special Zones" strategy refers to a national balanced development plan that divides the country into five major regions and three special regions, and fosters each area in line with its specific characteristics.
KB Financial Group announced on the 26th that it signed a memorandum of understanding with the Ministry of Agriculture, Food and Rural Affairs to promote integrated support for local communities, small and medium-sized enterprises and youth.
KB Financial Group announced on the 26th that it had signed a memorandum of understanding (MOU) with the Ministry of Agriculture, Food and Rural Affairs to promote integrated support for localities, small and medium-sized enterprises, and youth.
Under this agreement, the two parties will simultaneously promote three programs in a package format: support for youth, support for balanced regional development, and support for small and medium-sized enterprises, and plan to provide a total of 2.5 billion won over three years. KB Financial Group will provide a total of 300 million won over three years for the "1,000-Won Breakfast" program, which the Ministry of Agriculture, Food and Rural Affairs and local governments are promoting jointly with universities.
In addition, KB Financial Group will provide a total of 1.6 billion won over three years for a project to install solar power facilities in idle rural spaces. The power generation profits will be used by establishing a regional joint fund. The project will install facilities at a total of 12 sites across the five pole regions: two in the central region, three in the southwest region, two in the Daegyeong region, three in the southeast region, and two in the Gangwon-Jeju region.
At the same time, it will also promote the "Hearty Lunch for Office Workers" project, which aims to reduce dining-out costs for workers at local small and medium-sized enterprises and support the recovery of sales at local restaurants. KB Financial Group plans to provide a total of 600 million won over three years for this project. Through this initiative, it is expected that approximately 400,000 SME workers per year, or a total of 1.2 million workers over three years, will benefit.
KB Kookmin Bank, a major affiliate, has also been holding the "Traditional Market Sharing Love" event since 2011, using local currency to purchase groceries at traditional markets and delivering them to community welfare facilities and neighbors. In addition, this year it plans to support more than 1.1 trillion won in loans to facilitate smooth financing for small and medium-sized enterprises and small business owners.
A KB Financial Group representative said, "We will build an integrated, mutually beneficial model that encompasses youth, regions, and small and medium-sized enterprises to create changes that can be felt on the ground," adding, "We will enhance the execution of the project through public-private cooperation and ensure that its achievements are delivered back to local communities."
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