KB Kookmin Bank announced on the 18th that it will implement customized financial support to alleviate the financial burden on small business owners and self-employed individuals struggling due to currency fluctuations.
KB Kookmin Bank will provide financial support, such as extending the payment deadlines for letters of credit, to all individual business operators using import letters of credit. Applications can be made at branches, and KB Kookmin Bank plans to support small business owners promptly through swift processing.
This financial support has been prepared to actively assist small businesses using import letters of credit to ensure there are no liquidity issues due to delays in payment for sales. KB Kookmin Bank will closely monitor the instability of the financial market and implement additional support measures.
A KB Kookmin Bank official noted, "We have prepared financial support measures to help small business owners continue their operations stably amid the recent unstable domestic economic conditions."