On the 11th, Industrial Bank of Korea announced that it will provide special support amounting to 300 billion won to corporations that are facing temporary difficulties due to the corporate rehabilitation process of Daesang.
Industrial Bank of Korea will support up to 500 million won per corporation for working capital, including payments for goods and payroll, for Daesang corporations experiencing temporary cash shortages, and will also reduce the loan interest rate by up to 1.3 percentage points. Additionally, it will support the extension of loan maturities without principal repayment for up to one year at maturity and defer repayment on partitioning loans.
Industrial Bank of Korea is actively responding to stabilize the management of Daesang corporations by monitoring the status of the sales receivables of Daesang in real time.
An official from Industrial Bank of Korea noted, "We decided on prompt support to help small corporations that have suddenly suffered damage to get back on their feet."