KB Financial Group decided to expand its interest rate preferential program to support small and medium-sized enterprises and small business owners struggling due to sluggish domestic demand and U.S. tariff measures.
According to KB Financial on the 7th, KB Kookmin Bank will increase the loan size subject to the 'branch approval interest rate preferential program' from the current 1.5 trillion won to 3 trillion won. The size of the 'temporary special interest rate preferential program' aimed at small and medium-sized enterprises related to the national strategic industries will also expand from 3 trillion won to 5 trillion won.
Additionally, it will enhance financial support for manufacturing and export companies by contributing a total of 23 billion won to the Korea Credit Guarantee Fund and the Korea Technology Finance Corporation, supplying guarantees worth 840 billion won. For automotive-related companies, a low-interest companion growth loan worth a total of 150 billion won will also be provided through an agreement with the Korea Credit Guarantee Fund.