Korea Federation of Small and Medium Businesses and IBK Industrial Bank collaborate to revitalize the Small and Medium Business Mutual Aid Fund... 37% increase in new subscribers

Fund information at branches and IBK BOX nationwide... 37% increase in new subscribers

(Seoul = Yonhap News) Reporter Koo Jeong-mo = The Korea Federation of Small and Medium Businesses announced on the 6th that it, together with IBK Industrial Bank of Korea, will promote a project to revitalize the small and medium-sized business mutual aid fund to support the management stability of small and medium-sized businesses and small business owners.

According to this collaboration, Industrial Bank of Korea will provide information on the Small and Medium Business Mutual Aid Fund through online and offline channels such as branches nationwide and the 'IBK BOX' mobile app.

In addition, an event will be held until the end of next month to provide Naver Pay gift certificates to new customers who sign up online through the QR code on tablets and leaflets provided at branches nationwide.

The Small and Medium Business Mutual Aid Fund is a savings-type loan deduction system exclusively for small and medium-sized businesses, allowing unsecured and unsecured loans up to three times the balance of the payment.

As of the end of last month, the mutual aid fund loan amount was 644.2 billion won, a 12% increase from the same period last year. The number of new companies joining was 3,481, an increase of 37% compared to the same period last year.

Lee Chang-ho, head of the mutual aid business division of the Federation of SMEs and Startups, said, "Through cooperation with Industrial Bank of Korea, we have an opportunity to introduce the mutual aid fund to more small and medium-sized businesses and small business owners. Through collaboration with various organizations, we will increase accessibility to the mutual aid fund so that small and medium-sized businesses can prepare for crises and receive practical financial support."