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Finance

IBK Industrial Bank to provide 200 billion won in financial support to young startups

IBK Industrial Bank said it will provide 200 billion won in financial support for promising startups led by young entrepreneurs, in partnership with the Korea Credit Guarantee Fund. The bank said it signed a business agreement on Aug. 20 and will launch the IBK Promising Youth Startup Loan on Aug. 21. Eligible firms are those that receive guarantee certificates from the fund. The bank will offer working capital and facility funding of up to 3 billion won per company, with interest rate cuts of up to 1.5 percentage points.

Finance

Shinhan Bank launches SuperSOL mid-rate loan for mid-to-low credit borrowers

Shinhan Bank will launch its SuperSOL Mid-Rate Loan on Aug. 21, offering a non-face-to-face mid-rate credit loan for mid-to-low credit borrowers. The product targets customers in the bottom 50 percent of NICE or KCB credit scores. Loans are available up to 20 million won per person at fixed annual rates of 5.5 to 6.9 percent, with maturities up to 36 months. Preferential rate discounts of up to 1.4 percentage points apply.

Finance

KB Kookmin Bank to hold KB Goodjob fair in Busan in October, seeks participating firms

KB Kookmin Bank said on Wednesday it will recruit companies until Sept. 4 to participate in the 2026 KB Goodjob Busan JOB Festival. The job fair will be held on Oct. 26 at Hall 1 of Exhibition Center 1 at BEXCO in Busan and is jointly hosted by the Ministry of Employment and Labor, the Busan Metropolitan City government and the bank. The bank said it will provide hiring support and loan rate benefits to participating firms.