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KakaoBank to provide 17 billion won in loans to small merchants in six Seoul districts

KakaoBank will supply about 17 billion won in loans to small merchants in six districts in Seoul in cooperation with the Seoul Credit Guarantee Foundation and the districts. The bank said it signed a business agreement for special contributions to support local economies. The programme follows a 10 billion won special contribution announced in May, with 5 billion won earmarked for district-linked support. Eligible merchants can borrow up to 100 million won.