KB Kookmin Bank will support small and medium-sized companies struggling due to the Middle East war and the effects of high oil prices and a weak won. The bank said it signed an agreement with the Korea Technology Finance Corp to provide inclusive financial support to help firms overcome the crisis. KB Kookmin Bank plans a 5 billion won contribution and about 230 billion won in guarantee-backed loans, with preferential guarantee ratios and fee support for eligible companies.

Woori Bank will join hands with the Korea Credit Guarantee Fund to supply large-scale funding to support small and medium-sized businesses. The bank said it signed an agreement on inclusive financial support to respond to complex economic crises. Woori Bank will contribute 6 billion won to the fund to provide 240 billion won in financial support, including to vulnerable sectors linked to oil and prices, small businesses and supply-chain companies.