NH NongHyup Bank will provide 150 billion won in financial support to ease funding costs for locally based businesses, including village enterprises. The bank said on Aug. 13 it will make a special contribution of 10 billion won to regional credit guarantee foundations nationwide to 추진 tailored financing of 150 billion won. It will also lower interest burdens through interest subsidies linked to local government partnership loans.

NH Nonghyup Financial Group will promote a “regional close-to-home finance project” as a key task in the second half of the year. It plans to expand investment and lending to region-specific industries and companies and focus group capabilities on easing the financial burden of vulnerable groups and delinquent debtors. The group reviewed second-half plans at a special committee meeting in Seoul and said it supplied a total of 14 trillion won in productive and inclusive finance in the first half.