Enhancing financial support and convenience in using finance during the Lunar New Year holiday

Enhancing financial support and convenience in using finance during the Lunar New Year holiday

Country

South Korea

State / City

National

Posted date

2024-02-05
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The financial sector is expanding the supply of funds to small and medium-sized businesses and preparing various policies to ensure that there are no inconveniences in people's financial use during the holiday period. This includes expanding the supply of funds to resolve people's economic difficulties, enhancing consumer convenience in using finance during the Lunar New Year holiday, and guidance on financial transactions during the Lunar New Year holiday and strengthening financial security and internal control.

Instrument

Allocation of Funds
Loan & Loan Guarantees
Interest Rate Support

Purpose

Economic resilience
Production incentives
SME aid

Agency

Banking Department of South Korea, Korea Development Bank, Industrial Bank of Korea, Korea Credit Guarantee Fund

Sector

Cross-sectoral

Data+Law uuid

KOR_03747_Program

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