KBIZ Chairman Kim visits IBK to express gratitude for the bank’s supports for SMEs

IBK (Industrial Bank of Korea) said that Kim Ki-moon, chairman of the Korea Federation of SMEs (KBIZ), visited the IBK on behalf of small and medium-sized enterprises on July 29 to express his gratitude for the bank’s efforts to support small and medium-sized companies for the past 60 years. IBK celebrates its 60th founding anniversary on Aug. 1

In particular, Chairman Kim said that the IBK has made unusual efforts to support small and medium-sized companies in a difficult economic situation due to COVID-19 since last year, which has helped them overcome the crisis.

Last year, the IBK helped 270,000 small business owners overcome the coronavirus pandemics by supplying 9 trillion won in ultra-low-interest special loans, extending the maturity of small and medium-sized business loans, providing 24 trillion won in new funds, and reducing building rents.

"I can't imagine what small and medium-sized companies would have been like without the IBK in the course of economic growth," Chairman Kim said. "I thank the IBK for its role in supporting small and medium-sized companies in response to many crises and demands of the times."

In response, Yoon Jong-won, president of the IBK, said, "We will continue to stand by small and medium-sized enterprises as we have been a strong supporter of them in the past 60 years.”