ISSUE BRIEFING
Samsung Injecting 200,000 Million Won into Samsung Miso Financial Foundation to Expand Low-Interest Loans for Vulnerable Groups and Self-Employed in Financial Blind Spots
Samsung announced on the 16th that it will contribute a total of 200 billion won to the Samsung Miso Financial Foundation to expand inclusive finance. Samsung Electronics will provide 150 billion won, while financial affiliates including Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Card, and Samsung Securities will jointly contribute 50 billion won. This contribution is the second implementation project of the '5 trillion won social contribution over 5 years' promise announced last May. The raised funds will be used to support startup, business operation, and emergency living funds with collateral-free, guarantor-free, low-interest loans of 4.5% per annum or lower, and are expected to benefit about 40,000 people. Applications can be made by eligible individuals, such as those in the bottom 20% of credit ratings and basic livelihood recipients, through the Korea Inclusive Finance Agency app, website, 1397, or branch consultations.
Samsung announced on the 16th that it will contribute a total of 200 billion won to the Samsung Miso Financial Foundation to expand inclusive finance. Samsung Electronics will provide 150 billion won, while financial affiliates including Samsung Life Insurance, Samsung Fire & Marine Insurance, Samsung Card, and Samsung Securities will jointly contribute 50 billion won. This contribution is the second implementation project of the '5 trillion won social contribution over 5 years' promise announced last May. The raised funds will be used to support startup, business operation, and emergency living funds with collateral-free, guarantor-free, low-interest loans of 4.5% per annum or lower, and are expected to benefit about 40,000 people. Applications can be made by eligible individuals, such as those in the bottom 20% of credit ratings and basic livelihood recipients, through the Korea Inclusive Finance Agency app, website, 1397, or branch consultations.
The Second Implementation of '5 Trillion Won Social Contribution Over 5 Years'… Filling Financial Blind Spots with Collateral-Free, Guarantor-Free, Low-Interest Loans of 4.5% Per Annum or Lower Samsung Electronics Contributes 150 Billion Won and Financial Affiliates Jointly Contribute 50 Billion Won… "Sharing the Fruit…
KBR Access
You've used up this month's KBR News reads
Non-members can read a limited amount of KBR News content. Sign up for free or check the membership guide to keep reading.
This month's reading: 1 / 1 used
KBR NEWSLETTER
Sign up for free and get the KBR Newsletter!
Sign up and opt in to the newsletter to receive KBR's curated business and economic insights by email.
LATEST IN TOPIC
Latest in this topic
OECD Forecasts 2.9% Global Growth for This Year: Can South Korea's Upward Growth Revision Be Read as Expanding Corporate Demand?
The Real Difference Between Regular and Contract Workers: The Employment Boundary Divided by 'Two Years'
Children Who Are Good at Math but Struggle with Choices: Why Elementary Economic Education Is NeededRELATED CONTENT
Related Content
Why Germans Overestimated Chinese Investment by 30x, and Why Trust Doesn't Change Even When the Numbers Are Corrected
FreeVietnam, Once Called the Land of Opportunity: Is It Still?
FreeSeoul Ranks 5th Globally in Innovation Clusters: Conditions for Collaboration and Commercialization that Businesses Must Read from WIPO Rankings
