Banks report $363M in low-income support issued in 2024
Published: 31 Jan. 2025, 15:38
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- CHO YONG-JUN
- [email protected]
![Korea Federation of Banks [KOREA FEDERATION OF BANKS]](https://koreajoongangdaily.joins.com/data/photo/2025/01/31/5d801275-68eb-451d-947c-3118e0dab84a.jpg)
Korea Federation of Banks [KOREA FEDERATION OF BANKS]
Banks in Korea provided a total of 528 billion won ($363 million) in financial help to low-income earners and the vulnerable last year, their trade association said Friday.
The financial assistance includes 197 billion won in cash-equivalent support and 230 billion won in low interest-carrying loans, according to the Korea Federation of Banks.
The financial assistance for those people last year was some 88 percent of their planned figure.
The federation also said 1.49 trillion won worth of interest was refunded to smaller firms last year.
Yonhap
with the Korea JoongAng Daily
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