Busan Bank 200hundred million won, rolling out a series of support measures for small and midsize businesses
Busan Bank is providing 200hundred million won in financial support for mergers and acquisitions involving local small and midsize businesses. Shinhan Bank has signed a succession advisory agreement, while KB Financial Group and the government are easing the burden of workers’ lunch costs and logistics expenses.
Domestic financial companies and government ministries announced a series of support measures for small and midsize businesses on 2026 year 5 month 19 day. The measures include advice on mergers and acquisitions and business succession, lunch cost support for workers, financing for local businesses, and discounts on export logistics costs. The beneficiaries are small and midsize businesses, mid-sized companies, employees of small and midsize businesses, and small and midsize exporters.
Shinhan Bank signed a business agreement with Samjong KPMG to strengthen advisory services on mergers and acquisitions and business succession for small and midsize businesses and mid-sized companies. The two companies will work together in the areas of mergers and acquisitions and business succession for small and midsize businesses and mid-sized companies. The agreement focuses on advising companies through the process of buying and selling businesses and transferring management control.
Busan Bank is providing financial support worth 200hundred million won to promote mergers and acquisitions involving local small and midsize businesses. Eligible recipients are small and midsize businesses in the Busan area. The support is aimed at facilitating mergers and acquisitions involving local businesses.
KB Financial and the Ministry of Agriculture, Food and Rural Affairs support lunch costs for employees of small and medium-sized enterprises. The ministry is pursuing the “Hearty Lunch” program for workers at small and medium-sized businesses. The program provides a discount on lunch costs of 20%.
A postal-rate discount is also being pursued to ease the international logistics cost burden on small and medium-sized exporters. It applies to international logistics services for domestic small and medium-sized businesses. The postal discount support is aimed at reducing costs for companies shipping goods overseas.
The measures announced that day involve the financial sector and the government sharing the effort to reduce different cost burdens. Shinhan Bank and Busan Bank focused on mergers and acquisitions, succession, and financing for regional businesses. Support from KB Financial, the Ministry of Agriculture, Food and Rural Affairs, and the Post Office is intended to lower workers’ meal costs and export shipping costs.