Social Solidarity Bank Signs Business Agreement with KB Securities

The Social Solidarity Bank (Chairman Yongdeok Kim) announced on Thursday, June 19 that it signed a business agreement (MOU) with KB Securities at the KB Securities headquarters in Yeongdeungpo-gu, Seoul, regarding the operation of the small business support project 'Kkaebi Store'.

This agreement was created with the aim of providing practical support for the sustainable growth, management stability, and strengthening competitiveness of local small business owners who are experiencing management difficulties due to the prolonged economic recession and sluggish domestic demand.

The 'Kkaebi Store' project is funded by KB Securities' social contribution fund, and will provide customized support for all aspects of management, including ▲replacement of old equipment and ▲offline marketing, to participating small business owners. Recruitment of participants is planned to take place in the second half of 2024.

The Social Solidarity Bank plans to promote this project in a field-centered, close-knit operation method, and will also carry out post-management to ensure stable management of participating small business owners.

Kim Yong-deok, chairman of the Social Solidarity Bank, said, “This agreement is meaningful in that it goes beyond simple financial support and provides practical growth opportunities for small business owners to establish a foundation for self-reliance,” adding, “We will continue to support the recovery of the local economy and the sustainable growth of the self-employed.”

KB Securities Vice President Kang Jin-doo said, “Social contribution activities with local communities are one of the important roles of a company,” and added, “I hope this project will provide practical help to small business owners, and we will continue our efforts to create social value in the future.”


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