IBK Industrial Bank Launches ‘Gyeonggi Small Business Gitnae GO Card’ to Support Local Entrepreneurs

IBK Industrial Bank of Korea has announced the launch of the ‘Gyeonggi Small Business Gitnae GO Card’, a corporate credit card designed to support small business owners in Gyeonggi Province.

This innovative card is the first in the financial sector to grant a card limit based on a guarantee, providing eligible business owners with a credit limit of up to 5 million won. The card’s use is limited to business-related purchases, and there are no interest charges, guarantee fees, or annual fees.

To be eligible for the card, individual business owners must be located in Gyeonggi-do and have received a special guarantee through the Gyeonggi Credit Guarantee Foundation. The card limit can be extended by one year for up to five years, providing long-term financial support to small business owners.

In addition to the card, Industrial Bank of Korea is offering interest-free installments for up to 6 months and a 3% cashback event (up to 100,000 won per year) to help small business owners make smooth financial plans.

An official from Industrial Bank of Korea stated, “We have launched this product to stabilize the management and ease the financial burden of small business owners in the Gyeonggi Province. We will continue to strive to come up with various support measures to help local entrepreneurs thrive.”

By providing this innovative financial solution, IBK Industrial Bank is demonstrating its commitment to supporting the growth and development of small businesses in Gyeonggi Province.