South Korea
Digital Asset
KB Kookmin Bank excludes crypto-asset businesses from small-business loan relief program
- KB Kookmin Bank's September 16 prospectus added "digital asset trading and brokerage" to the restricted-industry list for two small-business support loans.
- The excluded programs are the "KB Small Business 119 Plus Long-Term Installment Repayment Loan" and the "KB Small Business 119 Plus Maturity Extension Loan."
- The long-term installment repayment loan converts existing small-business debt into repayment terms of up to 10 years for borrowers facing temporary cash-flow difficulties — an option now unavailable to crypto trading/brokerage operators.