South Korea’s flood relief financing push has widened as BNK Financial Group launched a ₩200 billion emergency support package for residents and businesses affected by torrential rainfall, adding to measures already announced by KB Kookmin, Shinhan, Hana and Woori. BNK said on the 18th that Busan Bank and Kyongnam Bank will each provide ₩100 billion for affected small and medium-sized enterprises and individual customers in the Yeongnam region, where recent flooding has disrupted local communities. Under the program, damaged SMEs can access emergency working capital of up to ₩500 million per company and facility funding needed to restore damaged sites, while individuals can receive up to ₩20 million in emergency living stabilization and recovery funds. New loans will carry interest rate reductions of up to 1.0 percentage point, and existing borrowers nearing maturity can receive extensions without separate principal repayment as well as deferred installment payments. Like the major banks’ programs, BNK’s support requires proof of damage from local authorities or other objective documentation when a formal certificate is difficult to obtain. The group is also sending bottled water, daily necessities, meal support and employee volunteer assistance to badly affected areas as part of broader efforts to ease short-term liquidity pressure and support recovery.