South Korea's Financial Services Commission announced a local corporate financing support plan on November 2: Banks plan to contribute 300 billion KRW over three years, with guarantee institutions providing financing guarantees approximately 15 times the contributed amount. This initiative aims to facilitate approximately 4.5 trillion KRW in guaranteed loans to small and medium-sized enterprises (SMEs) and mid-sized companies in relevant regions over the next three years. Loan provisions are scheduled to begin in Q1 2027, with eligible companies recommended by local governments and reviewed by an expert committee.