Hana Bank announced on the 29th that it will provide 420 billion won in financial support by making an additional special contribution of 10.7 billion won to the Korea Credit Guarantee Fund (KODIT) and Korea Technology Finance Corporation (KOTEC) to recover the real economy and strengthen industrial competitiveness.
This support is designed to assist small and medium-sized enterprises in overcoming crises and to promote innovative growth among exporting companies. Earlier, Hana Bank provided 31.1 billion won in the first half of this year, allowing for 1.27 trillion won in financial support.
In addition, it plans to make a further special contribution of 10.7 billion won in the second half of the year and enter into individual agreements with the Korea Credit Guarantee Fund (KODIT) and Korea Technology Finance Corporation (KOTEC), offering guarantees and guarantee fees with preferential guarantee rates (over 90%).
Through this, Hana Bank plans to provide 420 billion won in financial support to promising small and medium-sized enterprises with technological capabilities and growth potential.
Lee Ho-seong, chairman of Hana Bank, noted, "I hope this financial support will be a practical help to small and medium-sized enterprises struggling due to the economic downturn," and added, "Hana Bank will continue to provide all possible support for small and medium-sized enterprises to lead the recovery of the real economy as a driving force for economic growth."