Hana Bank-Gyeonggi·Seoul Credit Guarantee Foundation Mobile One-Stop Guaranteed Loan Development MOU

On the afternoon of the 13th, at the Hana Bank headquarters in Euljiro, Jung-gu, Seoul, Ji Sung-kyu, President of Hana Bank (center), is taking a commemorative photo with Lee Min-woo, Chairman of Gyeonggi Credit Guarantee Foundation (right), and Han Jong-kwan, Chairman of Seoul Credit Guarantee Foundation, during the business agreement ceremony for the development of mobile one-stop guaranteed loans. Photo by Hana Bank

[Asia Economy Reporter Kim Min-young] Hana Bank announced on the 14th that it has signed a Memorandum of Understanding (MOU) with Gyeonggi Credit Guarantee Foundation and Seoul Credit Guarantee Foundation to develop a mobile one-stop guaranteed loan service.

Through this agreement, Hana Bank and the two foundations plan to establish the financial sector's first one-stop guaranteed loan process that links the issuance of guarantee certificates by the foundations with collateralized loans by the bank on a mobile platform.

This will enable borrowers to receive guarantee certificates and execute loans via a mobile platform without needing to visit the foundations or the bank in person.

The bank and the two foundations especially expect that busy small business owners will be able to handle loan procedures quickly and conveniently.

Through this agreement, Hana Bank and each foundation plan to continue collaborating to discover innovative financial services suitable for the mobile environment.

Jisung Kyu, CEO of Hana Bank, stated, “This agreement will realize easier and faster financial services for small business owners in the mobile space,” adding, “We will continue to strive to contribute to the sustainable growth of South Korea’s economy, which is strong due to small and medium-sized enterprises and small business owners.”

The signing ceremony was held the previous afternoon at the bank’s headquarters in Euljiro, Jung-gu, Seoul, attended by CEO Ji, Lee Min-woo, Chairman of Gyeonggi Credit Guarantee Foundation, and Han Jong-kwan, Chairman of Seoul Credit Guarantee Foundation.

This content was produced with the assistance of AI translation services.