Hana Financial Group Actively Provides Financial Support to Companies Affected by COVID-19

Kim Jung-tae, Chairman of Hana Financial Group (second from left), is holding an emergency meeting on financial support for companies affected by COVID-19 with CEOs and group heads of affiliated companies, including Ji Sung-kyu, President of Hana Bank (first from left), and Jang Kyung-hoon, President of Hana Card (third from left). Photo by Hana Financial Group

[Asia Economy Reporter Kim Min-young] Hana Financial Group announced on the 2nd that it will actively implement financial support for small and medium-sized enterprises (SMEs), mid-sized companies, and small business owners who are struggling due to the novel coronavirus disease (COVID-19).

On the same day, immediately after a breakfast meeting attended by Financial Services Commission Chairman Eun Sung-soo and the CEOs of the five major financial holding companies, Hana Financial Group Chairman Kim Jung-tae held an emergency meeting with the CEOs and group heads of affiliated companies to share the results of the meeting and made this decision.

Chairman Kim urged that, to overcome COVID-19, the CEOs should take the lead and all employees should participate, actively implementing priority support measures for affected companies, individuals, and local communities.

Chairman Kim stated, “This is the time for all employees within the group to participate and fully demonstrate Hana Financial’s mission to overcome the national crisis caused by COVID-19,” adding, “We have agreed that all employees will join efforts to revitalize the local economy by supporting struggling small business owners.”

He also said, “Let us overcome this crisis by combining the efforts of various institutions doing their best in their respective positions, especially the medical staff showing a spirit of sacrifice, so that we can use this as a stepping stone for further growth.”

Hana Financial, considering the difficulty for SMEs, mid-sized companies, and small business owners in the Daegu and Gyeongbuk regions to visit branches in person due to hardships, decided to implement a non-face-to-face automatic extension of loan maturities.

Hana Financial stated, “We plan to make every effort within the group to quickly recover from the damage caused by the spread of COVID-19, prevent further damage, and revitalize the local economy through active financial support for affected companies such as small business owners in the affected regions, thereby overcoming this national crisis.”

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