Shinhan Bank Rolls Up Sleeves for 'Self-Employed Support,' Receives Plaque of Appreciation from Small Business Federation

Shin Yeon-sik, Executive Vice President of Shinhan Bank (right in the photo), and Bae Dong-wook, Chairman of the Korea Federation of Micro Enterprise, are taking a commemorative photo at the appreciation plaque presentation ceremony held on the morning of the 26th at the Korea Federation of Micro Enterprise headquarters located in Sindaebang-dong, Dongjak-gu, Seoul. Photo by Shin Yeon-sik

[Asia Economy Reporter Haeyoung Kwon] Shinhan Bank announced on the 26th that it received a plaque of appreciation from the Korea Federation of Small and Medium Business (KSMB) in recognition of its contribution to helping small business owners overcome the crisis caused by the novel coronavirus infection (COVID-19).

The plaque presentation ceremony was held at the meeting room of the KSMB located in Dongjak-gu, Seoul. The KSMB expressed its gratitude by presenting a plaque to Shinhan Bank for its leading participation in financial support for small business owners, its involvement in the good consumer movement, and its contribution to revitalizing local commercial districts.

Since the end of January, Shinhan Bank has been providing various financial supports for small business owners and SMEs affected by the spread of COVID-19. Through marketing support programs such as the "Our Neighborhood Support Program," the bank has also contributed to increasing the sales of small business owners.

Additionally, since the end of April, Shinhan Bank has actively participated in the good consumer movement. To practice "social distancing," the bank prepaid approximately 1.5 billion KRW in costs related to meetings and workshops that were not held, at restaurants, cafes, and local stores near its headquarters and branches nationwide, revisiting these places to help small business owners overcome the crisis.

A Shinhan Bank official said, "We are grateful to have our various efforts related to supporting small business owners recognized," and added, "We will continue to fulfill our social responsibility by helping small business owners who are the foundation of the local economy."

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