Hana Bank Signs Business Agreement with Robot Industry Promotion Institute... "Supporting Overseas Market Expansion"

Provision of Financial Support Including Guarantee Fee Assistance, Loan Interest Rate Reduction, and Foreign Exchange Fee Discounts

Hana Bank announced on the morning of the 28th that it signed a "Business Agreement to Support the Global Advancement of the Robot Industry" with the Korea Institute for Robot Industry Advancement at its Euljiro headquarters in Jung-gu, Seoul. After the signing ceremony, Jiseong Kyu, President of Hana Bank (left in the photo), and Moon Jeon-il, President of the Korea Institute for Robot Industry Advancement (right in the photo), are taking a commemorative photo.

[Asia Economy Reporter Park Sun-mi] Hana Bank announced on the 28th that it signed a 'Business Agreement to Support the Global Expansion of the Robot Industry' with the Korea Institute for Robot Industry Advancement at its Euljiro headquarters in Jung-gu, Seoul.

The Korea Institute for Robot Industry Advancement is an institution under the Ministry of Trade, Industry and Energy established to systematically foster the intelligent robot industry. Through this business agreement, both organizations agreed to cooperate to support the overseas expansion of small and medium-sized enterprises (SMEs) and mid-sized companies related to the robot industry.

Under this agreement, the Institute will actively discover and recommend SMEs and mid-sized companies that ▲ possess excellent robot-related technologies or ▲ intend to introduce and utilize robots.

Accordingly, Hana Bank will provide financial support such as ▲ guarantee fee support when issuing guarantees from the Korea Trade Insurance Corporation and the Korea Credit Guarantee Fund ▲ loan interest rate reductions and preferential foreign exchange fees ▲ IP-collateralized loans for SMEs holding intellectual property (patent rights) to the robot industry companies recommended by the Institute.

Furthermore, both organizations will select competitive domestic SMEs and mid-sized companies to revitalize the global market entry of domestic robot companies, providing not only trade finance necessary for exports but also support services for foreign direct investment and global capital attraction.

Jung Sung-kyu, CEO of Hana Bank, stated, “Hana Bank has taken the lead in supporting export companies through the ‘With Loan Export Finance’ product in cooperation with the Korea Trade Insurance Corporation and the Korea Credit Guarantee Fund,” adding, “We are pleased to assist robot export companies aiming for global expansion through this agreement with the Korea Institute for Robot Industry Advancement, and we will continue to create synergy effects through cooperation with each institution.”

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