Hana Bank Offers BBQ Founder Ultra-Low Interest Loan at 1% Per Year... Up to 50 Million KRW Limit
MOU Between BBQ and Youth Job Creation
Approximately 5,000 Jobs Expected Annually
On the afternoon of the 3rd, at the Hana Bank headquarters in Euljiro, Jung-gu, Seoul, Ji Sung-kyu, CEO of Hana Bank (left), is taking a commemorative photo with Yoon Hong-geun, Chairman of BBQ, at the signing ceremony for the youth hope and job creation support business agreement between Hana Bank and BBQ. Photo by Hana Bank
View original image[Asia Economy Reporter Minyoung Kim] Hana Bank and BBQ have joined forces to create jobs for young people.
Hana Bank announced on the 4th that it signed a Memorandum of Understanding (MOU) with BBQ to support youth hope and job creation as part of the Korean New Deal policy.
Under this MOU, Hana Bank will provide startup funds of up to 50 million KRW at an ultra-low interest rate of 1% per annum to BBQ franchise founders to create jobs suitable for small capital and non-face-to-face (untact) environments. A company official stated that this is part of participating in the Korean New Deal policy to overcome social difficulties caused by COVID-19 and strengthen the social safety net.
The two companies analyzed that this year, about 1,000 youth employment effects will occur, and from next year, about 3,600 new startups and job creation effects will occur annually. They also expect that when including indirect job creation effects related to food ingredients, logistics, and delivery, more than 5,000 jobs can be created annually.
The two companies are also considering a plan to allow young BBQ founders to promote and advertise their stores on Hana Bank's mobile platform.
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At the signing ceremony held yesterday afternoon at the bank's headquarters in Euljiro, Jung-gu, Seoul, Hana Bank CEO Seonggyu Ji said, "It is meaningful to provide financial services that support win-win cooperation and mutual growth for young entrepreneurs," adding, "In the difficult economic situation caused by COVID-19, we will do our best to provide practical and visible support for the successful implementation of the Korean New Deal."
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