Shinhan Bank Signs Business Agreement with OCI to Promote K-New Deal Projects

Expansion of Investment and Financial Support in OCI's Renewable Energy and Eco-friendly Industries
Dedicated to Building Infrastructure Including Financial Advisory and Arrangement for Successful K-New Deal Implementation

At the agreement ceremony held at the headquarters of OCI Corporation located in Sogong-dong, Jung-gu, Seoul, Jin Ok-dong, President of Shinhan Bank (left), and Lee Woo-hyun, Vice Chairman and CEO, pose for a commemorative photo.

[Asia Economy Reporter Jo Gang-wook] Shinhan Bank announced on the 30th that it has signed a business agreement with OCI to promote the K-New Deal project.

Through this agreement, Shinhan Bank will support OCI's various renewable energy-related projects with financial advisory and underwriting services, and strengthen strategic partnerships by actively cooperating in fostering industries related to the green new deal, a future growth industry.

In addition, Shinhan Bank plans to introduce a business model where large corporations and partner companies can coexist by providing financial consulting services to OCI's partner companies.

In particular, Shinhan Bank plans to lead the digital new deal by actively supporting digital finance such as ▲ kiosk banking ▲ home/AI banking ▲ financial services based on urban life data in the 'City OCIEL' urban development project of OCI's subsidiary DCRE.

A Shinhan Bank official said, "Through this agreement, we will actively participate in building K-New Deal infrastructure and do our best in the role of finance to ensure the success of the Korean New Deal."

Meanwhile, Shinhan Financial Group, as the first East Asian financial group, declared a 'Zero Carbon Drive' and is expanding eco-friendly financial support such as loan support for eco-friendly technology companies and capital investment in renewable energy projects.

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