Martial Arts, Hana Bank Sign Business Agreement to Support Export-Import Financing for Member Companies

The Korea International Trade Association and Hana Bank have signed a business agreement to support export-import financing for the trade industry. On the 20th, at the Trade Tower in Samseong-dong, Seoul, Park Ji-hwan, Vice President of Hana Bank's CIB Group (left in the photo), and Lee Kwan-seop, Vice Chairman of the Trade Association, posed for a commemorative photo. (Photo by Korea International Trade Association)

[Asia Economy Reporter Jeong Hyunjin] The Korea International Trade Association (KITA) announced on the 21st that it has signed a business agreement with Hana Bank to support export-import financing for its member companies.

Under this agreement, Hana Bank will provide financial benefits to KITA member companies starting from mid-next month. First, member companies that open new foreign exchange transactions with Hana Bank will receive preferential fees for issuing and accepting letters of credit, as well as preferential exchange rates for overseas remittances in US dollars, Japanese yen, and euros. Additionally, when securing loans with guarantees from the Korea Trade Insurance Corporation, Hana Bank will provide additional support for the 'With Loan Export Finance' guarantee fees.

Furthermore, the issuance of the 'KITA Membership Card,' which supports the association's annual fee of 150,000 KRW for usage exceeding 30 million KRW per year, is linked with Hana Bank's financial benefits. Member companies that newly open foreign exchange transactions and receive the 'Hana KITA Membership Corporate Card' will enjoy preferential overseas remittance exchange rates and exemption from overseas remittance fees (up to three times per month).

For related inquiries, phone consultations will be available at nearby Hana Bank branches from mid-next month, and inquiries about the KITA Membership Card issuance can be made through the association's Trade Call Center, KITA stated.

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