Shinhan Bank and LIG Nex1 Sign Business Agreement to Practice ESG Management

Jeong Ji-ho, Senior Vice President of Shinhan Bank (fourth from the left), and Hong Gil-jun, Head of Management Division at LIG Nex1, are taking a commemorative photo with officials after signing a business agreement.

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 1st that it has signed a business agreement with LIG Nex1 and LIG Nex1 partner companies to support the practice of ESG (Environmental, Social, and Governance) management.

This business agreement was carried out in accordance with the win-win and mutual growth policies continuously promoted by both companies.

LIG Nex1 is establishing a fund worth 10 billion KRW to support partner companies' ESG management practices, providing interest subsidies and support in essential areas such as safety management, quality improvement, and technology development for ESG management.

Shinhan Bank plans to promote financial support such as interest rate reductions and non-financial support including win-win cooperation activities in connection with the 10 billion KRW fund established by LIG Nex1 to expand ESG management.

A Shinhan Bank official stated, "We will continue to offer various products and business partnerships to fulfill our fundamental financial role in creating an ESG ecosystem across the industry."

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