Hana Bank Partners with KOTRA to Support Domestic Companies and Export Novice Businesses

Support for Customized Consulting and Guarantee Fees

[Asia Economy Reporter Minwoo Lee] Hana Bank has partnered with the Korea Trade-Investment Promotion Agency (KOTRA) to support domestic companies in transitioning into export companies.

On the 24th, Hana Bank announced that it signed a business agreement with KOTRA to establish a mutual cooperation system and decided to participate in KOTRA's "Domestic Companies Export Promotion Project."

This project supports domestic companies with no overseas direct exports in the previous year and beginner export companies whose overseas direct exports were less than $100,000 (approximately 120 million KRW) in the previous year.

Hana Bank plans to provide various customized benefits to companies participating in the Domestic Companies Export Promotion Project, including ▲ export-import finance briefings (twice a year) ▲ KOTRA-Hana Bank branch-linked consultations ▲ foreign exchange and export-import finance specialized consulting. Additionally, financial benefits such as support for guarantee fees will be provided when using guarantee-backed loans from guarantee institutions (Korea Trade Insurance Corporation, Korea Credit Guarantee Fund, Korea Technology Finance Corporation) through Hana Bank.

A representative from Hana Bank's Foreign Exchange Business Division stated, "Through this agreement, we can provide essential benefits to small and medium-sized enterprises aspiring to enter the global stage and help reduce their financial burdens, thereby supporting their business operations. Going forward, Hana Bank will continue to do its best to support competitive SMEs in soaring into the global market."

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