LS Group and Shinhan Bank Sign Business Agreement to Foster Eco-friendly and Future Industries

On the 27th, LS Group and Shinhan Bank signed an MOU for the "Creation of an Eco-friendly Industrial Ecosystem and the Promotion of Future Industries" at the Shinhan Bank headquarters on Sejong-daero, Seoul. (From left) Jin Ok-dong, President of Shinhan Bank, Koo Ja-eun, Chairman of LS Group.

[Asia Economy Reporter Jin-ho Kim] LS Group announced on the 27th that it signed a "Strategic Business Agreement for the Creation of an Eco-friendly Industrial Ecosystem and the Promotion of Future Industries" with Shinhan Bank. LS Group Chairman Koo Ja-eun and Shinhan Bank President Jin Ok-dong attended the signing ceremony.

Through the business agreement, LS Group and Shinhan Bank plan to expand transactions in various fields, including ▲financial support for expanding ESG management and reducing carbon emissions ▲financial, educational, and consulting support for win-win cooperation with partner companies ▲providing financial solutions for future-oriented business transformation ▲financial support for domestic and overseas LS affiliates.

Chairman Koo said at the signing ceremony, "LS Group is focusing on nurturing future promising businesses such as electric vehicle parts and charging solutions, submarine cables, and renewable energy sectors like solar power in line with the era's trend of carbon neutrality and energy transition," adding, "We hope that LS and Shinhan Bank will closely cooperate in the future to become leading companies and banks in the eco-friendly energy solutions sector, achieving mutual win-win outcomes."

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