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

Additional 10 Billion KRW Fund Established to Support ESG Management of Partner Companies

[Asia Economy Reporter Yoo Je-hoon] Shinhan Bank announced on the 18th that it has signed a business agreement to support the Environmental, Social, and Governance (ESG) management practices of LIG Nex1 and its partner companies. This agreement is part of the mutual growth and win-win policies that both companies have been continuously promoting.

Through this agreement, LIG Nex1 will establish a fund worth 10 billion KRW to support partner companies in safety management, quality improvement, technology development, and interest subsidies related to ESG management. Shinhan Bank will provide financial support such as interest rate reductions linked to the established fund for ESG management, as well as non-financial support including activities that promote mutual cooperation.

A Shinhan Bank official stated, "This agreement allows us to expand the support targets for LIG Nex1’s partner companies, which has been implemented since last year," adding, "We will continue to strengthen financial support for mutual growth and fulfill our fundamental role in creating a virtuous cycle of cooperation."

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