Shinhan Bank Makes Special Contribution to Support Vulnerable Small and Medium Enterprises

A Total of 6 Billion KRW Contributed... Shinhan Provides 200 Billion KRW Support Secured by Guarantee Certificates

Shinhan Bank announced on the 6th that it has contributed a total of 6 billion KRW to the Korea Technology Finance Corporation (Kibo), including a special contribution of 5 billion KRW and a guarantee fee subsidy of 1 billion KRW, to support vulnerable small and medium-sized enterprises (SMEs).

This special contribution consists of 4 billion KRW for SMEs in the 12 national strategic technology industries selected by the government, 1 billion KRW for SMEs in the defense industry sector, and 1 billion KRW for guarantee fee subsidies.

The 12 national strategic technology industries selected by the government are ▲Semiconductors & Displays ▲Secondary Batteries ▲Advanced & Mobility ▲Next-Generation Nuclear Power ▲Advanced Bio ▲Aerospace & Marine ▲Hydrogen ▲Cybersecurity ▲Artificial Intelligence ▲Next-Generation Communications ▲Advanced Robotics & Manufacturing ▲Quantum Industry, which are technology groups with significant ripple effects and core national interests.

Through the funds specially contributed by Kibo, guarantee certificates will be issued to support loans for SMEs, and Shinhan Bank will provide working capital loans totaling 200 billion KRW to the respective SMEs using these guarantee certificates as collateral. Shinhan Bank has also launched a dedicated loan product for this financial support.

A Shinhan Bank official stated, “We plan to promote intensive financial support to foster win-win growth with SMEs in the 12 national strategic technology industries,” adding, “We will establish a close cooperative system with the Korea Technology Finance Corporation to contribute to the development of government strategic industries.”

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