Hana Bank Signs MOU with Defense Industry Mutual Aid Association to Foster and Support K-Defense Industry

Strengthening Global Competitiveness Through Export Support for Defense Companies
Issuing Payment Guarantees and Providing Consulting for Export Processes

▲ On the 5th, after signing a business agreement for fostering and financial support of K-Defense Industry with the Defense Industry Mutual Aid Association, Kim Jin-woo, Vice President of Hana Bank Central Sales Group (left), is taking a commemorative photo with Kim Hee-chul, Standing Vice Chairman of the Defense Industry Mutual Aid Association. Photo by Hana Bank.

Hana Bank announced on the 5th that it has signed a business agreement with the Defense Industry Mutual Aid Association to foster and financially support the K-defense industry.

This agreement was established to contribute to strengthening the global competitiveness of the defense industry, a national strategic project, by creating a global growth foundation through export support for domestic defense industry companies and discovering and nurturing small and medium-sized defense companies with excellent technological capabilities.

Through this, Hana Bank will provide various financial benefits to member companies of the Defense Industry Mutual Aid Association, including ▲ sharing local market information using the largest global network among domestic financial institutions ▲ issuing payment guarantees at each stage of defense industry export contract fulfillment ▲ consulting on export-related financial processes and operations ▲ win-win cooperation loans and preferential exchange rates.

Jinwoo Kim, Vice President of Hana Bank’s Central Sales Group, said, "With this agreement, we will continue to provide substantial financial support so that member companies of the Defense Industry Mutual Aid Association can establish global competitiveness in overseas markets and play a pivotal role. We will become a reliable pillar for the development of the K-defense industry through differentiated financial services based on win-win cooperation."

Heechul Kim, Executive Vice Chairman of the Defense Industry Mutual Aid Association, stated, "Together with Hana Bank, which has the largest global infrastructure in the country, we will strengthen our relationship as strategic partners by issuing export guarantees to member companies and supporting loan interest for small and medium-sized members."

The Defense Industry Mutual Aid Association was launched in July 2021 under the 'Act on the Development and Support of the Defense Industry' and promotes the sound development of the defense industry by providing guarantees necessary for defense industry execution and supporting various mutual aid projects for manufacturing and production facilities to its member companies.

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