Hana Bank to Provide 375 Billion KRW in Financial Support to Small Business Owners via Regional Credit Guarantee Foundations

Special Contribution of 30 Billion KRW to Regional Credit Guarantee Foundations,
Preferential Guarantee Ratios and Interest Support for Small Business Owners
Launched "Long-term Installment Repayment for Closed Businesses" in April to Ease Loan Repayment Burden
Lee Hosung, President of Hana Bank: "We Will Be a Reliable Financial Partner for Local Business Owners"

On July 21, Hana Bank announced that it will provide financial support totaling 375 billion KRW by making an additional special contribution of 30 billion KRW to regional credit guarantee foundations, aiming to boost the economic vitality of small business owners and self-employed individuals, as well as to support financially vulnerable groups.

In addition to the 56.5 billion KRW (with a guarantee limit of 902.8 billion KRW) contributed in the first half of the year, Hana Bank has secured guarantee funds through an additional special contribution of 30 billion KRW in the second half. This year, the bank plans to sign individual agreements with regional credit guarantee foundations in the second half and supply guarantee certificates that offer preferential guarantee ratios of 90% or higher.

Through these efforts, Hana Bank will provide financial support totaling 375 billion KRW to small business owners, self-employed individuals, and small enterprises nationwide who have low credit ratings or lack sufficient collateral.

Additionally, as part of its financial support measures for small business owners, Hana Bank has launched the "Long-term Installment Repayment Product for Closed Businesses" to actively support those who have closed or are planning to close their businesses. This program is designed to alleviate the financial burden of business closure for small business owners by allowing them to repay their remaining loans in long-term installments. Since its launch at the end of April, the product has been utilized in a cumulative total of 152 cases, amounting to 6.5 billion KRW as of the end of June 2025.

Furthermore, Hana Bank has introduced the "Small Business Owner 119PLUS Loan," a customized debt adjustment program for small business owners. This program offers long-term installment repayment and interest rate reductions to borrowers who are expected to face repayment difficulties, even if they are currently in good standing. In particular, the bank has quantified and categorized the credit ratings, income, and days overdue of "potentially delinquent borrowers," establishing joint criteria within the banking sector. If borrowers meet these requirements, the review process is simplified to ensure timely debt adjustment.

Lee Hosung, President of Hana Bank, stated, "We hope that this special contribution will provide tangible support to small business owners and help overcome the economic crisis in local communities, contributing to balanced regional growth. Hana Bank will continue to do its utmost as a reliable financial partner, supporting local business owners through practical support programs that strengthen and assist their businesses."

Meanwhile, through its specialized financial brand for small business owners, "Hana The SOHO," Hana Bank has launched a variety of products and services to support the successful future of small business owners in Korea. The bank also provides customized consulting services, including business district analysis and financial and management support tailored to each stage of business?startup, growth, and closure.

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