Hana Bank Delivers Guarantee Certificate for "Financial Support to Strengthen the Export Supply Chain of the Auto Parts Industry"

Delivery of First Guarantee Certificate Together with HL Mando and Korea Trade Insurance Corporation
Part of a Business Agreement to Jointly Contribute 8 Billion Won with HL Mando and Support 102 Billion Won in Export Financing

At an event held on the 17th at the KAC Ban-gye Factory located in Wonju, Gangwon Province, Jin Geonchang, Head of Foreign Exchange Business Division at Hana Bank (third from the left in the photo), is taking a commemorative photo with Kim Sungil, Vice President of HL Mando (first from the left), Ha Youngbong, CEO of KAC Co., Ltd. (second from the left), and Jang Jinwook, Vice President of Korea Trade Insurance Corporation (fourth from the left). Hana Bank
Photo by Hana Bank

Hana Bank announced on the 18th that, on the 17th, it visited KAC Co., Ltd., the first company to receive support under the "Financial Support for Strengthening the Export Supply Chain of the Auto Parts Industry" program, together with HL Mando and Korea Trade Insurance Corporation. During the visit, they delivered a guarantee certificate and agreed to continue providing substantial financial support, including liquidity assistance.

This "Financial Support for Strengthening the Export Supply Chain of the Auto Parts Industry" program is part of a business agreement signed between Hana Bank and HL Group in September to stabilize the management of auto parts export companies facing potential direct and indirect damage from the implementation of reciprocal tariffs by the United States. Hana Bank (6 billion won) and HL Mando (2 billion won) have jointly contributed a total of 8 billion won, which will support export financing worth 102 billion won.

The program targets partner companies recommended by HL Mando, a specialized auto parts production company within HL Group. Selected companies will receive substantial financial benefits, including 100% support for guarantee fees, preferential loan interest rates, and preferential treatment for foreign exchange fees and exchange rates.

The event held on this day at the KAC Co., Ltd. Ban-gye Plant in Wonju, Gangwon Province, was organized to encourage the first company to receive a guarantee certificate and to promote ongoing win-win cooperation between large corporations and small and medium-sized enterprises.

KAC Co., Ltd., selected as the first guarantee recipient, is a small export company that manufactures auto parts such as steering systems and supplies them to companies including HL Mando. Youngbong Ha, CEO of KAC Co., Ltd., stated, "As financial burdens increased amid domestic and global economic uncertainty, we were recommended for the 'Financial Support for Strengthening the Export Supply Chain of the Auto Parts Industry' program and decided to participate. Not only did we receive preferential guarantee limits, but also the significant benefit of 100% support for guarantee fees, which will greatly help strengthen our export competitiveness."

Jingeon Chang, Head of the Foreign Exchange Business Division at Hana Bank, said, "I am pleased that the public and private sectors have worked together to achieve results through the 'Financial Support for Strengthening the Export Supply Chain of the Auto Parts Industry' program to help export companies overcome management crises. Hana Bank will continue to provide a variety of financial support to invigorate corporate investment and exports going forward."

Meanwhile, in October, Hana Financial Group established the "Economic Growth Strategy TF," with participation from all affiliates, to overcome the structural low-growth crisis caused by increasing domestic and global economic uncertainty and to secure new national growth engines for the future. The group announced the "Hana All Growth Project," which will invest 100 trillion won by 2030 in areas such as support for companies affected by tariffs, productive finance, inclusive finance, financial consumer protection, digital finance leadership, and nationwide asset management support.

In addition, to provide prompt on-site support for affected companies, "Tariff Response and Financial Support Consultation Desks" have been set up at branches nationwide, offering comprehensive consultations and support including export finance, corporate loan foreign exchange fee benefits, and management consulting. The group is also operating "On-site Consulting," in which experts from headquarters visit companies directly to provide consultation, further assisting export companies in overcoming their difficulties.

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