Hyundai Motor Partners with Shinhan Bank to Develop Customized Automotive Finance Products

Launch of Partnership Savings Product
Preferential Interest Rate Benefits

Hyundai Motor Company and Shinhan Bank are collaborating to develop automotive finance products for their customers.

On December 15, Hyundai Motor Company signed a Memorandum of Understanding (MOU) for the development of automotive finance products at its Gangnam-daero headquarters, with Seungchan Kim, Head of Domestic Business Division at Hyundai Motor Company, and Hosik Jang, Head of CIB Group at Shinhan Bank, in attendance.

Seungchan Kim, Head of Domestic Business Division at Hyundai Motor Company (left), signed a Memorandum of Understanding (MOU) with Hosik Jang, Head of the Corporate and Investment Banking Group at Shinhan Bank, on the 15th to develop automotive finance products. Hyundai Motor Company

The two companies have agreed to jointly launch and promote partnership savings products that offer various benefits to customers. They plan to introduce a savings product early next year that provides preferential interest rates to Shinhan Bank customers who wish to purchase Hyundai vehicles.

Starting with the launch of the partnership savings product, Hyundai Motor Company and Shinhan Bank plan to further develop additional automotive finance products to provide a range of benefits to both companies' customers.

A Hyundai Motor Company representative stated, "Through this business agreement with Shinhan Bank, we have established the foundation for a strategic partnership," adding, "We will continue to strengthen cross-industry cooperation to deliver greater value to our customers."

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