Hana Bank and KOTEC to Provide 20 Billion Won for Future Strategic Industries in Chungcheong Region

Hana Bank announced on the 10th that it signed a business agreement with the Korea Technology Finance Corporation on the 9th for "Productive Financial Support for Nurturing Future Strategic Industries (ABCDEF) in the Chungcheong Region."

Lee Dongyeol, vice president of Hana Bank's Chungcheong Hana Group (left), and Lee Jaepil, executive director of the Korea Technology Finance Corporation, signed an agreement on "Productive financing support to foster future strategic industries in the Chungcheong region" on the 9th at the Korea Technology Finance Corporation's Chungcheong Regional Headquarters and are posing for a commemorative photo. Provided by Hana Bank

This agreement was prepared to identify and foster future growth engines of the regional economy by supporting stable business operations and growth of small and medium-sized enterprises (SMEs) engaged in national future strategic industries and located in the Chungcheong region.

To this end, Hana Bank will make a special contribution of 1 billion won to the Korea Technology Finance Corporation and, through its guarantee support, will provide a total of 20 billion won in working capital to SMEs located in the Chungcheong region.

The support targets are SMEs that possess technological capabilities and are engaged in future strategic industries in Daejeon Metropolitan City, Sejong Special Self-Governing City, Chungcheongnam-do, and Chungcheongbuk-do. They can obtain loans secured by guarantee certificates from the Korea Technology Finance Corporation of up to 300 million won. To help reduce SMEs' financing costs, the Korea Technology Finance Corporation will provide preferential guarantee coverage of 100% and a 0.2 percentage-point reduction in guarantee fees.

Lee Dongyeol, Deputy Head of Hana Bank's Chungcheong Hana Group, who attended the signing ceremony, said, "We decided on this special contribution to support SMEs engaged in future strategic industries in the central region, which is one of the five mega-regions driving balanced national growth," adding, "Hana Bank will continue to make every effort to provide productive financial support to secure future growth engines for the regional economy."

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