Shinhan Bank Partners with Hyundai Engineering & Construction to Expand Productive Finance

Customized financial solutions combining financial advisory, arrangement, and investment linkage

Shinhan Bank announced on the 18th that it will establish a cooperation framework with Hyundai Engineering & Construction to promote productive finance.

Jung Sanghyuk, President of Shinhan Bank (left), on the 13th at Hyundai Engineering & Construction headquarters in Jongno-gu, Seoul, held a 'Productive Finance Agreement Signing Ceremony' with Lee Hanwoo, CEO of Hyundai Engineering & Construction, and posed for a commemorative photo. Provided by Shinhan Bank.

In this regard, Shinhan Bank signed a business agreement on the 13th at Hyundai Engineering & Construction's headquarters in Jongno-gu, Seoul. The signing ceremony was attended by Jung Sanghyuk, President of Shinhan Bank, and Lee Hanwoo, CEO of Hyundai Engineering & Construction.

With this agreement, the two companies will build a cooperative framework in which finance leads to investment and growth in the real economy and will jointly participate in expanding productive finance. As a first step, they decided to review together the optimal financial support measures tailored to the characteristics and funding needs of each project and to activate a practical cooperation system.

Specifically, under the agreement, Shinhan Bank will strengthen financial cooperation across the entire range of businesses promoted by Hyundai Engineering & Construction, including data centers, renewable energy, infrastructure and environment, and power brokerage transactions. The bank plans to provide funding through project-by-project financial advisory, financial arrangement, and investment linkage.

In particular, the two companies agreed to enhance information sharing and establish a cooperative framework during project implementation, and to work together on the development of financial products and customized financial solutions that fit the characteristics of each project.

A Shinhan Bank official said, "This agreement has laid the foundation for cooperation to expand productive finance that supports national growth engine industries such as data centers, eco-friendly energy, and infrastructure through finance," adding, "Through collaboration with Hyundai Engineering & Construction, we will identify high-quality projects and provide customized financial solutions so that finance can lead to investment and growth in the real economy."

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