Shinhan Bank to Provide 123 Billion Won in Guarantees for Non-Metropolitan Companies

On March 26, Shinhan Bank announced plans to provide guarantees totaling 123 billion won to strengthen financial support for companies located outside the Seoul metropolitan area.

In relation to this, Shinhan Bank has signed a financial support agreement with the Korea Credit Guarantee Fund to expand regionally specialized productive finance and aid recovery and growth.

This agreement was implemented to support the recovery and progress of companies with headquarters or business sites outside the Seoul metropolitan area. It aims to enhance the independence of local industries in line with the government's national balanced growth policy direction.

Through this agreement, Shinhan Bank plans to supply guarantees totaling 123 billion won and provide additional support for guarantee fees, thereby reducing the financial costs for companies. The bank will improve funding conditions by offering preferential guarantee rates and reduced guarantee fees, and will support stable investment and employment expansion for these companies.

The support targets include regional core industry companies, regional cooperative industry companies, small and medium-sized enterprises relocating to non-metropolitan areas, and regional core companies.

A Shinhan Bank representative stated, "The focus is on strengthening the resilience and growth foundation of local economies through proactive financial support for regional base companies," adding, "We will continue to expand practical support that non-metropolitan companies can truly feel."

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