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

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.

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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."

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