Sh Suhyup Signs 'Mutual Growth Financial Support' Agreement with Korea Fishing Vessel Cooperative

After the agreement ceremony held on the 4th at the Suhyup Bank annex in Songpa-gu, Seoul, Kim Cheol-hwan, Vice President of the Corporate Group at Suhyup Bank (left), and Kim Ki-woong, Chairman of the Korea Fishing Cooperative Federation, are taking a commemorative photo.
[Photo by Sh Suhyup Bank]

[Asia Economy Reporter Song Seung-seop] Sh Suhyup Bank announced on the 4th that it signed a 'Win-Win Growth Financial Support Business Agreement' with the Korea Fishing Boat Industry Cooperative at the Suhyup Bank annex in Songpa-gu, Seoul.

At the signing ceremony, 10 officials including Kim Cheol-hwan, Vice President of the Corporate Group at Suhyup Bank, and Kim Gi-ung, Director of the Korea Fishing Boat Industry Cooperative, attended.

According to the agreement, Suhyup Bank will provide a preferential interest rate of 1% for one year up to a maximum of 1 billion KRW when member companies recommended by the Korea Fishing Boat Industry Cooperative apply for the agreement loan. Plans are also underway to explore financial support measures for companies struggling due to COVID-19.

Kim Cheol-hwan, Vice President of Suhyup Bank, emphasized, "In the rapidly changing external environment, it is more important than anything else for our stagnant economy to find new vitality," adding, "We will timely supply necessary financial funds to related organizations and fishermen in the marine and fisheries sector."