Hana Bank Signs MOU with Korea International Trade Association for 'Financial Support for Export-Import Companies'

Hana Bank and the Korea International Trade Association (KITA) announced on the afternoon of the 20th that they signed a business agreement at KITA headquarters to provide financial support for export-import companies and will offer customized financial assistance to KITA member companies struggling due to the prolonged COVID-19 pandemic. The photo shows Ji-hwan Park, Vice President of Hana Bank CIB Group (left), and Gwan-seop Lee, Vice Chairman of KITA (right), posing for a commemorative photo at the signing ceremony. Photo by XXX

[Asia Economy Reporter Kiho Sung] Hana Bank announced on the 21st that it has signed a "Business Agreement for Financial Support of Export and Import Companies" with the Korea International Trade Association (KITA) to strengthen the export competitiveness of KITA member companies.

This win-win agreement provides customized financial benefits related to export and import for KITA member companies who are first-time foreign exchange customers of Hana Bank, including ▲preferential fees for issuing and accepting letters of credit ▲preferential exchange rates for overseas remittances (major three currencies: Dollar, Euro, Yen) ▲additional support for export financing with With Loan (a program supporting guarantee fees when policy guarantee institutions issue guarantees).

Additionally, Hana Bank, in cooperation with Hana Card, offers further preferential overseas remittance exchange rates and fees to first-time foreign exchange customers of Hana Bank who are issued the ‘Hana KITA Membership Corporate Card,’ and Hana Card separately provides specialized services for export/import and overseas business trips tailored to customers issued the ‘Hana KITA Membership Corporate Card.’

Park Jihwan, Vice President of Hana Bank’s CIB Group, stated, "Through this business agreement, we will provide timely financial support benefits and professional consulting services to KITA member companies struggling due to the prolonged COVID-19 pandemic, offering practical assistance, and at the same time, become a reliable partner for the development of Korea’s trade."