Hana Bank Actively Supports SMEs Leading ESG... Allocates 100 Billion Won

100 Billion KRW Financial Support for Innovative Growth of ESG Management Companies and Success of Korean New Deal
First Collaborative System Established Between Banks and Financial Public Enterprises to Promote ESG Management

At the business agreement ceremony, Park Seong-ho, CEO of Hana Bank (left in the photo), and Jeong Yun-mo, Chairman of the Korea Technology Finance Corporation (right in the photo), are posing for a commemorative photo.

[Asia Economy Reporter Kiho Sung] Hana Bank is launching support for ESG (Environmental, Social, and Governance) management small and medium-sized enterprises (SMEs) with a total scale of 100 billion KRW.

Hana Bank announced on the 29th that it signed a business agreement with the Korea Technology Finance Corporation to support ESG management and Korean New Deal companies, aiming to ensure the success of the Korean New Deal and the innovative growth of ESG management companies.

The business agreement signed the previous day was established to build a customized support system for the growth of companies leading ESG management and the fostering of Korean New Deal industries, jointly by Hana Bank and the Korea Technology Finance Corporation, and to actively provide ESG financial support including liquidity support and reduction of financial costs.

In particular, this business agreement is significant as it marks the first step toward joint ESG financial support through strengthened cooperation between banks and financial public enterprises, going beyond ESG support activities at the individual financial institution level, to promote the global trend of ESG management.

Through this agreement, Hana Bank will broadly support SMEs across various fields with a total fund of 100 billion KRW. The support targets include technologically capable ▲Eco-friendly (Green New Deal) companies ▲Social responsibility (strengthening social safety nets) companies ▲Digital New Deal companies ▲Regional balanced New Deal companies ▲ESG excellent SMEs recommended by Hana Bank.

Selected SMEs for this support will receive various financial benefits through Hana Bank’s guarantee-backed loans, including ▲0.2% guarantee fee support from Hana Bank ▲increase in guarantee ratio through Hana Bank’s special contribution ▲0.2% guarantee fee reduction support from the Korea Technology Finance Corporation ▲loan interest rate reductions, among others.

Park Sung-ho, CEO of Hana Bank, stated, “Through collaboration with the Korea Technology Finance Corporation, we will help create and grow new national engines ranging from Korean New Deal companies to ESG management companies,” and added, “Through this agreement, we will not only fulfill the role of a bank leading the success of the Korean New Deal but also become a reliable partner supporting the innovative growth of SMEs by fostering an ESG management environment.”