Hana Bank's Neighborhood Market Refresh Project... From Cash Support to Consulting

[Asia Economy Reporter Song Seung-seop] Hana Bank announced on the 8th that it will carry out the 'Alleyway Commercial District Refresh Support Project' to support small business owners and revitalize the local economy.

This project is part of the 'Hana Power On Store' campaign that Hana Financial Group has been conducting since April to support small business owners. The purpose is to improve the business environment of small business owners and strengthen their competitiveness and self-sustainability through necessary education and consulting. The project is jointly participated by the Community Chest of Korea and the Korea Federation of Small and Medium Business.

Hana Bank will select 100 small business sites nationwide through this project. It will support up to 1.5 million KRW per business site for improving the business environment, such as replacing outdoor signs, interior renovations, and replacing outdated and fire safety facilities. Advisory services to enhance the capabilities of small business owners will also be provided. After selecting 15 commercial districts nationwide, customized education and consulting on labor, taxation, and other areas will be provided to 450 small business owners.

A representative from Hana Bank's ESG Planning Department stated, “We plan to continue various projects that can provide practical help to small business owners and financially vulnerable groups who are struggling due to the prolonged COVID-19 pandemic.”