LIG Nex1 Provides Another Generous Support to Partners... Adds 10 Billion Won 'Win-Win Fund', "We Will Help Partners with ESG Management"

Strengthening Financial Support for Mutual Growth to Sustain a Virtuous Cycle of Win-Win Cooperation

On the 17th, Hong Gil-jun, Head of Management at LIG Nex1 (right), and Kang Shin-tae, Vice President of Shinhan Bank, signed a win-win growth business agreement at the Shinhan Bank headquarters.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] LIG Nex1 has once again made a generous support effort to help its partners with ESG management. Following last year, it will additionally establish a 10 billion KRW scale 'Win-Win Fund' together with Shinhan Bank.

On the 17th, LIG Nex1 announced on the 25th that Hong Gil-jun, CFO of LIG Nex1's Management Headquarters, and Kang Shin-tae, Vice President of Shinhan Bank, along with other key officials, attended a business agreement (MOU) signing at Shinhan Bank's headquarters in Jung-gu, Seoul, to promote ESG management practices and mutual growth with partner companies.

Through this agreement, both companies decided to expand and implement the win-win and mutual growth policies they have been continuously pursuing. The plan is to achieve sustainable management and fulfill social responsibility to create a virtuous cycle of mutual growth.

Since September last year, LIG Nex1 and Shinhan Bank have established a 10 billion KRW scale Win-Win Fund to expand financial support for partner companies and have been promoting financial assistance to these partners.

Under this agreement, the Win-Win Fund size will be expanded from 10 billion KRW to 20 billion KRW, providing benefits such as interest rate reductions to many partner companies facing difficulties due to COVID-19 and unstable bond markets.

Hong Gil-jun, CFO of LIG Nex1's Management Headquarters, said, "We have been able to further expand the scale of support for partner companies that started last year," and added, "We will continue to strengthen financial support for mutual growth with our partners to maintain a virtuous cycle of win-win cooperation."