Sh Suhyup Bank Signs 'Main Banking' Business Agreement with Korea Shipping Association

Kang Sin-sook, President of Suhyup Bank (right), and Jeong Tae-soon, Chairman of the Korea Shipping Association, pose for a commemorative photo after signing the agreement.

Shinhan Suhyup Bank announced on the 9th that it has signed a main banking business agreement with the Korea Shipping Association.

The Korea Shipping Association is a maritime and fisheries-related organization established in 1954 to strengthen the competitiveness of Korea's shipping industry and establish a global presence, with a total of 165 member companies.

According to this agreement, Suhyup Bank will manage and execute major operating funds managed by the Korea Shipping Association and provide various financial services such as financial convenience for executives and employees and support for member companies.

Kang Shin-sook, president of Suhyup Bank, said, "The shipping industry is a cornerstone supporting Korea's economy and a leading business that drives the interconnected development of various industries such as shipbuilding, ports, logistics, and finance, making its importance immeasurable. Through this agreement, we will establish ourselves as a win-win partner for the association's mutual growth and do our best to ensure that the association and its member companies receive more convenient and stable financial services."