Chungnam Shinbo, Dangjin City, and Hana Bank Sign 'Financial Support for Small Business Owners' Agreement

Dangjin City and Hana Bank Each Contribute 300 Million Won
Chungnam Shinbo Provides Credit Guarantee Support Totaling 6 Billion Won

Chungnam Credit Guarantee Foundation announced on the 20th that it has signed a business agreement with Dangjin City and Hana Bank to support the financial needs of small business owners in Dangjin City.

This business agreement was promoted to revitalize and stabilize the local economy of Dangjin City.

According to the agreement, Dangjin City and Hana Bank will each contribute 300 million KRW as funds for credit guarantees, and Chungnam Credit Guarantee Foundation will provide credit guarantees worth a total of 6 billion KRW to small business owners in Dangjin City, with up to 50 million KRW per company, at an interest rate 2.5% lower than the existing guaranteed loans.

Director Kim Du-jung said, “We are grateful to Hana Bank and Dangjin City for their generous cooperation and support in creating liquidity funds of 6 billion KRW for small and medium-sized enterprises,” and added, “The foundation will also make greater efforts to support small business owners in Dangjin City.”