Hana Financial Group Partners with Venture Business Association for Financial Support and Mutual Growth

▲On the 23rd, after signing a business agreement to strengthen the financial support infrastructure and promote mutual growth for domestic ventures and startups with the Korea Venture Business Association, Han Young-joo, Chairman of Hana Financial Group (right), poses for a commemorative photo with Sung Sang-yeop, Chairman of the Korea Venture Business Association.
[Photo by Hana Financial Group]

Hana Financial Group announced on the 24th that it has signed a business agreement with the Korea Venture Business Association to strengthen the financial support infrastructure for domestic ventures and startups and to promote mutual growth.

This agreement was established to contribute to the expansion of a sustainable innovation ecosystem and the development of global business channels for ventures and startups affiliated with the Korea Venture Business Association by utilizing Hana Financial Group's global financial infrastructure and various domestic and international networks, amid ongoing difficulties faced by domestic venture companies due to high exchange rates and domestic demand contraction.

Hana Financial Group will provide various specialized financial services to promising ventures and startups recommended by the Korea Venture Business Association, including ▲investment and loan support ▲preferential benefits on interest rates, exchange rates, and fees ▲capital market financial underwriting and securities agency ▲IPO support ▲management and business succession consulting support.

Additionally, Hana Financial Group plans to build a foundation for overseas market entry for ventures and startups with excellent technological capabilities by leveraging the largest global network of 221 domestic branches across 26 regions worldwide.

Furthermore, the group will expand exchanges between nationwide branches of its core affiliates such as banks and securities companies and local branches of the Korea Venture Business Association, and continue various on-site industry supports to revitalize the regional venture ecosystem, including jointly hosting venture forums for member companies of the Korea Venture Business Association.

Chairman Ham Young-joo stated, "Through cooperation between Hana Financial Group, which possesses top-level global capabilities and corporate finance know-how among domestic financial companies, and the Korea Venture Business Association representing domestic venture companies, we hope to create new investment opportunities for ventures and startups that achieve innovation even in difficult market conditions." He added, "We will fulfill our role as a reliable partner to ensure that ventures and startups leading Korea's future industries can achieve sustainable growth."

Seong Sang-yeop, Chairman of the Korea Venture Business Association, said, "This agreement is expected to improve financial accessibility for ventures and revitalize the funding market, which has been contracted due to deteriorating investment sentiment." He added, "We hope to contribute to scale-up and the expansion of the venture ecosystem through sustainable cooperation between the two organizations."

Meanwhile, Hana Financial Group, together with the Ministry of SMEs and Startups, has established Korea's first private mother fund worth 100 billion KRW to invest in well-known venture companies with technological capabilities but lacking financial resources, including ▲future promising new technology companies ▲super-gap startups ▲youth startup companies.

In addition, the group operates various programs such as 'Hana Social Venture University,' a youth startup project aimed at contributing to job creation and supporting the growth of social innovation companies, and 'Innovation Company Internship,' which connects social innovation companies struggling with recruitment and young job seekers to support corporate growth.