Hana Bank Provides Emergency Financial Support to Small and Medium Enterprises and Small Business Owners Partnering with Homeplus

Up to 500 Million KRW in Emergency Management Stabilization Funds per Company
Extension of Loan Maturities, Repayment Deferrals, and Preferential Interest Rates Provided

Hana Bank Headquarters exterior. Provided by Hana Financial Group.

Hana Bank announced on the 7th that it will provide emergency financial support to small and medium-sized enterprises (SMEs) and small business partners facing difficulties due to Homeplus's corporate rehabilitation proceedings.

This support was prepared to help SMEs and small business owners who are experiencing sudden delays in payment for deliveries and other difficulties caused by Homeplus's corporate rehabilitation proceedings to quickly stabilize their management.

Hana Bank plans to offer ▲emergency management stabilization funds up to 500 million KRW per company ▲extension of loan maturities for up to one year without principal repayment ▲deferment of installment repayments for up to six months ▲interest rate discounts up to 1.3%, and will provide necessary funds promptly through expedited review.

A Hana Bank official stated, "We have implemented financial support measures to provide practical assistance to SMEs and small business partners who are suffering damage or difficulties due to Homeplus's corporate rehabilitation proceedings," adding, "We will make every effort to devise various support measures that can minimize the damage to Homeplus partner companies and help normalize their operations."