Financial Support Including Maturity Extension, Installment Repayment Deferral, and Overdue Interest Reduction
Shinhan Bank announced on the 10th that it will provide financial support for partner companies experiencing difficulties such as delayed payment of delivery fees due to Homeplus's corporate rehabilitation application.
Starting from the 11th, Shinhan Bank plans to offer new loans up to 500 million KRW to Homeplus partner companies. At loan maturity, the bank will extend the maturity without requiring principal repayment and will also support repayment deferrals for installment payments.
In particular, overdue interest will be waived for partner companies currently in arrears. As long as it is confirmed that the partner company has supplied goods to Homeplus for a certain period, support will be provided promptly without the need for additional verification documents.
A Shinhan Bank official stated, "We will swiftly implement financial support for small and medium-sized enterprises and small business owners facing difficulties due to Homeplus's rehabilitation application," adding, "We will continue to seek financial support measures that provide practical help to partner companies."
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