Hana Financial Group Provides $6.3 Trillion Emergency Support to US SMEs Facing Reciprocal Tariff Management Challenges

A Total of KRW 6.3 Trillion in Financial Support for SMEs and Small Business Owners
Various Financial Benefits Including Maturity Extension Without Principal Repayment, Installment Repayment Deferral, and Interest Rate Reductions

Hana Financial Group announced on the 3rd that it will provide emergency financial support for small and medium-sized enterprises (SMEs) and small business owners expected to face management difficulties due to the United States' reciprocal tariff measures.

This emergency financial support was prepared to quickly stabilize the management of SMEs and small business owners who are expected to face difficulties due to the ongoing volatility in the financial and foreign exchange markets caused by the implementation of the U.S. tariff policy.

First, Hana Bank, a major affiliate, decided to supply a total of KRW 6 trillion in funds to provide emergency liquidity support for SMEs and small business owners. In addition to increasing the existing 'Preferred Long-term Loan for Main Transactions' by KRW 3 trillion, a new 'Preferential Interest Loan' worth KRW 3 trillion will be additionally supported, and necessary funds will be supplied promptly through expedited screening.

In particular, companies facing liquidity crises due to tariff damages will receive various financial benefits such as ▲extension of deadlines without principal repayment ▲deferment of installment repayments ▲interest rate reductions ▲new fund support.

To support working capital for automobile parts companies expected to suffer the greatest damage from the tariff measures, a new guarantee agreement worth KRW 24 billion will be signed with the Korea Credit Guarantee Fund in April, and additional targeted support plans by industry will also be prepared.

Furthermore, exceptions to loan limits for trade finance will be considered for SMEs whose loan limits cannot be calculated or are insufficient due to decreased export performance caused by tariff imposition, as well as postponement of credit rating downgrades for companies concerned about rating declines.

Separate financial support will also be provided for small business owners. To alleviate the financial burden of small business owners struggling due to sluggish domestic demand and reduced consumption, new funds worth KRW 300 billion with a preferential interest rate of up to 1.9% will be supported, and efforts will be made to ensure the supply of guaranteed loans through additional contributions to regional credit guarantee foundations.

In addition, through the KRW 700 billion '2nd Export Package Preferential Finance' business agreement signed with the Korea Trade Insurance Corporation in January, financial support for small and medium-sized export companies and mid-sized exporters will continue, including 100% support for export guarantees and insurance premiums, as well as preferential foreign exchange fees and exchange rates.

Chairman Ham Young-joo stated, "We plan to expand various financial programs to stabilize the management of SMEs and small business owners expected to face difficulties due to the implementation of the U.S. reciprocal tariff measures," adding, "We will proactively focus the group's capabilities to help Korean SMEs and small business owners overcome the current crisis situation well."