Shinhan Bank announced on July 3 that it has signed a business agreement with Korea Electric Power Corporation (KEPCO) to strengthen the global K-Energy business.
Shin Sanghyuk, President of Shinhan Bank (left), and Kim Dongchul, President of Korea Electric Power Corporation, are taking a commemorative photo after signing a business agreement. Provided by Shinhan Bank.
This agreement aims to provide customized financial solutions for overseas power infrastructure and renewable energy projects promoted by KEPCO. It was signed to facilitate joint market development and risk management.
Through this business agreement, the two companies plan to focus on achieving tangible business outcomes, such as overseas project financing, sharing of market and policy information, collaboration with local financial institutions, and linking with policy finance.
Shinhan Bank will share its accumulated global financial expertise and market information, based on its global network spanning 167 locations in 20 countries. KEPCO plans to cooperate in various areas, including sharing information on overseas infrastructure projects.
President Shin Sanghyuk stated, "With today's agreement with KEPCO, which is enhancing the status of K-Energy, we will do our utmost to provide financial solutions for the expansion of future eco-friendly infrastructure projects." He added, "We will continue to work closely together to create a better world and build a sustainable future."
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