As of the First Half of 2025, 98.7% of 306.7 Billion KRW in Livelihood Financial Support Disbursed
New Support Measures Introduced This Year, Including Low Birthrate Assistance and Yellow Umbrella Mutual Aid Support
Shinhan Bank announced on July 31, 2025, that it has completed the disbursement of 302.9 billion KRW, or 98.7%, out of the total 306.7 billion KRW in livelihood financial support that has been promoted since 2024.
Through its 'Common Program,' Shinhan Bank provided interest cashback totaling 195.3 billion KRW to approximately 280,000 small business owners. Additionally, through its 'Autonomous Program,' the bank supported about 277,000 vulnerable individuals with 107.6 billion KRW.
In particular, this year, the bank expanded its support for small and medium-sized enterprises (SMEs) and small business owners who are struggling due to the ongoing economic downturn. It launched new programs totaling 3.6 billion KRW, including maternity support for female small business owners, wage subsidies for joint safety managers at vulnerable SMEs, and mutual growth support for Yellow Umbrella Mutual Aid subscribers.
Furthermore, Shinhan Bank is operating a range of customized financial support measures for small business owners, such as 'Small Business Owner 119plus,' 'Closure Support Refinancing Loans,' 'HaeSalLoan 119,' and joint consulting services with other banks. The bank also plans to actively participate in government and financial authorities' policies for stabilizing people's livelihoods, including the purchase and write-off of long-term delinquent bonds and debt relief initiatives.
A Shinhan Bank representative stated, "It is the social responsibility of a financial institution to continue providing practical financial support so that ordinary people and small business owners do not lose hope despite difficult economic conditions," and added, "We will continue to contribute to the recovery of livelihoods through inclusive and mutually beneficial financial activities that embrace a wide range of social members."
Meanwhile, Shinhan Bank is working to ease customers' financial burdens through its 'Help-up & Value-up' project. For the first time in the banking sector, the bank has uniformly reduced the interest rate to 9.8% per annum for up to one year on personal loans (including small business loans classified as household loans) with an annual interest rate of 10% or higher. It has also lowered the interest rate on newly issued Sae-Hope Hallssi loans by 1 percentage point, providing customers with tangible interest savings.
In addition, Shinhan Bank has signed a 'Financial Support Business Agreement for Real Economy Recovery and Industrial Competitiveness Enhancement' with the Korea Credit Guarantee Fund and is supplying agreement-guaranteed loans totaling about 200 billion KRW, thereby working to expand 'productive finance.'
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