Hana Bank Supports Small Business Owners Facing Closure: "From Business Closure Consulting to Reemployment Assistance"

Hana Bank announced on August 21 that it will launch the "Support Program for Small Business Owners Facing (or Having Experienced) Closure" to provide a stable foundation for small business owners at risk of closing their businesses to make a successful comeback.

This program targets small business owners who are either about to close their businesses or have closed them within the past three years, offering services such as tax and business closure consulting, employment training, and health checkups.

First, business closure consulting will be provided to 100 small business owners who are planning to close their businesses. Accountants from Hana Bank will personally guide them through value-added tax and income tax reporting and obligations, as well as provide consulting on tax considerations and tax-saving strategies when transferring or acquiring a business. Professional consultants will visit the business sites to offer comprehensive consulting on closure procedures and schedules, asset liquidation, and connections to support systems for restarting. This initiative aims to alleviate the confusion and psychological burden that small business owners experience during the business closure process.

Additionally, Hana Bank will offer online and offline employment training, one-on-one customized career counseling, and job search and matching services to 120 small business owners who wish to find employment and have closed their businesses within the past three years. The employment training will provide practical support for job seekers, including business document writing, interview skills, and career transition strategies, and will connect participants to tailored job opportunities.

Furthermore, comprehensive health checkup services will be provided to all 220 participants who complete either the business closure consulting or employment training programs.

A representative from Hana Bank's ESG Win-Win Finance Department stated, "We have prepared practical support measures to ease the difficulties small business owners face during the challenging process of business closure and to help them quickly return to economic activity through stable reemployment. We will continue to take the lead in building a foundation for sustainable co-growth with small business owners by practicing inclusive finance that combines both financial and non-financial support."

This content was produced with the assistance of AI translation services.