Hana Financial Group Announces 30 Trillion Won in Financial Support
for SMEs and Small Business Owners Impacted by U.S. Tariffs
Comprehensive Measures to Stabilize Operations
and Strengthen Export Competitiveness
Hana Financial Group announced on September 4 that it will implement a total of 30 trillion won in financial support for small and medium-sized enterprises (SMEs), mid-sized companies, and small business owners who are at risk of direct and indirect damage due to U.S. tariff impositions.
This financial support package has been prepared to help SMEs, mid-sized companies, and small business owners stabilize their operations quickly in the face of growing uncertainty in domestic and international financial markets following the implementation of U.S. tariff policies.
First, Hana Bank, a major affiliate, will provide a total of 23.2 trillion won in funds to support the urgent liquidity needs of SMEs, mid-sized companies, and small business owners. In addition to 16 trillion won in special corporate loan products, the bank plans to swiftly supply funds through a 3 trillion won “fixed-rate preferential loan” and a 2 trillion won “rapid support special program.”
In addition, separate financial support will be provided for small business owners. The bank will supply 900 billion won in special loans such as the “Happiness Plus SOHO Loan,” which offers preferential interest rates, and will also promptly provide 1.3 trillion won in loans backed by regional guarantee foundations for low-credit small business owners who lack sufficient collateral.
Furthermore, 5.4 trillion won in financial support will be provided for export-oriented SMEs and mid-sized companies. Based on an agreement with the Korea Trade Insurance Corporation, the bank will continue to supply 700 billion won in the “Second Export Package Preferential Finance,” and will offer 4 trillion won in preferential financing and foreign exchange fee and rate benefits for key growth industries in exports and imports, aiming to strengthen the competitiveness of Korean export companies.
Additionally, Hana Bank has signed an agreement with the Korea Credit Guarantee Fund to provide 30 billion won in financial support for auto parts companies expected to be heavily impacted by tariffs, and will continue to supply 630 billion won in loans backed by the Korea Trade Insurance Corporation, with preferential interest rates and 100% guarantee fee support, to expand the export supply chain of Hyundai Motor and Kia suppliers.
For new growth industries and promising startups, the bank will provide 1.7 trillion won in loans backed by the Korea Credit Guarantee Fund and the Korea Technology Finance Corporation, aiming to strengthen industrial competitiveness and contribute to the recovery of the real economy.
In addition, for companies facing liquidity crises due to tariff damage, the bank is also offering a range of financial benefits, including maturity extensions without principal repayment, deferred installment payments, interest rate reductions, and new funding support.
Yim Yongjoo, Chairman of Hana Financial Group, stated, “We are implementing proactive and comprehensive financial support measures to help SMEs, mid-sized companies, and small business owners quickly stabilize their operations amid concerns over potential damage from U.S. tariffs. We will continue to provide more concrete and practical financial support with a strong sense of responsibility, not only to minimize tariff-related damage for Korean companies but also to secure their future competitiveness.”
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