Hana Bank Partners with MOTIE, HL Group, and K-Sure to Support Export Financing for Companies Impacted by Tariffs

Export Financing MOU Signed to Support Partner Companies at Risk from U.S. Tariffs
Comprehensive Financial Benefits Including 100% Guarantee Fee Support, Preferential Loan Rates, and Favorable Foreign Exchange Fees and Rates
Lee Hosung: "We Will Con

▲On the 2nd, at the Hana Bank Euljiro Headquarters in Jung-gu, Seoul, during the "Business Agreement Ceremony for Win-Win Cooperation Export Financing Support," (from left) Jang Youngjin, President of Korea Trade Insurance Corporation, Park Jungsung, Director of Trade and Investment at the Ministry of Trade, Industry and Energy, Chung Mongwon, Chairman of HL Group, and Lee Hosung, President of Hana Bank, are holding the agreement document and posing for a commemorative photo. Hana Bank

Hana Bank announced on September 14 that it has signed a business agreement with HL Group and Korea Trade Insurance Corporation to provide "Win-Win Cooperation Export Financing Support" for partner companies that are at risk of direct or indirect damage due to U.S. tariff impositions.

The signing ceremony, held on September 12 at the Hana Bank Euljiro Headquarters, was attended by Park Jungsung, Director of Trade and Investment at the Ministry of Trade, Industry and Energy, Chung Mongwon, Chairman of HL Group, Jang Youngjin, President of Korea Trade Insurance Corporation, and Lee Hosung, President of Hana Bank.

This agreement was established to strengthen the export supply chain of the domestic automotive industry and promote win-win cooperation between large, mid-sized, and small enterprises by providing liquidity support for export companies in the auto parts sector, which are expected to suffer significant losses due to U.S. tariff measures.

Through this agreement, Hana Bank (6 billion won) and HL Group (2 billion won) will jointly contribute a total of 8 billion won to support export financing amounting to 100 billion won. The beneficiaries will be partner companies recommended by HL Group, and a variety of practical financial benefits will be provided to address funding difficulties, including 100% guarantee fee support, preferential loan interest rates, and preferential foreign exchange fees and rates.

Lee Hosung, President of Hana Bank, stated, "This agreement marks the second case, following last August, in which banks and companies jointly contribute funds to support export companies facing difficulties due to U.S. tariffs. We plan to provide more diverse and prompt funding wherever it is needed," adding, "Going forward, Hana Bank will continue to strengthen public-private cooperation to secure the future competitiveness of export companies, leveraging our top-tier foreign exchange capabilities."

Last month, Hana Bank also signed a business agreement with Hyundai Motor, Kia, and Korea Trade Insurance Corporation to provide a total of 630 billion won in liquidity to address external economic uncertainties caused by U.S. tariffs and to strengthen the export supply chain of the automotive industry.

Additionally, Hana Bank has proactively implemented a 30 trillion won financial support plan for the prompt stabilization of small and medium-sized enterprises and small business owners expected to be affected by tariffs, and is simultaneously offering various financial benefits such as deferred installment repayments, interest rate reductions, and new funding support.