Hana Bank Visits Companies Impacted by U.S. Tariffs to Hear Concerns... Strengthens Financial Support

On-site Meeting with Representatives from 10 Companies with High Export Ratios
Review of Easing Credit Evaluation Standards and Promise of Prompt Liquidity Support
Lee Hoseong, CEO of Hana Bank:
"We Will Do Our Best to Provide Proactive Fin

On the 15th, Lee Hoseong, CEO of Hana Bank (second from the left in the front row), who is the first supported company under the 'Financial Support for Strengthening the Export Supply Chain of the Automobile Industry,' visited the headquarters of Seojin Industry Co., Ltd. in Siheung and received an explanation about the production facilities from Choi Jaehong, CEO of Seojin Industry (first from the left in the front row). Hana Bank

Hana Bank announced on September 16 that it will visit small and medium-sized export companies that may face direct or indirect damage due to the implementation of reciprocal tariffs by the United States, listen to their concerns on-site, and provide substantial financial support.

The previous day, at the 'Financial Support Roundtable for Export Companies' held at the Siheung Chamber of Commerce and Industry, business leaders from ten companies based in Siheung, Gyeonggi Province, with a high proportion of exports to the United States, attended to discuss the management challenges they currently face and the essential financial support needed to overcome crises amid external economic uncertainties.

At the event, business leaders voiced concerns about a potential decline in export performance due to the impact of U.S. tariff policies, specifically citing possible credit rating downgrades, reductions in loan limits, and increases in loan interest rates. In response, Lee Hoseong, CEO of Hana Bank, promised to consider easing credit evaluation criteria and to provide financial support in various areas, including prompt liquidity support, interest rate reductions, and strengthening global local financing.

Additionally, to provide swift, on-site support for companies affected by U.S. tariffs, Hana Bank decided to establish 'Tariff Response and Financial Support Consultation Counters' at branches nationwide. These counters will offer comprehensive consultations and support for export financing, corporate loans, foreign exchange fees, and management consulting for companies impacted by the tariffs.

Furthermore, in addition to supporting affected companies that visit its branches, Hana Bank will also actively operate 'on-site consulting,' in which experts from headquarters visit companies directly to provide consultations. This is part of the bank's commitment to proactively address the difficulties of export companies, as heard during the roundtable event.

Before the roundtable, CEO Lee visited the headquarters of Seojin Industry Co., Ltd. in Siheung, the first company to receive support under the 'Financial Support for Strengthening the Export Supply Chain of the Automobile Industry' program, to explore opportunities for mutual cooperation and to encourage employees by visiting the production facilities.

The 'Financial Support for Strengthening the Export Supply Chain of the Automobile Industry' program is part of a financial business agreement signed last August with Hyundai Motor Company, Kia, and Korea Trade Insurance Corporation to respond to U.S. tariff measures. Hana Bank contributed 30 billion won and Hyundai Motor Company and Kia contributed 10 billion won, creating a total fund of 40 billion won, which serves as the foundation for a 630 billion won financial support program.

Lee Hoseong, CEO of Hana Bank, stated, "To overcome the crisis caused by U.S. tariff policies, we will provide proactive financial support to invigorate corporate investment and exports, and we will do our utmost to ensure timely liquidity supply for South Korean export companies."

Meanwhile, Hana Financial Group, through its affiliate Hana Bank, is taking the lead in helping companies quickly stabilize their management in the face of U.S. tariff impacts by implementing a total of 30 trillion won in financial support, including an emergency liquidity supply of 23 trillion won for small and medium-sized enterprises and small business owners.