Sh Suhyup Bank Launches Productive Finance Task Force

Exterior view of Sh Suhyup Bank headquarters. Provided by Sh Suhyup Bank

Sh Suhyup Bank announced on October 28 that it has launched the 'Productive Finance Task Force (TF)' under the leadership of the bank president.

The Productive Finance TF at Sh Suhyup Bank plans to shift its real estate-centered business structure toward supporting the real economy, including corporate finance and innovative industries. To achieve this, the TF will focus on establishing a productive finance portfolio, revitalizing marketing, and managing risk to generate sustainable profits.

Sh Suhyup Bank is currently preparing to adopt the Internal Ratings-Based (IRB) approach. Based on the capital secured after the adoption of the IRB, the bank recently received board approval to allocate up to 6 trillion won over the next three years for productive investments.

Building on this foundation, the Productive Finance TF plans to expand financial support for the growth of future-oriented industries such as advanced strategic sectors, artificial intelligence (AI), biotechnology, energy, and defense, as well as for the marine and fisheries ecosystem, including ship finance and smart fisheries.

Shin Hakgi, President of Sh Suhyup Bank, emphasized, "As a pillar of national economic growth, we will drive the mutual growth of the fisheries and marine economy, as well as support innovative industries centered on corporate finance, by expanding productive finance."