Shinhan Bank Partners with KOTRA to Support Global Expansion and Attract Foreign Investment

Shinhan Bank announced on November 2 that it will collaborate with the Korea Trade-Investment Promotion Agency (KOTRA) to support domestic companies in expanding overseas and to attract foreign investment into Korea.

Seung-Hyun Seo, Head of Global Business Group at Shinhan Bank (right), is taking a commemorative photo with Tae-Hyung Kim, CEO of Invest KOREA, during the signing ceremony of a business agreement to support global expansion and investment attraction held on the 31st of last month at the Grand Intercontinental Seoul Parnas in Samseong-dong, Seoul. Provided by Shinhan Bank

In this regard, the two organizations signed a business agreement at the Grand Intercontinental Seoul Parnas in Samseong-dong, Seoul, on October 31.

This agreement was established to strengthen the cooperative framework with KOTRA amid the rapidly changing global supply chain environment. The two parties agreed to focus on key areas of cooperation such as sharing market and investment information, discovering and enhancing collaboration with overseas investors, providing financial support for foreign companies entering Korea, and offering financial and policy support to Korean companies entering foreign markets and to foreign executives and employees in Korea. They plan to connect their global networks to provide practical support in these areas.

Seung-Hyun Seo, Head of the Global Business Group at Shinhan Bank, stated, “It is significant that we have established a new cooperative system encompassing both the overseas expansion of Korean companies and the attraction of foreign investment into Korea by combining the expertise and networks of both organizations. Going forward, Shinhan Bank will continue to actively leverage its global network to provide financial support that enhances the global competitiveness of domestic companies and attracts foreign investment into Korea.”