Shinhan Bank to Supply 450 Billion Won in Productive Finance with KODIT and KIBO

Shinhan Bank announced on December 17 that it has signed a "Business Agreement to Strengthen the Supply of Productive Finance" with the Korea Credit Guarantee Fund and the Korea Technology Finance Corporation, and will provide a total of 450 billion won in guarantees to small and venture businesses.

Through this business agreement, Shinhan Bank plans to facilitate the provision of a total of 450 billion won in guarantee agreements in cooperation with the two institutions. This is part of the 110 trillion won productive finance plan (Shinhan K-Growth! K-Finance! Project) announced by Shinhan Financial Group last month. The goal is to ensure smooth funding for companies engaged in industries such as technology, exports, and startups, and to ease the financial burden by reducing interest rates and guarantee fees.

Under the group's mid- to long-term strategy, Shinhan Bank has been systematically refining its internal framework to consistently provide productive finance. Reflecting the government's productive finance policy, the bank has established its own classification system centered on the 15 major super-innovative economy projects and national core industries, and plans to further refine this system in line with future government policy directions.

Currently, Shinhan Bank operates a program that supports new loan interest rates by up to 1 percentage point for companies in the super-innovative economy and national core industries.

The targets for the new credit guarantee agreement include: ▲ companies in new growth engine industries ▲ promising startups ▲ companies engaged in exports and overseas expansion ▲ companies with outstanding job creation ▲ small and medium-sized enterprises registered on the Technology Market, among others. Shinhan Bank plans to strengthen its role in "productive finance" based on the real economy by providing customized guarantee-linked loans tailored to the funding needs of each industry and growth stage.

For the technology guarantee agreement, eligible companies include those engaged in ▲ AI ▲ semiconductors ▲ environment and smart agriculture, livestock, and fisheries ▲ defense industry ▲ energy industry, among others. Shinhan Bank plans to expand working capital support, especially for startups and innovative companies that have attracted venture investment, to alleviate funding gaps that arise during business expansion after investment attraction and to help vitalize the venture and investment market.

A Shinhan Bank official stated, "We will continue to expand productive finance linked to policy guarantees and capital markets so that small and venture businesses with technological capabilities and growth potential can reduce their financial burden and enhance their competitiveness," adding, "Through financial support that makes a tangible contribution to the real economy, we will support the growth of companies and the vitality of industries."

Meanwhile, on December 3, Shinhan Bank signed a business agreement with the Korea Exchange to support companies selected as KOSDAQ "Rising Stars," and continues to strengthen both financial and non-financial support for the scaling up of promising listed companies, including preferential interest rates and management consulting.