Hana Bank and Korea Technology Finance Corporation Launch 10 Billion Won Financial Support for Social Venture Companies

Guarantee Certificates with Preferential Guarantee Ratio Increased from 85% to 100%
Support for 0.5 Percentage Point Reduction in Guarantee Fees

On the 16th, at the Seoul office of the Korea Technology Finance Corporation in Yeongdeungpo-gu, Seoul, Seo Yooseok, Executive Vice President of Hana Bank Corporate Group (right), and Lee Sangchang, Director of the Korea Technology Finance Corporation, took a commemorative photo after signing a business agreement to foster social venture companies and revitalize the social solidarity economy. Hana Bank

Hana Bank announced on the 17th that it has signed a business agreement with the Korea Technology Finance Corporation to foster social venture companies and revitalize the social solidarity economy.

This agreement was established to create a sustainable growth foundation for social venture companies, which are contributing to solving various social issues beyond simple economic profit through innovative technologies and creative ideas.

Since September, Hana Bank and the Korea Technology Finance Corporation have been collaborating to support guarantee fees for social venture companies. Through this agreement, they plan to not only create an ecosystem where social venture companies can secure new growth engines, but also strengthen mutual cooperation to promote the growth of the social solidarity economy.

Through this initiative, Hana Bank will provide 10 billion won in funds to foster social venture companies, based on a special contribution of 500 million won. In addition, by supporting preferential guarantee ratios from the Korea Technology Finance Corporation (increased from 85% to 100%) and reducing guarantee fees (by 0.5 percentage points), various benefits will be provided to help alleviate liquidity shortages and reduce financial costs for social venture companies.

Seo Yooseok, Vice President of Hana Bank Corporate Group, stated, "Through this agreement, we plan to provide substantial financial benefits to social venture companies that are at the forefront of realizing social value," adding, "We will continue to expand various financial support measures to ensure the stable growth of social venture companies and strengthen the social solidarity economy ecosystem."

In addition, Hana Financial Group is operating the flagship social value creation program 'Hana Social Venture University,' which collaborates with 30 key universities nationwide to provide professional entrepreneurship education to young entrepreneurs aspiring to start social venture companies, discover regionally specialized business items, and nurture local-based entrepreneurial talent.