Shinhan Bank: "Supplied a Total of 127 Trillion Won in Technology Finance Over the Past Decade"

Shinhan Bank announced on December 18 that it has provided a total of 127 trillion won in technology finance to small and medium-sized enterprises (SMEs) with technological capabilities over the past decade, starting from 2016.

Technology finance refers to a financial approach that moves away from traditional practices centered on collateral or guarantees, instead supplying funds based on a comprehensive evaluation of a company's technological competitiveness, business viability, and growth potential. It is a representative form of productive finance that supports the stable growth of not only innovative industries but also small and medium-sized manufacturers and technology-based companies.

The provision of technology finance is one of the core implementation areas of the 'Shinhan K-Growth! K-Finance! Project' being promoted by Shinhan Financial Group. Shinhan Financial Group has previously announced plans to supply a total of 110 trillion won in productive and inclusive finance over the next five years through 2030. Of this, for the productive finance segment, the group has disclosed plans to provide between 93 trillion and 98 trillion won in funding, focusing on advanced strategic industries and innovative companies. Financing of 10 trillion won targeting national strategic industries such as semiconductors, energy, and regional infrastructure has already commenced.

The strategy of productive finance through technology finance is being realized in practice. By utilizing Technology Credit Bureau (TCB) evaluations, the bank precisely analyzes a company's technological level and business sustainability, and incorporates these assessments into credit reviews.

A Shinhan Bank official stated, "Technology finance is a representative productive financial tool that connects funding to companies based on their technological capabilities and growth potential, rather than relying on collateral-based finance. Moving forward, we will continue to expand the supply of technology finance, focusing on SMEs with growth potential, by cooperating with policy financial institutions and related organizations, thereby strengthening the practical implementation of productive finance at the field level."