Sh Suhyup Bank Expands Loans for Fisheries Food Technology Businesses in Partnership with Nongsinbo

Sh Suhyup Bank Makes Special Contribution of 1.5 Billion KRW to Nongsinbo
Nongsinbo to Provide Agreement-Guaranteed Loans Worth Approximately 20 Billion KRW

Sh Suhyup Bank announced on January 7 that it has signed a special contribution agreement with the Korea Agro-Fisheries and Food Trade Corporation Credit Guarantee Fund (Nongsinbo) to provide financial support for fisheries food businesses with outstanding technology and to strengthen competitiveness in the fisheries sector.

Sh Suhyup Bank will make a special contribution of 1.5 billion KRW to Nongsinbo, and Nongsinbo will use these funds to provide approximately 20 billion KRW in agreement-guaranteed loans to fisheries food businesses with outstanding technology.

This agreement was established to enhance the technological competitiveness of the domestic fisheries food industry and to ease the financial burden of small and medium-sized enterprises with outstanding technology.

Shin Hakgi, President of Sh Suhyup Bank, stated, "I hope this special contribution to Nongsinbo will provide practical support for fisheries-related companies with technological capabilities in their research and development and overseas market expansion," adding, "We will continue to expand our support to promote the advancement of the fisheries industry."