NH Nonghyup Bank Partners with Korea Maritime Promotion Corporation to Support Maritime Industry

NH Nonghyup Bank announced on June 19 that it has signed a financial support agreement with the Korea Maritime Promotion Corporation to strengthen the competitiveness of the maritime industry.

Under this agreement, the two organizations will establish a cooperative framework that includes financial support for companies recommended by the Korea Maritime Promotion Corporation, interest subsidies for domestic small and medium-sized shipping companies up to 2 billion won, and funding through the purchase of bonds issued by the corporation.

Kang Tae-young, president of NH Nonghyup Bank, stated, "We hope this will provide practical assistance to small and medium-sized shipping companies that are struggling due to changes in the external environment and enhance the global competitiveness of the maritime industry, which is a key national industry. We will work to alleviate the financial burden on maritime companies and expand productive financial support."

Additionally, NH Nonghyup Bank is expanding its financial support not only for the maritime sector but also for advanced strategic industries and innovative companies in areas such as semiconductors, future mobility, and artificial intelligence.