Hana Bank announced on August 17 that it has signed three financial support agreements with Incheon City aimed at stabilizing the livelihoods of citizens, supporting youth and small businesses, and fostering future strategic industries and innovative companies for regional co-growth.
Under the 'Co-Growth Agreement,' Hana Bank plans to alleviate the financial burden on Incheon residents and continue co-growth with the local community. The bank will provide financial services to assist youth with housing stability and job preparation, creating new opportunities for them, while also enhancing financial support for small businesses.
Hana Bank is also accelerating financial support to develop Incheon as a hub for advanced future industries. Through the 'ABC+E Financial Support Agreement for Future Growth Engines,' the bank will contribute special funds, and the Korea Technology Finance Corporation will use these funds to support a total of 150 billion won in guarantee agreements.
Eligible companies will receive benefits such as a maximum guarantee rate of 100% and a guarantee fee support of up to 0.6% to effectively reduce their financial burdens.
Additionally, Hana Bank will supply growth capital through the establishment of a 200 billion won Incheon Unicorn Fund, which will focus on investing in key sectors and promising companies in the Incheon region.
The Hana Financial Group will contribute 200 billion won to this fund. Hana Securities will be responsible for the fund's establishment and management, while Hana Bank will actively identify and recommend promising startups and companies in the region to support their growth.
Lee Ho-sung, CEO of Hana Bank, stated, "The role of a local bank is to consider the financial needs of local citizens and businesses and to invest in the future of the region together. We will spare no effort in supporting the recovery of Incheon’s economy and the cultivation of future growth engines in line with the city’s policies."
* This article has been translated by AI.
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