Hana Bank, in collaboration with the Technology Guarantee Fund and the Credit Guarantee Fund, will provide a total of 200 billion won in financial support for young entrepreneurs and businesses.
On August 23, Hana Bank announced that it had signed a business agreement for the "Y-Bridge Guarantee Financial Support for Young Enterprises" at its headquarters in Euljiro, Seoul.
The support is aimed at individual entrepreneurs under the age of 39 who meet the guarantee requirements, as well as companies led by young CEOs. Each business can receive loans of up to 300 million won, with a 100% guarantee ratio applied through the Kibo and Shinbo agreement.
To alleviate the financial burden on young entrepreneurs, Hana Bank will fully cover the fixed guarantee fee of 0.3% that must be paid to the guarantee funds. The bank also plans to establish a support system to ensure that the guaranteed loans are executed smoothly and promptly.
Additionally, young representatives, individual entrepreneurs, and young employees will receive a "My Mind Savings Rate Discount Coupon." With this coupon, they can earn an interest rate of up to 6.5% for a 12-month term, provided they meet the condition of a monthly contribution of 200,000 won. The offer is limited to 50,000 accounts.
Lee Ho-sung, president of Hana Bank, stated, "I hope that young entrepreneurs with innovative technologies and ideas can achieve greater success through this guaranteed support. We will continue to provide diverse and generous support in the future."
* This article has been translated by AI.
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