Shinhan Bank, Hyundai Engineering & Construction Sign Deal to Expand Productive Finance

Shinhan Bank said Tuesday it signed a memorandum of understanding with Hyundai Engineering & Construction to expand cooperation aimed at boosting what it called “productive finance.”

The signing ceremony was held at Hyundai E&C’s headquarters in Seoul and attended by Shinhan Bank CEO Jeong Sang-hyeok and Hyundai E&C CEO Lee Han-woo.

The companies said they will jointly review financing options tailored to each project’s characteristics and funding needs and set up a working-level cooperation system to broaden support.

Under the agreement, Shinhan Bank will strengthen financial cooperation across Hyundai E&C’s businesses, including data centers, renewable energy, infrastructure and environmental projects, and power brokerage trading. The bank said it plans to support funding through project-specific financial advisory services, arranging financing and linking investments.

The two sides also agreed to step up information sharing during project execution and work together to develop financial products and customized solutions suited to each project.

A Shinhan Bank official said the partnership will help identify strong projects and provide tailored financial solutions so financing leads to investment and growth in the real economy.