Shinhan Bank has established a corporate finance hub in Busan to enhance financial support for regional strategic industries, including shipbuilding, defense, ports, and logistics.
On August 11, Shinhan Bank held the opening ceremony for the 'Shinhan SOL Cluster Busan' at the Busan Seomyeon Financial Center, as announced on August 12.
The Shinhan SOL Cluster Busan serves as a regional financial platform that supports the discovery of local strategic industry companies, loan execution, and connections with Shinhan Financial Group affiliates. It aims not only to provide loans to businesses but also to identify companies with high growth potential and new projects by examining investment plans and changes in the local industry.
In particular, the Shinhan SOL Cluster Busan plans to focus on supporting the shipbuilding, defense, and maintenance, repair, and overhaul (MRO) sectors, as well as the port and logistics fields. It will also respond to the emerging financial demands in shipping, ports, and logistics due to developments such as the opening of Arctic shipping routes and the transition to smart ports.
To strengthen on-site support, Shinhan Bank has deployed specialized corporate finance professionals and examiners from its corporate credit review department. They will review business plans and financial structures from the initial stages and connect companies with the headquarters' investment banking department, group companies, and relevant policy organizations as needed.
Jung Sang-hyuk, President of Shinhan Bank, stated, "Through the Shinhan SOL Cluster Busan, we will closely engage with local businesses to identify necessary financial solutions and foster tangible growth together."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.