Shinhan Bank said March 26 it signed an agreement with the Korea Credit Guarantee Fund to expand “productive finance” and support growth recovery for companies outside the Seoul metropolitan area.
The program targets firms with headquarters or business sites in non-capital regions, aiming to strengthen local industrial bases and help key regional companies recover and grow.
Shinhan Bank plans to provide 123 billion won in guarantees and additional support for guarantee fees to reduce financing costs. It will offer preferential guarantee ratios and fee reductions to improve funding conditions and support stable investment and expanded hiring.
Eligible companies include regional leading-industry firms, regional cooperation-industry firms, small and medium-sized companies relocating to 지방 areas, and “regional core” companies.
A Shinhan Bank official said the agreement focuses on strengthening local economies’ resilience and growth foundations through proactive financial support for regional hub companies, adding that the bank will continue to expand practical support that non-capital firms can feel.
Separately, Shinhan Bank has participated since March 19 with the Seoul Metropolitan Government and the Seoul Credit Guarantee Foundation in the “Seoul-type Small Business Relief Credit Line Support Program No. 3.” The product is a non-face-to-face revolving credit line for small business owners, with Shinhan Bank covering the credit-line arrangement fee and guarantee fee.
The bank also plans to run a financial counseling booth at the “2026 Small Business Support Expo,” held at Dongdaemun Design Plaza from March 26 to 27, to provide locally focused financial assistance.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.