Hana Financial Partners with Small Business Agency to Support Young Entrepreneurs

Hana Financial Group is collaborating with the Small Business Market Promotion Agency to discover and support young entrepreneurs. The initiative aims to invest 5 billion won (approximately $4.2 million) over the next four years to help young small business owners establish themselves and revitalize local markets.

On June 24, Hana Financial announced the signing of a memorandum of understanding with the Small Business Agency to launch the 'Hana On, Youth On' project.

The two organizations plan to identify and nurture about 4,000 small business establishments across 60 local markets nationwide by 2029. To achieve this, Hana Financial will allocate a total of 5 billion won to support capacity-building training for small businesses, market revitalization projects, and integrated promotional efforts.

The initiative includes online training focused on digital utilization, customer management, and business operations, as well as offline training covering policy understanding, sales strategies, and collaboration methods to enhance the management capabilities of young small business owners.

Additionally, young entrepreneurs will be involved in planning and operating joint projects tailored to the characteristics of their local areas. Selected teams will receive funding along with support for night markets, discount events, local festival programs, joint facility improvements, sales strategy consulting, and the creation of online and offline promotional content tailored to their markets.

Ham Young-joo, Chairman of Hana Financial Group, stated, "This collaboration aims to invigorate local markets through the growth of young small business owners and ultimately create sustainable local markets led by youth. Hana Financial will work together to support the growth and advancement of small businesses, which are the backbone of the local economy and support for the livelihoods of the people."