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People & Appointments

iM Financial wins 2026 National Contribution Award industry minister prize

iM Financial Group said it won the Ministry of Trade, Industry and Energy minister prize in the ESG management category at the 2026 National Contribution Awards ceremony held on Tuesday. The group said it was recognised for achievements including environmentally friendly finance, inclusive finance for small merchants and vulnerable groups, and building an ESG management framework. It also cited ESG ratings including MSCI AAA, CDP A- and an overall A from KCGS.

Finance

Shinhan Bank to provide 500 billion won in agreement-backed guarantees for Busan small merchants

Shinhan Bank will supply agreement-backed guarantees worth a total of 500 billion won for small businesses and self-employed merchants in Busan, together with the Busan city government and the Busan Credit Guarantee Foundation. The programme will support up to 30 million won per company. Interest subsidies will apply at 4.0 percentage points for the first year and 2.0 percentage points thereafter, aiming to enable borrowers to access funds at an effective 1 percent-level rate.

Finance

Productive finance plan expanded to 1,560 trillion won; FSC to prepare additional liability exemption measures

South Korea's government and financial sector will expand their productive finance supply plan for the next five years to 1,560 trillion won, up 310 trillion won from 1,250 trillion won. The Financial Services Commission also plans additional liability exemption measures to support more active investment and lending by financial companies. Officials discussed implementation and management steps at a meeting in Seoul led by Vice Chairman Kwon Dae-young.