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Hana Bank to support K-shipbuilding with HD Hyundai Heavy Industries, K-Sure

Hana Bank said on Thursday it signed a memorandum of understanding with HD Hyundai Heavy Industries and Korea Trade Insurance Corp to provide financial support to strengthen the export supply chain for South Korea’s shipbuilding industry. The partners will jointly contribute 28.0 billion won to K-Sure and aim to supply 400.0 billion won in financing and liquidity within the first quarter, offering fee support and preferential terms to suppliers recommended by HD Hyundai Heavy Industries.