Industry

Shinhan Investment Securities, Sierra Investment, Hyundai Commercial to create 50 billion won mobility cooperation fund

Shinhan Investment Securities, Sierra Investment and Hyundai Commercial will create a 50 billion won fund to ease funding difficulties among domestic mobility industry partner companies and improve supply chain stability. Shinhan said it will set up the Shinhan-Sierra Mobility cooperation finance institutional private equity fund on July 14. Shinhan Investment Securities and Sierra Investment will jointly manage the fund and raise capital, while Hyundai Commercial will participate as an investor.

People & Events

Woori Bank to expand financial education for youth and vulnerable groups with SBA

Woori Bank will expand financial education for young people and financially vulnerable groups through a partnership with the Seoul Business Agency. The bank said it signed a financial education agreement with the agency on July 13. Woori Bank will join the Seoul Young Tech programme as a financial education partner. The two sides will jointly plan economic and financial education programmes and run online and offline channels, using specialised instructors and education infrastructure.