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Shinhan Bank launches productive finance growth support package

Shinhan Bank unveiled a growth support package targeting the ultra‑innovation economy, national core industries and manufacturing. It plans interest support on 6.9 trillion won in loans and will also run a programme that repays part of the principal on existing loans with interest rates above 7 percent. The package includes rate cuts on up to 6 trillion won in new loans and automatic principal reductions for eligible small firms and sole proprietors. Some sectors are excluded, and credit conditions apply.