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Finance

Shinhan Bank discusses productive finance support with aircraft maintenance firm

Shinhan Bank visited an aircraft maintenance company to discuss ways to support productive finance, aiming to directly assess funding needs of small and mid-sized firms for facility investment and working capital as the aviation industry recovers. The bank said its chief executive Jeong Sang-hyeok visited Sharps Technics K in Jung-gu, Incheon, toured maintenance hangars and reviewed operations, staffing and investment plans. Shinhan plans to consider corporate finance support measures for aviation firms.

Finance

Toss Bank upgrades employment contract service, links health certificate and resident record issuance

Toss Bank has upgraded its service to let users handle not only employment contract creation but also the preparation of documents needed on site through its app. The bank added document issuance functions to its "Easy Employment Contract" service, enabling workers to issue a health check result certificate, a resident registration record and a copy of a Toss Bank passbook. It also linked the feature to its mini-home for individual business account users.

Finance

Korea Investment Trust Management to join SpaceX IPO, add to space tech ETF

Korea Investment Trust Management will participate in SpaceX's initial public offering and plans to add allocated shares to a space-technology exchange-traded fund and a public fund it manages. The company said it will join the IPO ahead of SpaceX's planned listing on June 12 local time. It also plans additional purchases on the listing day and aims to raise SpaceX's weight in its ACE U.S. Space Tech Active ETF to as much as 25 percent.