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Finance

Shinhan Bank retains Incheon city treasury mandate worth about 17 trillion won

Shinhan Bank won the mandate to remain Incheon’s primary treasury bank in a market worth about 17 trillion won, fending off a challenge from Hana Bank. Incheon said it selected Shinhan as the designated institution for the primary treasury role for 2027-2030, while NH NongHyup Bank was chosen as the secondary treasury bank. The primary treasury manages general accounts, special public enterprise accounts and funds.

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

KB Kookmin Bank, credit guarantee body launch one-stop non-face-to-face guaranteed loan service

KB Kookmin Bank has launched a one-stop, non-face-to-face guaranteed loan service with the Credit Guarantee Foundation Central Association, allowing small merchants and sole proprietors to handle everything from guarantee applications to loan disbursement remotely. The bank said the service applies banking-as-a-service to the association’s integrated Bojeungdream app. To mark the launch, KB Kookmin Bank will run a fee-support event through Oct. 30.