Finance
Hana Bank, HD Hyundai Construction Equipment and KODIT to provide 85 billion won support for construction equipment suppliers
Hana Bank said it will expand a public-private cooperation model to support suppliers in the construction equipment industry. It signed a business agreement with HD Hyundai Construction Equipment and the Korea Credit Guarantee Fund to help small partner firms with technology development and export expansion. The three parties will form a 5 billion won fund to provide up to 85 billion won in financial support, including preferential guarantee ratios, reduced guarantee fees, and lower loan rates.
