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Finance

Hana Bank expands support for small merchants with mid-to-low credit in Incheon with 91.5 billion won guarantees

Hana Bank will expand financial support for small merchants with mid-to-low credit in Incheon. The bank said on Aug. 27 it will make an additional 500 million won special contribution to the Incheon Credit Guarantee Foundation and strengthen inclusive finance support for local small business owners. The move expands a financial support programme launched in March. The bank’s contributions this year will rise to 6 billion won, and agreed guarantees via the foundation will increase to 91.5 billion won.

Finance

Hana Bank to expand financial support in Incheon, launch 200 billion won unicorn fund

Hana Bank will expand financial support for young people, low-income groups and small merchants in the Incheon area and increase funding to foster future strategic industries and startups. The bank said it signed three agreements with Incheon on Aug. 14, including a co-growth pact, support for ABC+E sectors and an investment accord for an Incheon Unicorn Fund. The fund will be set up at 200 billion won to invest in local startups and growth firms.

Finance

Hana Financial appoints Lee Seung-yeol as CIFO to strengthen inclusive finance governance

Hana Financial Group said on Tuesday it will strengthen its inclusive finance execution framework by appointing Vice Chairman Lee Seung-yeol (이승열) as chief inclusive finance officer. The group said it executed more than 60 percent of its 3.1 trillion won annual inclusive finance target in the first half and will step up efforts in the second half. Plans cover youth and small business support, debtor protection and financial crime prevention, and expansion of social solidarity finance.