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Finance

Hana Bank teams up with public delivery app Mukggae-bi to support small merchants

Hana Bank said on Tuesday it signed a strategic partnership with the operator of public delivery app Mukggae-bi to provide financial support for local small merchants and promote use of the app. The agreement aims to ease management burdens as merchants face high inflation and rising fees and labour costs. The bank plans dedicated products and links to policy financing, along with affiliated cards, discount coupons and services for foreign users.

Finance

Shinhan Bank makes 4.5 billion won special contribution to Incheon credit guarantee foundation

Shinhan Bank said on Thursday it signed an agreement with the Incheon Credit Guarantee Foundation to help ease financial burdens for small and medium-sized enterprises and small merchants in Incheon and support the local economy. Under the deal, the bank will make a 1.5 billion won special contribution, enabling 22.5 billion won in guarantee support, with per-company limits of up to 200 million won. It also cited a prior agreement providing additional support.