Shinhan Bank will support agreement-guarantee loan financing worth 7.5 billion won for mid-to-low credit companies and online sellers in Incheon. The bank signed an inclusive finance-focused agreement guarantee deal with the Incheon Credit Guarantee Foundation to supply guaranteed loans to local small and micro businesses. Eligible loans are new working-capital facilities at Shinhan Bank. The maximum limit is 50 million won per company, with a 100 percent guarantee and an annual guarantee fee rate of 0.8 percent.

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.