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Shinhan Bank to support SMEs hit by Middle East war with Kibo

Shinhan Bank will work with the Korea Technology Finance Corporation (Kibo) to support small and medium-sized firms hurt by instability in the Middle East. The bank said it signed an agreement with Kibo on June 26 for inclusive financial support to help SMEs overcome crises stemming from the Middle East war and related factors. Shinhan will contribute 4 billion won, while Kibo will supply 200 billion won in guarantees using the funds.