Finance
Shinhan Bank contributes 1.1 billion won to Ulsan credit guarantee body
Shinhan Bank said on Tuesday it signed an agreement with the Ulsan Credit Guarantee Foundation to support small businesses and self-employed people in Ulsan and help revitalise the local economy. Under the deal, Shinhan will make a special contribution of 1.1 billion won, and the foundation will provide 16.5 billion won in guarantees. Eligible borrowers are small companies and small merchants based in Ulsan, with a maximum guarantee limit of 100 million won per firm.
