Finance

Shinhan Financial joins 117 billion won fund for green port transition infrastructure

Shinhan Financial Group is joining South Korea’s first blind fund for port logistics infrastructure, set up by the Korea Ocean Business Corp with a target size of 223 billion won. Shinhan Financial said on Sunday it held a fund commitment ceremony with the agency and agreed that its Shinhan Asset Management would form and manage a 117 billion won portion. The fund will invest in infrastructure to shift port energy to cleaner sources.

Games & Commerce

Korea Post launches Youth Future Savings offering up to 8.0 percent interest

Korea Post will launch its Youth Future Savings product on June 22 as a new participating provider of a government policy finance programme aimed at helping young people build assets. Eligible applicants are aged 19 to 34 and meet income requirements, with some small business owners also able to join if household income criteria are met. The three-year savings plan offers a base rate of 5.0 percent, with preferential rates and an event bonus lifting the maximum to 8.0 percent.