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Finance

Hana Bank to provide 20 billion won in guarantee support for social economy firms with credit guarantee fund

Hana Bank will work with the Korea Credit Guarantee Fund to expand financing support for social economy firms such as social enterprises and cooperatives. The programme will supply 20 billion won in guarantees. The bank also plans to subsidise part of the guarantee fee paid by companies for three years to reduce financing costs. Support will cover operating funds and loans for expanding business facilities or investing in equipment.

People & Appointments

Hana Financial opens AI, digital jobs centre for middle-aged in Gwangju Seo-gu

Hana Financial Group has opened a jobs centre in Seo-gu, a district of the Jeonnam Gwangju Integrated Special City, to help middle-aged people strengthen AI and digital skills and support re-employment. Hana Financial said it opened the Gwangju Seo-gu New Middle-Aged AI and Digital Jobs Centre on Aug. 25. The centre is the third under its Hana Power On Second Life programme, following openings in Seoul’s Gangnam-gu in 2024 and Sejong in January.

Finance

NH NongHyup Bank makes 10 billion won special contribution to support 150 billion won in loans

NH NongHyup Bank will provide 150 billion won in financial support to ease funding costs for locally based businesses, including village enterprises. The bank said on Aug. 13 it will make a special contribution of 10 billion won to regional credit guarantee foundations nationwide to 추진 tailored financing of 150 billion won. It will also lower interest burdens through interest subsidies linked to local government partnership loans.