Shinhan Bank said on Dec. 3 that it will launch a Productive Finance Growth Support Package for the ultra‑innovation economy, national core industries and manufacturing.

The package supports new investment funding and eases burdens from existing high‑rate loans. It plans interest support on 6.9 trillion won in loans, with about 52 billion won to be provided.

It consists of two programmes: interest support for new loans to companies in the ultra‑innovation economy and national core industries, and a programme that refunds interest on high‑rate loans and reduces principal.

The bank will offer rate cuts on about 6 trillion won in new loans to companies operating in sectors tied to 15 ultra‑innovation projects and national core industries.

Companies that meet certain credit standards and apply for new loans of 100 million won to 30 billion won will receive up to 100 basis points of rate support for one year after a separate review.

The bank said the plan aims to supply stable investment resources to companies with technology and growth potential and to support stronger industrial competitiveness.

Small firms and sole proprietors will also be covered by a programme that automatically repays part of the principal on existing loans. It applies when a loan extended within 12 months carries an annual rate above 7 percent, repaying up to 3 percentage points of the interest amount above 7 percent.

The programme will run for one year from mid‑December and covers about 979.9 billion won in loans. The bank expects about 4 billion won in principal reductions.

It applies automatically when a loan is extended and its rate exceeds 7 percent. Some sectors, including real estate leasing and supply, are excluded. Support is limited to borrowers with certain credit levels and no principal or interest arrears over the past six months.

A Shinhan Bank official said the package was prepared to support productive finance that strengthens national core industries and to ease burdens on small firms facing high rates. The official said the bank will continue expanding financial support so companies in ultra‑innovation industries and manufacturing can grow stably.