Shinhan Financial Group said it held a "Group Productive Finance Promotion Committee" meeting on Tuesday morning at its headquarters in Jung-gu, Seoul, to discuss improving the execution and effectiveness of productive finance that will be expanded from this year.

Key affiliate CEOs attended, including Chairman Jin Ok-dong (진옥동), who chairs the committee. The meeting was convened to finalise productive finance measures by affiliate and business area and to review detailed implementation steps such as execution schedules and the sharing of roles.

In the investment division, the group decided to expand participation in national core industries and mega projects such as AI, data centres, advanced manufacturing and renewable energy. It plans to use its own investment capabilities, including commitments to the National Growth Fund and the start-up venture fund of 250 billion won and the infrastructure development fund of 450 billion won.

In the lending division, the group plans to strengthen its forward-looking capabilities by building a sales system centred on industries related to the government's 15 leading ultra-innovation economy projects and by detailing credit support plans for balanced regional development. It plans to reorganise screening teams, improve credit rating models and establish a new research team.

In the inclusive finance division, the group plans to further expand the scope of support around projects it has prioritised. These include financial support for young people and vulnerable groups in regional areas through the Miso Foundation, easing burdens from high-interest financing costs, and support for victims of voice phishing and rental deposit fraud.

In particular, to drive productive finance in practical terms, it plans to reflect implementation targets and performance in major affiliates' strategic tasks and KPIs. It also plans to link this to management evaluations of executives at the holding company and key subsidiaries, including group CEOs, to boost execution.

Through this, Shinhan Financial completes detailed planning for productive finance totalling 20 trillion won this year and begins a full rollout. The plan includes the National Growth Fund of 2 trillion won, group investment of 2 trillion won, lending support of 13 trillion won and inclusive finance of 3 trillion won.

Jin said, "Shinhan Financial will expand effective financial support to vitalise the ultra-innovation economy and practise responsible finance that builds a virtuous cycle in our society." He added, "By focusing on the original role of 'productive finance', we will support efforts to energise capital markets and, through that, move beyond simply generating profits and establish ourselves as a key pillar of sustainable growth."