Shinhan Bank said on Wednesday it signed an agreement with the Korea Credit Guarantee Fund on financial support to expand region-focused productive finance and growth recovery, and will strengthen financial support for companies outside the capital region.

The agreement was 추진됐다 to strengthen local industrial foundations and support the recovery and leap of regional hub companies with growth potential. It targets firms with headquarters or business sites outside the capital region. In line with the policy direction for balanced national growth, it focused on boosting the self-sustaining capacity of regional industries.

Shinhan Bank plans to 추진됐다 guarantee supply totaling 123 billion won and provide additional support for guarantee fees to lower companies' financial cost burdens. It will improve funding conditions through preferential guarantee ratios and reduced guarantee fees, supporting expanded investment and hiring.

Eligible firms include regional main-industry companies, regional cooperation-industry companies, small and medium-sized enterprises relocating to 지방, and regional core companies that contribute to local economies and industrial ecosystems. Another feature is that it strengthened the support system for revitalising local economies through cooperation between financial institutions and policy finance institutions.

A Shinhan Bank official said, "We focused on strengthening the recovery resilience and growth foundation of local economies through preemptive financial support for regional hub companies." The official added, "We will continue to expand practical support that companies outside the capital region can feel."