Hana Financial Group plans to create a 50 billion won fund to support technology innovation and shifts into new industries by companies located in industrial parks. It also plans to support ESG management consulting, obtaining domestic and overseas certifications, export expansion and investment in industrial park infrastructure, with the aim of spreading productive finance to industrial sites.

Hana Financial said on June 10 it signed a business agreement with the Korea Industrial Complex Corporation, the Korea Industrial Complex Management Association Federation and the Global Leading Companies Association to expand productive finance in industrial parks.

The four organisations will jointly 추진 a “K-Industrial Complex New Growth Project” to drive innovative growth by tenant companies in industrial parks and revitalise regional economies.

Hana Financial will first create a 50 billion won “Industrial Park New Growth Fund”. Using a blind fund, it plans to provide growth capital needed for new business investment, technology development and business expansion to promising tenant companies in industrial parks and to solid member companies of industrial park economic groups.

It will also expand support for commercialisation by tenant companies. Hana Financial will provide ESG management consulting, support for obtaining domestic and overseas certifications and preferential interest rate benefits for companies in industrial parks. It also plans to take part in open innovation in industrial parks and regulatory improvement efforts to offer tailored solutions for each company.

It will also pursue cooperation to revitalise regional industrial parks. Hana Financial will support efforts to revitalise industrial parks outside the Seoul metropolitan area and sponsor the second Korea Industrial Park Export Fair in September. It plans to run a financial cooperation desk and seminars to support matching regional companies with overseas buyers and expanding exports.

It will also provide financial support for investment in future industrial infrastructure and for upgrading industrial park structures. Hana Financial will participate in attracting private capital for public-private joint development projects such as an industrial complex environment improvement fund, and also 추진 support for financial structuring for redevelopment of ageing industrial parks and projects to create new industrial parks.

The programme also includes support for manufacturing artificial intelligence transitions and carbon neutrality. Hana Financial will provide investment advice and tailored financial products needed to build AI solutions, 5G specialised networks and modular edge data centres for manufacturing AI transitions by tenant companies in industrial parks. It also plans to support green financial products for RE100 implementation and linkages and advice with financial platforms related to carbon emissions trading.

Kang Seong-mook (강성묵), vice chairman of Hana Financial, said he hopes the K-Industrial Complex New Growth Project will become a stepping stone for companies’ global leap. He said Hana Financial will continue supplying venture capital and supporting innovation.