Shinhan Bank and KIET Sign MOU to Strengthen 'Foresight' in Productive Finance

Shinhan Bank signed a business agreement with the Korea Institute for Industrial Economics & Trade (KIET) on April 15 for 'Promoting Productive Finance and Cultivating Industrial Foresight.'

At the signing ceremony for "Promoting Productive Finance Activation and Cultivating Industrial Foresight" held on the 15th at Shinhan Bank headquarters in Jung-gu, Seoul, Shinhan Bank President Sungnam Hyuk (left) and Korea Institute for Industrial Economics and Trade President Kwon Namhoon are taking a commemorative photo. Provided by Shinhan Bank

This agreement was established to enable a comprehensive evaluation system that shifts corporate assessments from a finance-centric approach to one based on industry and technology, in response to rapidly changing industrial structures and technological innovation. It also aims to foster 'foresight' in the field by more precisely identifying and supporting companies with growth potential, thereby boosting productive finance.

With this agreement, the two organizations will jointly promote practical education programs such as: special lectures by KIET researchers; seminars and workshops on technology stages and value chains for ultra-innovative industries; and the operation of the 'Foresight Academy' for credit officers and relationship managers. In addition, they will carry out joint research and task identification on major industry issues, continuously advancing their industry analysis capabilities.

Through these initiatives, Shinhan Bank plans to enhance the industrial and technological analysis capabilities of its employees and expand financial support for high-growth-potential companies. Furthermore, by connecting investment and loan-based composite finance, the bank intends to broadly meet companies' funding needs at each stage of their growth.

Jung Sanghyuk, President of Shinhan Bank, who attended the signing ceremony, stated, "This agreement will provide an opportunity to deepen our understanding of industry and technology and to actively discover and support companies with high growth potential." He added, "We will continue to expand our cooperation with specialized research institutes to support the growth of innovative companies and take the lead in promoting productive finance."

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