Hana Securities Signs Productive Finance MOU with IPARK Hyundai Development Company

Collaboration on Funding Support, Investment, and Fund Establishment

On June 4, Hana Securities announced that it had signed a "Memorandum of Understanding (MOU) for the Promotion of Productive Finance and Strengthening Competitiveness in Advanced Strategic Industries" with IPARK Hyundai Development Company.

This agreement was pursued to contribute to enhancing national industrial competitiveness by guiding the transition to productive funding and strengthening the competitiveness of advanced strategic industries, in line with the government's policy direction for a major transformation toward productive finance.

Kang Sungmook, CEO of Hana Securities (left), and Jung Kyunggu, CEO of IPARK Hyundai Development Company, are posing for a commemorative photo at the 'Productive Finance Grand Transition Promotion Business Agreement Ceremony' held on the 2nd. Hana Securities

The two companies plan to strengthen collaboration in the following areas: providing funding, investment, and establishing funds to promote productive finance; cooperating on large-scale projects such as public sector projects, as well as energy and power generation businesses; sharing information on market and financial industry trends; collaborating on projects by leveraging affiliates of Hana Financial Group; and jointly pursuing other business and cooperation initiatives as mutually agreed.

In particular, Hana Securities plans to utilize its comprehensive capital markets capabilities to support fundraising and financial structuring for large-scale project businesses and energy and power generation projects. IPARK Hyundai Development Company intends to enhance its business execution competitiveness based on its development and construction expertise, thereby expanding synergies between the two companies.

Sungmook Kang, CEO of Hana Securities, stated, "This agreement marks a meaningful starting point for creating new growth engines for the nation through productive finance and strengthening the competitiveness of advanced strategic industries. Hana Securities will serve as a genuine financial partner in large-scale projects and future industry-related businesses by leveraging our differentiated financial solution capabilities."

Kyunggu Jung, CEO of IPARK Hyundai Development Company, said, "Through our collaboration with Hana Securities, we plan to actively identify opportunities to promote productive finance and pursue businesses in future growth industries. Based on the expertise and networks of both companies, we will create a sustainable business cooperation model."

This content was produced with the assistance of AI translation services.