Blue House Holds Financial Sector Review Meeting on 'Win-Win Finance Index' Preparations

Ha Joonkyung Chairs Meeting
Banks Share Status and Future Plans for Win-Win Cooperation

On July 1, the Blue House held a "Financial Sector Win-Win Growth Strategy Review Meeting" chaired by Ha Joon-kyung, Senior Secretary for Economic Growth, together with six major commercial banks.

On the 1st, the Blue House held a "Financial Sector Win-Win Growth Strategy Review Meeting" chaired by Ha Joon-kyung, Senior Secretary for Economic Growth of the Blue House, together with six major commercial banks. From the left: Lee Tae-hoon, Executive Director of the Korea Federation of Banks; Kang Myoung-kyu, Vice President of Shinhan Bank; Lee Won-jae, Secretary for SMEs and Startups at the Presidential Office; Song Yong-seob, Vice President of Woori Bank; Shin Jin-chang, Secretary General of the Financial Services Commission; Ha Joon-kyung, Senior Secretary for Economic Growth at the Presidential Office; Lee Byung-kwon, Second Vice Minister of the Ministry of SMEs and Startups; Eom Eul-yong, Vice President of NongHyup Bank; Kim Hyun-wook, Vice President of Kookmin Bank; Kwon Oh-sam, Vice President of Industrial Bank of Korea; Seo Yoo-seok, Vice President of Hana Bank. (Photo by Blue House)

This review meeting was convened to assess the preparations for the "Win-Win Finance Index," which is scheduled for implementation in the second half of this year, and to request cooperation from the financial sector to facilitate smooth evaluation. Today's meeting was attended by six banks (Kookmin Bank, Industrial Bank of Korea, NongHyup Bank, Shinhan Bank, Woori Bank, and Hana Bank), the Ministry of SMEs and Startups, the Financial Services Commission, the Korea Commission for Corporate Partnership, the Financial Supervisory Service, and the Korea Federation of Banks.

In January of this year, the government announced a strategy to expand the ecosystem for win-win cooperation from its traditional focus on manufacturing and construction to include finance, defense, and online platforms, through the "Large and Small Business Win-Win Growth Strategy." According to the Blue House, the significance of this meeting lies in reaffirming the need for the financial sector to serve as a "strategic partner"—not just a provider of funds, but an active supporter of structural improvement and growth for SMEs and small business owners.

In particular, the Korea Commission for Corporate Partnership and the Financial Supervisory Service will introduce the "Win-Win Finance Index" for the first time in the second half of this year, which is expected to become a new model that will shift the paradigm of win-win cooperation in the financial sector. The Win-Win Finance Index will comprehensively evaluate win-win finance performance, win-win cooperation performance, and the perception of beneficiaries. Through this, banks will be encouraged to substantially lower barriers to lending and expand close-knit support that drives corporate growth.

At the meeting, the six major commercial banks shared the current status and future plans for win-win cooperation in finance, and discussed measures to ensure that financial companies' win-win efforts translate into tangible growth for SMEs and small business owners.

Ha Joon-kyung, Senior Secretary for Economic Growth at the Blue House, said, "Financial companies must now become strong partners that drive the growth of SMEs and small business owners, going beyond the role of mere lenders. These efforts will lead to a virtuous cycle, where enhanced asset soundness and profit generation for financial companies are achieved, ultimately enabling sustainable growth for our economy."

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