Hana Bank, KOTEC and KODIT Sign 200 Billion Won Partnership Guarantee for Youth Enterprises

Hana Bank announced on the 23rd that it will provide partnership guarantee support totaling 200 billion won in collaboration with Korea Technology Finance Corporation and Korea Credit Guarantee Fund to foster youth enterprises.

Hosung Lee, President of Hana Bank (center), is posing for a commemorative photo after signing a business agreement on the 'Y-BRIDGE Guarantee Financial Support for Youth Business Leap' with Hyeongtaek Kwon, Chairman of the Korea Technology Finance Corporation, and Seungjun Kang, Chairman of the Korea Credit Guarantee Fund, at Hana Bank Euljiro Headquarters in Jung-gu, Seoul, on the 21st. Provided by Hana Bank

In relation to this, Ho-Sung Lee, President of Hana Bank, signed a financial business agreement titled "Y-BRIDGE Guarantee Financial Support for the Leap of Youth Enterprises" with Hyungtaek Kwon, Chairman of Korea Technology Finance Corporation, and Seungjun Kang, Chairman of Korea Credit Guarantee Fund, at Hana Bank's Euljiro head office in Jung-gu, Seoul on the 21st.

Through this agreement, Hana Bank will provide a total of 200 billion won in guaranteed business loans to young entrepreneurs and offer various financial benefits. Individual entrepreneurs aged 39 or younger who meet the guarantee requirements, as well as youth enterprises where a young person serves as CEO, will be eligible to receive up to 300 million won in funding. Based on the agreement with Korea Technology Finance Corporation and Korea Credit Guarantee Fund, a 100% guarantee ratio will be applied. Hana Bank also decided to fully cover the fixed guarantee fee of 0.3% that youth entrepreneurs are required to pay to the guarantee funds.

Additionally, Hana Bank will offer tailor-made financial benefits to help young people build assets. Up to 50,000 "Naemam Savings Preferential Interest Rate Coupons" will be made available, offering a maximum annual interest rate of 6.5% to business owners, individual entrepreneurs, and employees aged 39 or younger.

President Lee stated, "We hope that young entrepreneurs with innovative technologies and ideas will be able to overcome early-stage funding difficulties and take a significant leap forward through this guarantee support. Hana Bank will continue to provide a wide range of generous support so that the challenges and growth of the young generation, who will lead the future, can develop into globally competitive youth enterprises."

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