MOU signed with Korea Aerospace Industries Association

Shinhan SOL Cluster Busan to anchor support

Lee Jong-gu (right), head of Shinhan Bank's Sales Promotion Group 1, and Yoon Byung-ho, vice chairman of the Korea Aerospace Industries Association, pose for a photo at an MOU signing ceremony held Tuesday at Shinhan Bank's headquarters in Jung-gu, Seoul. [Shinhan Bank]
Lee Jong-gu (right), head of Shinhan Bank's Sales Promotion Group 1, and Yoon Byung-ho, vice chairman of the Korea Aerospace Industries Association, pose for a photo at an MOU signing ceremony held Tuesday at Shinhan Bank's headquarters in Jung-gu, Seoul. [Shinhan Bank]

Shinhan Bank will partner with the Korea Aerospace Industries Association to provide financial support tailored to the growth stage of aerospace companies, offering loans, foreign exchange, investment financing, and non-financial consulting in areas such as tax and accounting.

Shinhan Bank signed a memorandum of understanding with the Korea Aerospace Industries Association on Tuesday at its headquarters in Jung-gu, Seoul, to strengthen the growth and competitiveness of domestic aerospace companies and association members. Lee Jong-gu, head of Shinhan Bank's Sales Promotion Group 1, and Yoon Byung-ho, vice chairman of the Korea Aerospace Industries Association, attended the signing ceremony.

Under the agreement, the association will identify the financial and non-financial needs of its member companies and guide them toward Shinhan Bank's support programs. The two organizations plan to share information on aerospace industry trends and individual member companies to develop tailored support measures, combining the association's industry expertise with the bank's financial capabilities to address each company's funding needs.

Shinhan Bank will provide financial services — including credit, foreign exchange, investment financing, technology financing and policy financing — suited to the business characteristics and growth stage of each member company. Non-financial consulting covering tax, accounting and ESG matters will also be available.

Corporate consultations and support referrals will be coordinated through the on-site network of Shinhan SOL Cluster Busan. The bank will channel funding needs identified by the association into financial support, and will create opportunities for member companies to communicate directly with bank specialists through seminars, briefings and consultation sessions.

"This agreement is an opportunity to broaden our touchpoints with aerospace companies and give concrete shape to the role of finance based on a deeper understanding of the industry," a Shinhan Bank official said. "We will work closely with the association to ensure that companies with strong technology and growth potential have access to the funding they need, and we will continue to provide productive financing that supports the growth of the aerospace industry."


forest@heraldcorp.com