Business · Companies · 1 hr ago
Hana Bank to provide 100 billion won for financial support by 2028
Hana Bank will provide 100 billion won by 2028 to South Korea’s Inclusive Finance Agency to support people facing financial hardship.
The money will fund loans through the Hana Microfinance Foundation for small businesses, facility improvements and living costs.
The bank plans to provide 20 billion won in November, followed by 40 billion won in each of 2027 and 2028.
A separate loan for low-income workers will launch in December for employees earning no more than 35 million won a year who have worked for at least one year.
They can borrow up to 15 million won, with one year before repayments begin and five years to repay.
Some eligible borrowers can receive a 1-percentage-point interest-rate discount, including single-parent or large families, low-income people and victims of financial fraud.
Hana Bank said it will contribute a total of 100 billion won to the Korea Inclusive Finance Agency by 2028.
The money will fund loans for financially vulnerable people, including support for businesses and living expenses.
The bank plans to begin contributions with 20 billion won in November, followed by 40 billion won in each of 2027 and 2028.
Hana Bank also plans to launch a credit loan for low-income employees in December.
Eligible employees can borrow up to 15 million won, with preferential interest rates for some customers.
- Who
- Hana Bank.
- What
- It will contribute 100 billion won to the Korea Inclusive Finance Agency by 2028 and launch a credit loan for low-income employees.
- When
- The announcement was made on October 30, 2026. Contributions begin in November, and the loan is due to launch in December.
- Where
- South Korea.
- Why
- The contribution is intended to ease the financial burden on financially vulnerable people and support their economic independence.
This story does not have two clearly opposing sides.
Hana Financial Group announced its fifth inclusive finance transformation initiative.
Hana Bank announced its planned contributions and the new loan product.
Hana Bank plans to begin its contributions with 20 billion won.
Hana Bank plans to introduce a credit loan for low-income employees.
Hana Bank plans to contribute 40 billion won.
Hana Bank plans to contribute a further 40 billion won, bringing the total to 100 billion won.
- Total contribution
- 100 billion won by 2028
- Contribution recipient
- Korea Inclusive Finance Agency
- Contribution schedule
- 20 billion won in November; 40 billion won in each of 2027 and 2028
- Loan maximum
- 15 million won
- Loan eligibility
- Annual salary of 35 million won or less and at least one year of employment
- Loan repayment
- One-year grace period followed by repayment in installments over five years
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What people are saying
This contribution was prepared to support the economic independence of ordinary people and vulnerable groups who urgently need financial help
We will continue to expand the role and scope of support of inclusive finance