Hana Financial Group to Provide 12 Trillion Won in Support to Korean Firms in Iran... "Humanitarian Aid for Korean Residents as Well"

[The Financial News] Hana Financial Group announced on the 2nd that it will provide 12 trillion won in funding to Korean-affiliated companies in Iran that are struggling in the wake of attacks by Israel and the United States. Taking into account the rapidly deteriorating situation in the Middle East, Hana Financial Group will also move quickly, in consultation with government-affiliated institutions, to implement humanitarian assistance measures for affected Korean residents. The emergency support program is part of the group’s ongoing efforts to promote financial inclusion.
Hana Financial Group Chairman Ham Young-joo said, "We will mobilize all of the group’s capabilities so that Korean residents and companies suffering from this unexpected geopolitical instability can regain stability as soon as possible," adding, "We will continue to fulfill our role as a financial group that lives up to its social responsibilities."
Hana Bank, a key affiliate, has established a set of preemptive response systems for various scenarios as the Middle East crisis escalates, and will provide emergency special financial support to help stabilize the management of companies harmed by the situation in Iran.
To provide emergency liquidity to companies affected by the Iran crisis, Hana Bank will supply a total of 12 trillion won in funding and offer up to 500 million won in emergency management stabilization funds to each eligible firm. It also plans to support affected domestic companies by extending the maturity of existing loans by up to one year, granting grace periods of up to six months on installment repayments, and reducing lending rates by up to 1.0 percentage point.
The financial support will be available to companies operating in the Middle East, firms that have conducted or are scheduled to conduct import or export transactions with the region since January 2025, and other affected businesses such as partner and supplier companies linked to these firms.

mj@fnnews.com Reporter Park Moon-soo Reporter