GEOJE — BNK Kyongnam Bank signed a mutual cooperation agreement on the 1st with the council of in-house partner companies of Hanwha Ocean, aimed at expanding financial support for shipbuilding suppliers in a sector that anchors the regional economy.
Lim Jae-moon, head of BNK Kyongnam Bank's Western Business Group, visited the council's office to sign the agreement with its chairman, Kim Sung-gu. Under the deal, the bank will provide preferential financial support services and banking conveniences to companies recommended by the council and to firms seeking such services. The council will handle administrative matters required for the financing work and help publicize the support programs among member suppliers.
"We hope this will strengthen the growth foundation of shipbuilding partner companies and serve as a catalyst for injecting new vitality into regional industry," Lim said. "As a leading financial institution in the region, we will continue to contribute to the development of local industry and the revitalization of the regional economy."
BNK Kyongnam Bank signed a similar agreement in February this year with the partner company council of Samsung Heavy Industries and has been supporting firms recommended by that council as well as companies seeking the services.
