Shinsegae International, Partnership Growth Fund 10.8 billion won

Shinsegae International (Representative Cha Jung Ho) will create a mutual growth fund for mutual growth with this small business partner

Shinsegae International announced on February 22 that it will form a mutual growth fund with a total of 10.8 billion won with IBK Industrial Bank of Korea and Woori Bank with a 'Mutual Fund Growth Agreement' on the 23rd.

Fund resources are provided through Shinsegae International's interest of about KRW 7.2 billion deposited in these banks as a fixed deposit type. It is expected that a total of 50 small and medium-sized business partners will benefit from a 1.16-1.4% rate cut when they lend money to banks.

Shinsegae International has established a mutual growth committee since 2011 and has strengthened communication with its partner companies. The creation of this fund is part of win-win management.

Shin Jae-ho, International Representative, said, "Shinsegae International has grown as it has now, thanks to the help of many small and medium-sized business partners." "I hope that the mutual growth fund will help a small business partner a little."

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