Jeong Ji-ho (third from left), head of the Global Business Group at Shinhan Bank, Koo Hyung-hoe (fourth from left), head of the Sales Division 3 at Shinhan Bank, Kim Sung-bok (first from left), director or H2KOREA and Moon Jae-do (second from left), chairman of H2KOREA pose for a photo shoot at the K-Green New Deal Strategic Cooperation Ceremony held at the Conference Room of H2KOREA in Seocho-gu, Seoul on May 10. (Photos: Shinhan Bank)

Shinhan Bank announced on May 10 that it has signed a business agreement with the H2KOREA to promote Green New Deal’s successful projects. The signing ceremony took place at H2KOREA Headquarters in Seocho-gu, Seoul.

H2KOREA is an organization that supports hydrogen production and supply in Korea through an improvement in regulations and systems in the entire hydrogen industry, the discovery of promising hydrogen companies and hydrogen production base construction projects.

Shinhan Bank will discover and develop sustainable business models to promote the distribution of hydrogen energy, such as fostering hydrogen-specialized companies and building infrastructure and actively cooperate with H2KOREA to successfully carry out the Green New Deal.

The lender will also provide non-financial services such as tax, accounting, personnel management and legal consulting for companies certified as hydrogen companies by H2KOREA.

“We will forge a Green New Deal strategic partnership with H2KOREA through this agreement,” a Shinhan Bank official said.

“We will take the lead in making the Green New Deal a big success by actively participating in building green New Deal infrastructure such as investment in eco-friendly industries and financial support for them.”

In addition, Shinhan Bank announced on April 27 that Shinhan Bank Vietnam, its Vietnamese subsidiary, has been selected as Vietnam’s best foreign bank by International Business Magazine, a global economic and financial magazine.

Shinhan Bank Vietnam was selected as the best foreign bank for the second consecutive year, following 2020 in recognition of its continued growth, in spite of a difficult business environment sparked off by the spread of the novel coronavirus.

Shinhan Bank Vietnam has contributed to the development of the Vietnamese financial market for 28 years since its advancement into Vietnam in 1993.

It has grown into the No. 1 foreign bank in the country through the acquisition of the retail banking business from ANZ Bank in 2017 and the launch of local mobile banking smartphone application “SOL VN.”

Since 2018, International Business Magazine has selected companies that have produced outstanding results across the world including the Middle East, Africa, Europe, Asia and the Americas, giving prizes to them in each category.

“We give credit to customer for this honor,” a Shinhan Bank Vietnam official said. “We will continue to strive to become a bank trusted by customers and society while giving top priority to customer value.”

Shinhan Bank Vietnam operates a network of 41 branches, the largest number of branches among foreign-owned banks in Vietnam.

The bank has been maintaining its solid leadership in the Vietnamese financial market by ranking first among foreign banks in terms of total assets and net income in 2020 and second among 35 VISA members in the first quarter of this year.

In the meantime, Shinhan Bank announced on April 22 that it will launch Easy, Convenient and Fast Shinhan Bank on its official YouTube channel.

Easy, Convenient and Fast Shinhan Bank offers short video clips where bank employees answer questions from customers and provide financial information and knowledge.

The YouTube service explains why exchange rates are different when exchanging money, how to get loans with installment savings as collateral.

By watching a video titled “Convenient SOL Application,” customers can learn how to open an account without visiting a Shinhan Bank branch and how to withdraw money from automatic teller machines (ATMs) with a Shinhan Bank smartphone application.

By clicking the video “Lesson for Financial Novices,” customers can learn difficult financial jargons and how to complete year-end tax settlement and how to cleverly manage personal credit ratings.

Recently, amid growing interest in finance and economy, the service provides contents not only to improve customers’ understanding of finance that they can feel difficult to comprehend but to make it easier for them unfamiliar with digital financial services to use such services by watching videos.