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Hana Bank established a fund worth 30 billion won ($23 million) to support the socially vulnerable suffering from escalating financial pressures caused by recent energy price hikes, the lender said Sunday. The bank's labor and management set up the joint fund to help those in need, helping to reduce the financial burden on vulnerable debtors and around 150,000 of the lender's customers, it said.

Hana Bank will reward low-income borrowers with cash that is worth 1 percent of their remaining principal balance after they make withdrawals from the bank under the government's special loan program, the company announced on Friday. The reward will come in line with the Yoon Suk Yeol administration's call on major banks to lessen the financial burden of everyday citizens.

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