Shinhan Bank retained Incheon Metropolitan City’s No. 1 treasury mandate after defeating Hana Bank in a two-way contest. The primary treasury, covering the general account, public-enterprise special accounts and funds, totals 14.4527 trillion won under this year’s main budget and will be operated from Jan. 1, 2027, through Dec. 31, 2030. NH Nonghyup Bank was selected for the No. 2 treasury, which manages other special accounts totaling 2.0199 trillion won. Shinhan cited its treasury-management experience since 2007 and deposit rates, while Hana highlighted Hana Financial Group’s Cheongna relocation and local economic contributions.