Woori Bank and Kibo Sign Business Agreement on Financial Support for Overseas Expansion Companies

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 20th that it has signed a "Technology Guarantee Fund-Woori Bank Business Agreement for Financial Support of Overseas Expansion Companies" with the Korea Technology Finance Corporation (Kibo). The signing ceremony was attended by Seo Young-ho, Head of Woori Bank's Global Group, and Kim Young-choon, Director of Kibo.

The financial support targets overseas subsidiaries of parent companies (small and medium-sized enterprises, mid-sized companies) engaged in manufacturing, manufacturing combined with wholesale and retail, or service industries.

Woori Bank will directly provide credit to local companies through its overseas business network, using the payment guarantees issued by Kibo to domestic parent companies as collateral for companies that have expanded or plan to expand overseas.

A Woori Bank official stated, "Woori Financial Group, which has a global network of 474 branches in 26 countries, is focusing on expanding its business base in the Southeast Asian region," adding, "We will actively support companies' overseas expansion by discovering and supporting excellent companies through our overseas business network."

Woori Bank announced on the 20th that it signed a "Technology Guarantee Fund-Woori Bank Business Agreement for Financial Support of Overseas Expansion Companies" with the Korea Technology Finance Corporation at its headquarters in Jung-gu, Seoul. Seo Young-ho (right), Head of Woori Bank's Global Group, is taking a commemorative photo with Kim Young-chun, Director of the Korea Technology Finance Corporation.

This content was produced with the assistance of AI translation services.