Woori Bank Partners with Kibo and Born2Global Center to Support ICT Startups
Woori Bank signed a 'Business Agreement to Support the Global Expansion of ICT Innovative Technology Companies' on the 13th at the Born2Global Center Pacific Hall located in Pangyo, Gyeonggi-do. Seodonglip, Group Head of Woori Bank (far right), is taking a commemorative photo with Kim Youngchun, Standing Director of the Korea Technology Finance Corporation (far left), and Kim Jonggap, Director of the Born2Global Center.
View original image[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 14th that it signed a 'Business Agreement to Support the Global Expansion of ICT Innovative Technology Companies' on the 13th together with the Korea Technology Finance Corporation and Born2Global Center. The signing ceremony was attended by Seodonglip, Group Head of Woori Bank, Kim Youngchun, Standing Director of Korea Technology Finance Corporation, and Kim Jonggap, Head of Born2Global Center.
According to this agreement, Born2Global Center, a non-profit organization under the Ministry of Science and ICT, will recommend promising startups in the ICT sector to Woori Bank and Korea Technology Finance Corporation, and the two organizations plan to support their growth through financial assistance.
Woori Bank will support an annual guarantee fee reduction of 0.4 percentage points for two years if the companies recommended by Born2Global Center qualify for the Korea Technology Finance Corporation's guarantee fee support agreement. Additionally, based on Woori Bank's 478 global networks, it will provide local financial support in the respective countries when these companies expand overseas. Since 2018, Woori Bank has invested in 45 companies with about 43 billion KRW, directly discovering and investing in innovative growth companies, and plans to cooperate to enable the use of this investment public offering system.
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A Woori Bank official stated, "Through the three-party agreement, we will establish a cooperative relationship to discover and support promising ICT startups and do our best for their growth," adding, "In particular, we will continuously seek ways to provide prompt support for guarantee loans through guarantee fee support and extend assistance to overseas expansion and direct investment in the future."
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