Woori Bank Signs 400 Billion KRW Special Contribution Agreement for Gibo... Fostering 'New Deal Companies'
Preferential Financing for Companies Engaged in New Deal Projects
Supporting Innovative Growth of Tech-Savvy SMEs
[Asia Economy Reporter Song Seung-seop] Woori Bank announced on the 7th that it has signed a business agreement with the Korea Technology Finance Corporation (KOTEC) to strengthen financial support for Korean New Deal companies through the 'Korean New Deal Company Innovation Growth Financial Support' program.
This agreement was established to provide preferential financial support to companies engaged in New Deal projects through collaboration between Woori Bank and KOTEC, and to support the innovative growth of small and medium-sized enterprises with technological capabilities.
According to the agreement, Woori Bank will contribute special funds and guarantee fee subsidies to KOTEC. Based on this, preferential policies such as ▲increased guarantee ratio (85% → 100%) ▲guarantee fee support (0.3%p, up to 3 years) ▲KOTEC guarantee fee reduction (0.2%p, up to 3 years) will be implemented. Approximately 400 billion KRW worth of guaranteed loans will be supported over three years.
The support targets include ▲Digital New Deal ▲Green New Deal ▲Strengthening social safety nets ▲Regional balanced New Deal ▲Other companies with technological capabilities.
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A Woori Bank official emphasized, “Through this business agreement, Woori Bank will work with KOTEC to provide financial resources for innovative growth to small and medium-sized enterprises with technological capabilities and take the lead in fostering a successful Korean New Deal.”
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