Woori Bank Offers Loan Limits and Interest Rate Benefits to ESG Excellent Companies

[Asia Economy Reporter Kim Jin-ho] Woori Bank announced on the 14th that it has launched the ‘Woori ESG Innovation Loan,’ which offers preferential loan limits and interest rates to ESG (Environmental, Social, and Governance) excellent companies.

The ‘Woori ESG Innovation Loan’ is available to companies with an environmental evaluation rating of BBB or higher certified by the Korea Environmental Industry & Technology Institute as green management companies (E), social economy companies (S) listed by the Korea Social Enterprise Promotion Agency, and companies disclosing corporate governance (G).

To promote green finance, companies holding eco-friendly certifications such as environmental label certificates and green certifications are offered a preferential interest rate discount of 0.1 percentage points. Additionally, based on automatic transfers of the four major social insurances including employment insurance, the number of regular employees, and provision of collateral such as movable property and intellectual property rights, an additional loan interest rate discount of 1.0 to 1.5 percentage points is possible.

Furthermore, when using commercial real estate such as knowledge industry centers, smart factories, and neighborhood shopping centers as collateral, up to 90% of the required funds can be supported. A Woori Bank official stated, "We will continue to strengthen ESG management through active financial support for ESG excellent companies."

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