Woori Bank and Byeonrisahoe Collaborate to Provide Financial Support for Intellectual Property Holding Companies
Woori Bank signed a business agreement with the Korean Patent Attorneys Association for the "Activation of Intellectual Property (IP)" at the Woori Bank headquarters in Jung-gu, Seoul. Kwon Kwang-seok (right), President of Woori Bank, and Hong Jang-won (left), President of the Korean Patent Attorneys Association, are posing for a commemorative photo.
View original image[Asia Economy Reporter Jin-ho Kim] Woori Bank announced on the 26th that it has signed a business agreement with the Korean Patent Attorneys Association to discover and foster innovative growth companies holding intellectual property rights.
At the signing ceremony, key officials from both organizations, including Kwon Kwang-seok, President of Woori Bank, and Hong Jang-won, President of the Korean Patent Attorneys Association, attended. Based on this agreement, both parties agreed to actively cooperate to discover and foster new innovative growth companies possessing excellent intellectual property rights such as patents, utility models, and design rights.
Woori Bank plans to provide financial support to companies recommended by the Korean Patent Attorneys Association that hold intellectual property rights but face difficulties securing operating funds, in cooperation with the Korea Technology Finance Corporation.
In addition, the bank will collaborate to provide financial support not only through direct investment in companies holding excellent intellectual property rights but also to companies applying for overseas intellectual property rights in the future.
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President Kwon stated, “Through this agreement, we will create synergistic effects by combining the strengths of both organizations to discover, foster, and invest in companies holding excellent intellectual property rights, as well as provide financial support to high-quality companies holding overseas intellectual property rights, thereby offering competitive financial services.”
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