Woori Bank Fully Supports Guarantee Fees for Youth Startup Companies
[Asia Economy Reporter Kim Jin-ho] Woori Bank announced on the 29th that it has signed a business agreement with the Korea Technology Finance Corporation to support young startup companies with excellent technological capabilities through the 'Youth Startup Star Financial Support' program.
Through this agreement, Woori Bank and the Korea Technology Finance Corporation have agreed to actively cooperate in spreading the enthusiasm for startups by alleviating the initial financial burden of young startup companies, in line with the government's recent policies to revitalize the youth startup ecosystem.
Woori Bank will support guarantee fees of 0.3 percentage points for 3 years or 0.5 percentage points for 2 years for young startup companies whose actual managers are under 39 years old and have been established within 7 years. In particular, for young startup companies established within 5 years, if they receive a guarantee certificate within 300 million KRW, the guarantee fee will be fully waived.
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A Woori Bank official stated, "Through this agreement, we will actively support young startup companies with outstanding technological capabilities and contribute to the innovative growth of small and medium-sized enterprises."
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