Woori Bank Provides "Maturity Extension, Interest Rate Reduction, and Fee Discounts" to Companies Affected by the Ukraine Crisis
[Asia Economy Reporter Song Seung-seop] Woori Bank announced on the 8th that it will implement a 'Special Management Stability Support' for small and medium-sized enterprises (SMEs) affected by the Ukraine crisis.
SMEs experiencing temporary management difficulties due to the Russia-Ukraine conflict can receive support for new loans, extensions of loan maturities, and reductions in interest rates and fees. For new loans, operating funds will be supported up to 500 million KRW within the scale of damage, and facility funds will be provided within the required amount for damage recovery. Appropriate preferential interest rates and fee reductions will be applied considering the damage status of each company. The support period is until the end of May.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Additionally, specialized consulting in management, finance, and taxation will be provided to affected companies or those expected to be affected. Woori Bank has established a 'Foreign Exchange Task Force' to respond to the Ukraine crisis and is working to minimize customer damage.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
