Woori Bank to Support 'Rising Leaders 300' Companies with 4 Trillion Won over 5 Years
Loan, Preferential Interest Rates, and Customized Financial Service Support
Woori Bank will support selected companies of the mid-sized enterprise win-win finance project ‘Rising Leaders 300’ with 4 trillion KRW over five years.
On the 14th, Woori Bank announced that it selected the first batch of Rising Leaders 300 in collaboration with the Ministry of Trade, Industry and Energy and held a certification plaque awarding ceremony at Woori Bank’s headquarters in Jung-gu, Seoul.
Rising Leaders 300 is a new business model established by Woori Bank, the Ministry of Trade, Industry and Energy, and four affiliated organizations (KOTRA, Korea Institute for Advancement of Technology, Korea Federation of Mid-sized Enterprises, Korea Industrial Intelligence Association) to discover and support excellent and leading mid-sized enterprises, planning to select a total of 300 companies over five years.
Woori Bank will provide selected companies with a credit limit of 4 trillion KRW over the next five years (up to 30 billion KRW per company) and special preferential interest rates, supporting a total of 60 billion KRW in financial costs. Within two months of the launch, 230 billion KRW was supported, and a total of 800 billion KRW is planned to be supported by the end of this year.
Additionally, corporate branch managers will be connected one-on-one to provide customized financial services necessary for export expansion and technological innovation, and non-financial services such as global market entry will be integrally supported by utilizing Woori Financial Group’s global network of 574 branches in 24 countries. Four organizations under the Ministry of Trade, Industry and Energy, including KOTRA, will also provide separate special benefits such as overseas expansion support and research personnel development support.
In this first batch, a total of 38 mid-sized enterprises were selected across four fields: 25 companies in the Global Leader type (export increase), 4 companies in the K-Tech Leading type (technological innovation), 7 companies in the Future Value Leading type (ESG management), and 2 companies in the D·X Leap type (digital transformation).
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Cho Byung-kyu, President of Woori Bank, stated, “We will spare no financial support so that the Rising Leaders 300 companies selected through recommendations from the Ministry of Trade, Industry and Energy and specialized institutions can grow into leading companies driving the national economy.”
Woori Bank held the certification plaque awarding ceremony for the first batch of 'Rising Leaders 300' selected companies on the 14th at the Woori Bank headquarters in Jung-gu, Seoul. From the left: Ho-jun Lee, Vice Chairman of the Korea Federation of Medium-sized Enterprises; Byung-joo Min, President of the Korea Institute for Advancement of Technology; Young-jin Jang, 1st Vice Minister of the Ministry of Trade, Industry and Energy; Byung-kyu Jo, President of Woori Bank; Do-hoon Kim, Chairman of the Korea Industrial Intelligence Association; Yoon-tae Kim, Vice President of the Korea Trade-Investment Promotion Agency; Shinguk Kang, Head of Corporate Investment Banking Division at Woori Bank. Photo by Woori Bank
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