Woori Bank Selects 2nd Cohort of 'Rising Leaders 300' for Mid-sized Enterprise Financial Support
KRW 445 Billion Support Planned
Woori Bank announced on the 17th that it has selected the second batch of the mid-sized enterprise financial support program, ‘Rising Leaders 300,’ in collaboration with the Ministry of Trade, Industry and Energy.
In this second batch, 34 mid-sized enterprises were selected across four categories: ▲Global Leader Type (export increase, 11 companies) ▲K-Tech Leading Type (technological innovation, 8 companies) ▲Future Value Leading Type (ESG management, 8 companies) ▲D·X Leap Type (digital transformation, 7 companies). Woori Bank plans to provide funding totaling 445 billion KRW to these companies.
Rising Leaders 300 is a financial support project for mid-sized enterprises jointly conducted by Woori Bank, the Ministry of Trade, Industry and Energy, and four affiliated organizations (KOTRA, Korea Institute for Advancement of Technology, Korea Federation of SMEs, Korea Industrial Intelligence Association). At the end of June, 38 companies were selected as the first batch, and financial support amounting to 470 billion KRW is currently being implemented. The program also offers initiatives to strengthen the global competitiveness of export-oriented mid-sized enterprises, such as export competitiveness enhancement financial support seminars and digital transformation webinars.
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A Woori Bank official stated, “Rising Leaders 300 is a mid- to long-term project that will provide a credit limit of 4 trillion KRW and financial cost support of 60 billion KRW over the next five years. Woori Bank plans to accelerate financial support for export-oriented mid-sized enterprises,” adding, “We are also reviewing additional support measures and hope for strong interest from mid-sized and prospective mid-sized enterprises.”
List of selected companies for the 2nd term of the mid-sized enterprise financial support program 'Rising Leaders 300'. Photo by Woori Bank
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