Woori Bank and Korea Credit Guarantee Fund Join Forces to Provide Financial Support for Overcoming Mutual Tariff Crises

Contributed 10 Billion KRW to Korea Credit Guarantee Fund
Provides 210 Billion KRW in Liquidity to SMEs and Mid-sized Companies

On April 25, Woori Bank announced that it had signed a "Financial Support Business Agreement for Overcoming Mutual Tariff Crises for SMEs and Mid-sized Enterprises in the Innovative Growth Sector" with the Korea Credit Guarantee Fund at its headquarters in Jung-gu, Seoul.

This agreement was established to support small and medium-sized enterprises (SMEs) and mid-sized companies that are facing difficulties in securing liquidity due to the spread of global protectionism and rising exchange rates. The two institutions plan to build an organic cooperative system to expand financial support and create a sustainable management environment.

Woori Bank will make a special contribution of 10 billion KRW to the Korea Credit Guarantee Fund, and based on this, will provide loans totaling 210 billion KRW. Specifically, the support includes: raising the guarantee ratio to a maximum of 95%, increasing the guarantee limit per company to up to 50 billion KRW, and offering customized guarantees according to each company's growth roadmap.

Woori Bank and the Korea Credit Guarantee Fund have been continuously expanding their dedicated organizational networks to support the growth of SMEs and mid-sized companies, which serve as the backbone of the Korean economy. Through this agreement, they expect to generate greater synergy and contribute to the authorities' efforts to secure a stable supply chain.

In particular, Woori Bank expanded its SME and mid-sized company specialized channel, the "Biz Prime Center," by newly establishing branches in the Hwaseong and Pyeongtaek regions this year, bringing the total to 12 regions nationwide. As a result, the bank achieved the early completion of the 290 billion KRW "Customized Financial Support Agreement Guarantee by Growth Stage" implemented last year.

Bank President Jung Jinwan said, "Through this agreement, we will actively provide financial support to overcome mutual tariff crises together with the Korea Credit Guarantee Fund," adding, "We will actively support innovative growth companies so that they can leap forward as global enterprises by providing timely liquidity."

This content was produced with the assistance of AI translation services.