Woori Bank to Inject 3 Trillion Won into Defense... Partners with LIG D&A for 'Productive Finance'

Comprehensive Support for Facilities, Exports, and Overseas Business Over Five Years
Expansion of Financial Services for Advanced Strategic Industries

Woori Bank is launching large-scale financial support to foster the K-Defense industry. This move goes beyond simple capital provision, aiming to strengthen 'productive finance' that supports the entire advanced strategic industry ecosystem.

(From left) Sung Ho Jeon, Head of Finance Team at LIG Defense & Aerospace; Jiyoung Son, Head of Financial Planning Office; Ikseong Ahn, Head of Management Headquarters (CFO); Yeonsu Bae, Corporate Group Head at Woori Bank; Yongseop Song, Head of Credit Support Group; and Yongcheol Park, Head of Gangnam Corporate Sales Headquarters, are posing for a commemorative photo after signing a business agreement at Woori Bank headquarters on the 14th.

On April 15, Woori Bank announced that it had signed a "Productive Financial Support Agreement (MOU) for K-Defense Fostering" with LIG Defense & Aerospace (LIG D&A). The signing ceremony was held the previous day at Woori Bank's headquarters in Jung-gu, Seoul.

Under this agreement, Woori Bank will provide a total of 3 trillion won in financing over the next five years. The scope of support includes facility investment, export financing, overseas business-related financing, and win-win cooperation financing, with funds to be injected across all stages of corporate growth. Through this initiative, Woori Bank plans to expand financial support to the entire advanced strategic industry, including defense, and to help enhance the industry's competitiveness. The bank's intention is to go beyond simple lending and strengthen its role as a 'partner' in industrial growth.

LIG D&A is a company with strong competitiveness in key defense sectors such as precision guided weapon systems, and it has been expanding its presence in overseas markets by increasing exports of the medium-range surface-to-air missile "Cheongung II," especially on the back of rising demand in the Middle East. Woori Bank is supporting such export growth and long-term investment by providing financial solutions such as foreign currency payment guarantees and facilitating the issuance of commercial paper (CP). This agreement is part of Woori Bank's ongoing strategy to reorganize its corporate finance portfolio around advanced strategic industries, including defense. The bank plans to expand financial support for future industries such as AI, biotechnology, and aerospace, and to strengthen the growth foundation at the industrial site by supplying funds in line with policy directions.

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