Woori Bank Expands Productive Finance Support for Technology SMEs in Partnership with Kibo

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Woori Bank announced on the 21st that it has signed a financial business agreement with the Korea Technology Finance Corporation (Kibo) for the "K-TOP Recommended Financial Support for Promoting Productive Finance."

Kibo's K-TOP is an open platform equipped with AI-based core technology evaluation services, providing companies' technology evaluation information to banks and public institutions so they can utilize it according to their needs.

Woori Bank, as the first bank in the industry to connect with the K-TOP platform, will identify companies with strong technological capabilities and high growth potential at an early stage, pre-screen candidates for guarantee recommendations, and swiftly provide funding to technologically advanced small and medium-sized enterprises. Through this initiative, the bank plans to actively support the transition to productive finance under Woori Financial Group's "Woori Financial Future Co-Growth Project."

Going forward, Woori Bank will make a special contribution of 1 billion KRW to the Korea Technology Finance Corporation, recommend a guarantee limit of 20 billion KRW, and provide support to innovative small and medium-sized enterprises that meet Kibo's technology guarantee requirements and obtain a K-TOP recommendation grade of B or higher in the technology business evaluation.

Jung Jinwan, President of Woori Bank, stated, "This agreement is part of the 'Woori Financial Future Co-Growth Project,' and we will expand productive finance so that small and medium-sized enterprises with strong technological capabilities and growth potential can secure stable funding even in challenging business environments. Woori Bank will actively support the sustainable growth of the Korean economy by rapidly supplying funds to productive sectors such as future high-tech industries and venture companies."

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