Woori Bank to Provide KRW 460 Billion in Support to 35 Promising Mid-Sized Companies... Expanding Productive Finance

On April 19, Woori Bank announced that, together with the Ministry of Trade, Industry and Energy, it has finalized the selection of 35 companies as the seventh cohort for the 'Rising Leaders 300' financial support program for mid-sized companies.

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This program is a leading productive finance support initiative designed to discover mid-sized companies with outstanding technological capabilities and growth potential, fostering them as key players in next-generation industries. Woori Bank and the Ministry of Trade, Industry and Energy have jointly promoted the program since 2023.

The selection for the seventh cohort began with a call for applications in March, followed by recommendations from four affiliated agencies under the ministry and a review by Woori Bank. As a result, a total of 35 promising mid-sized companies, including Dr. Egg, Jahwa Electronics, Silicontwo, and PowerMax, were selected.

Woori Bank will provide up to KRW 30 billion in financial support per company and apply an interest rate discount of up to 1.0 percentage point in the first year. In addition, the bank plans to offer a variety of non-financial services, including export-import financial solutions, ESG consulting, and digital transformation consulting.

Park Hwageun, Head of Corporate Sales Strategy at Woori Bank, stated, "We will provide practical financial benefits so that mid-sized companies with growth potential can take another leap forward in the global market," adding, "We will continue to secure future growth drivers for mid-sized companies and contribute to revitalizing our economy through productive financial support."

Meanwhile, through the first to sixth cohorts of the Rising Leaders 300 program, Woori Bank has supported a total of 190 companies with approximately KRW 1.8 trillion. In this seventh cohort, the bank plans to support promising regional companies as well as mid-sized companies in advanced strategic industries such as semiconductors and bio, with total support amounting to about KRW 460 billion, thereby underpinning their continued growth.

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