Woori Bank Holds 'Exchange Rate Seminar' for Regional Export and Import SMEs

On April 26, Woori Bank announced that it is strengthening on-site support by holding "On-Site Exchange Rate Seminars" for small and medium-sized export and import companies located outside the Seoul metropolitan area, which are facing difficulties due to growing geopolitical instability in the Middle East and increased exchange rate volatility.

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This seminar was organized to practically enhance the foreign exchange risk management capabilities of regional companies, which generally have less access to specialized foreign exchange and derivatives services compared to those in the metropolitan area. In particular, it differs from previous passive financial support in that the bank proactively visits company sites to provide customized consulting without requiring separate applications from companies.

On April 14, Woori Bank visited major export and import companies in the Busan area, such as Sungwoo Hitech and Taekwang Fujikin, to conduct on-site exchange rate seminars. On April 22, the seminar continued with visits to companies in the Gyeongnam region, including MNC Solution, GPC, and Woorim PTS.

During the seminar, the bank presented tailored response strategies for each company, focusing on the following areas: ▲ Middle East risk and trends in the international commodity market ▲ Key currency exchange rate trends and outlook ▲ Foreign exchange risk hedging strategies, such as forward exchange contracts and currency options.

A Woori Bank representative stated, "Export and import companies located outside the metropolitan area feel a significant sense of exchange rate risk, but, in reality, their access to information for managing such risks is relatively limited. Our focus is on providing on-site solutions for foreign exchange risk management tailored to each company's circumstances."

Woori Bank plans to expand the "On-Site Exchange Rate Seminar" to major industrial hubs such as Ulsan and Gwangyang, further strengthening support so that regional companies can maintain stable business operations amid ongoing global uncertainty.

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