Woori Bank Strengthens Financial Support Including Loan Interest Rates for Promising Companies in the Wood Industry

Companies Selected by Korea Forestry Promotion Institute

[Asia Economy Reporter Jin-ho Kim] Woori Bank announced on the 21st that it will strengthen financial support for promising companies in the wood industry in collaboration with the Korea Forestry Promotion Institute.

The Korea Forestry Promotion Institute, a research and management specialized organization under the Korea Forest Service, operates the ‘KWood Company Support Program,’ which discovers promising companies in the wood sector with innovation and growth potential and provides incentives.

Woori Bank offers preferential benefits on loan interest rates, exchange rates, and fees to ‘KWood Wood Companies’ selected by the Korea Forestry Promotion Institute. Additionally, the bank plans to provide customized financial consulting services by visiting companies that find it difficult to visit branches.

A Woori Bank official stated, “We will do our best to help promising companies in the wood industry become leading companies through practical financial support.”