Recruitment of Investment Target Companies for SME Growth Support Until March 10
Woori Bank announced on the 26th that it will hold the "11th Public Offering for Investment Target Companies to Support the Growth of Small and Medium Enterprises" from the 27th to March 10.
Since June 2018, Woori Bank established this system to directly invest in small and medium enterprises with high growth potential to secure growth engines suitable for the 4th Industrial Revolution era. Through a total of 10 public offerings until the second half of last year, the bank has invested in 90 companies, approximately 87.7 billion KRW, supporting the growth of small and medium enterprises.
The current recruitment targets are small and medium corporations with innovation and growth potential, such as startups, and applicants can apply even if they do not have financial transactions with Woori Bank. Detailed information such as submission documents and application methods can be found in the "Woori News" section within Woori Bank's internet banking.
Woori Bank plans to select about 15 investment target companies by June this year through internal screening stages such as technology and business evaluations, and invest up to 1 billion KRW in each company through methods such as Redeemable Convertible Preferred Stocks (RCPS).
A Woori Bank official stated, "Woori Bank is preparing various projects to support the startup and growth of small and medium enterprises to fulfill its social responsibility," adding, "We plan to support innovative companies with excellent technology to grow into core companies of our economy through continuous direct investment."
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