Mubo Expands Trade Insurance Support for SMEs... Business Agreement with Woori Bank

Jang Young-jin, President of Korea Trade Insurance Corporation (left), and Cho Byung-kyu, President of Woori Bank, are taking a commemorative photo after signing a business agreement to expand trade insurance support for small and medium-sized enterprises at Woori Bank headquarters located in Jung-gu, Seoul on the 7th.

On the 7th, Korea Trade Insurance Corporation signed a business agreement with Woori Bank at Woori Bank's headquarters in Jung-gu, Seoul, to expand trade insurance support for export-oriented small and medium-sized enterprises (SMEs).

Through this agreement, both organizations will provide preferential export financing and expanded trade insurance support exclusively for SMEs to companies using Woori Bank. K-sure will offer benefits such as increased support limits and guarantee ratios for export credit guarantees to companies using the bank's digital financial platform, 'OneBiz Plaza,' as well as discounts on insurance and guarantee fees. Additionally, the two organizations are discussing a plan to provide integrated trade insurance services through Woori Bank's premium support for insurance fees to companies among the bank's clients that use K-sure's guarantees. This will enable companies to reduce the risk of non-payment of export proceeds within a certain limit without bearing additional costs.

Jang Young-jin, President of K-sure, stated, "This agreement is significant as it combines the extensive sales network of commercial banks with the Corporation's dedicated support system for small and medium-sized enterprises, providing a policy financial safety net." He added, "We will continue to collaborate with commercial banks to expand the base of Korean exports and do our best to support this effort."