300 Billion Loan at 1% Interest Rate... Woori Bank Provides Financial Support to 42 Companies

Selected the 3rd Class of 'Rising Leaders 300' with the Ministry of Trade, Industry and Energy

Woori Bank and the Ministry of Trade, Industry and Energy announced on the 7th that they have finalized the selection of 42 companies for the 3rd cohort of the financial support program for mid-sized enterprises, ‘Rising Leaders 300.’ This program is a mid- to long-term project that will provide a credit limit of 4 trillion KRW and financial cost support of 60 billion KRW over the next five years to mid-sized and prospective mid-sized companies.

Starting with the recruitment announcement in April, Woori Bank conducted preliminary credit limit screenings, and through recommendations from four organizations under the Ministry of Trade, Industry and Energy (KOTRA, KIAT, Korea Federation of Mid-sized Businesses, KOIIA), 42 companies were finally selected. These companies can receive loans up to 30 billion KRW and an interest rate discount of up to 1.0% in the first year. In addition, various non-financial benefits such as export-import finance solutions, ESG (Environmental, Social, and Governance) response consulting support, and digital transformation consulting will also be provided.

For this cohort, the number of final selected companies was significantly expanded compared to the 1st cohort (38 companies) and the 2nd cohort (34 companies). Woori Bank explained that this reflects the interest and participation of mid-sized and prospective mid-sized companies based on their funding demand requirements.

A Woori Bank official stated, “We expect that this project will enable timely financial support for mid-sized and prospective mid-sized companies with growth potential,” and added, “The announcement for the 4th cohort selection is scheduled for next month, so we ask for continued interest and participation.”