Up to 500 Million KRW in Emergency Funds per Company
Active Support for Affected Companies with Preferential Interest Rates and Fee Reductions
Woori Bank has decided to provide emergency management stabilization funds to support small and medium-sized enterprises (SMEs) and small business partners struggling due to Homeplus's corporate rehabilitation process.
The support includes △emergency new funds of up to 500 million KRW per company △extension of loan periods without reducing the loan amount △extension of the grace period for export bills of exchange default processing △preferential interest rates △fee reductions, and plans to quickly provide necessary funds through expedited screening.
This management stabilization fund support is a measure to provide practical assistance to SMEs and small business owners facing difficulties due to delayed payment of delivery fees following Homeplus's recent corporate rehabilitation filing, and it is expected to greatly help overcome the management crisis.
Meanwhile, on his first day in office, President Jung Jin-wan visited the Namdaemun Market Merchants Association and promised to actively support the difficulties of small business owners. He also visited the Korea Management Innovation SME Association to discuss support measures for SMEs. Since then, he has continuously shown interest in financial support for SMEs and small business owners.
A Woori Bank official said, "This management stabilization fund support was quickly decided to help SMEs and small business owners who suddenly suffered damage to get back on their feet," adding, "Woori Bank will continue to explore various financial support measures that can provide practical help to affected companies."
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