Woori Bank Partners with Korean Intellectual Property Office to Launch Regional Intellectual Property Financial Support

Discovering Regional SMEs and Mid-Sized Companies with Intellectual Property
One-Stop Financial Support from Secured Loans to Consulting

Woori Bank announced on the 15th that it has signed a 'Business Agreement for the Activation of Regional Intellectual Property Finance' with the Korean Intellectual Property Office (KIPO).

This agreement is the first case of a commercial bank and KIPO joining forces to support regional intellectual property finance, and it is expected to contribute to establishing a growth foundation for regional small and medium-sized enterprises (SMEs) and mid-sized companies.

Under this agreement, KIPO will discover outstanding regional intellectual property-holding companies, such as those certified for intellectual property management, through the Regional Intellectual Property Center (RIPC) and share information with the bank. Woori Bank will provide customized financial support such as △intellectual property (IP) secured loans △venture investment recommendations △management consulting through its BIZ Prime Center, a specialized channel for SMEs by region.

Jung Jin-wan, President of Woori Bank, stated, "We will discover regional SMEs and mid-sized companies with excellent technology and intellectual property and provide competitive services such as financial support necessary for growth and management consulting." He added, "We will continue to do our best to activate regional intellectual property finance."