Woori Bank Selects 32 Companies for 5th Cohort of 'Rising Leaders 300'

Up to KRW 30 Billion in Loans for Mid-Sized Companies Recommended by MOTIE Agencies
Preferential Interest Rates of Up to 1.0 Percentage Point

On June 20, Woori Bank announced that it has finalized the selection of 32 companies for the fifth cohort of the 'Rising Leaders 300' program, a financial support initiative for mid-sized enterprises in partnership with the Ministry of Trade, Industry and Energy, and will begin providing full-scale support.

The selection process for the fifth cohort began with a recruitment notice in April, followed by recommendations from four agencies under the Ministry of Trade, Industry and Energy and an evaluation by Woori Bank. Through this process, 32 promising mid-sized companies were selected, including Yanolja, Sangmi Food Co., Jeju Semiconductor, Synopex, and HB Technology Co. The selected companies will be eligible to receive financial benefits from Woori Bank, including preferential interest rates of up to 1.0 percentage point in the first year, with a maximum loan limit of KRW 30 billion per company.

Additionally, the four recommending agencies will provide various non-financial benefits, such as export-import financial solutions, ESG response consulting, and digital transformation consulting. A Woori Bank representative stated, "We have selected 32 mid-sized companies with technological capabilities and growth potential, and we plan to actively support them so they can enhance their competitiveness in the global market." The representative added, "Through the 'Rising Leaders 300' program, we will actively support the sustainable growth of mid-sized companies, which serve as the backbone of our economy."

Meanwhile, 'Rising Leaders 300' is a public-private partnership mid- to long-term financial support program launched by Woori Bank and the Ministry of Trade, Industry and Energy, running from 2023 to 2028. It aims to support mid-sized enterprises and potential mid-sized enterprises, which are the core of the industrial ecosystem, and to foster the growth of national high-tech strategic industries. The total scale of the program is KRW 4 trillion in loan limits and KRW 60 billion in financial costs. Up to the fourth cohort, a total of 139 companies have been selected, with KRW 1.4 trillion in support provided. In September, the sixth cohort of companies will be selected.