Woori Bank Signs Productive Finance Agreement with Hanwha Group for Advanced Industry Investment

Tailored Fund Execution for Hanwha Group's Investment Schedule
in Defense and Aerospace Industries

Woori Bank announced on January 22 that it had signed a "Financial Support Agreement for Building an Advanced Strategic Industry Ecosystem" with Hanwha Group at Hanwha Group headquarters.

The signing ceremony was attended by Jinwan Jung, President of Woori Bank, Yongin Shin, Chief Financial Officer (CFO) of Hanwha, and other key executives from both companies. The two parties agreed to pursue financial cooperation focused on advanced strategic industries such as defense and aerospace, including facility investments, export-import financing, and overseas business projects.

This agreement is particularly notable for establishing a pre-set credit support limit in line with Hanwha Group's investment schedule, thereby enhancing the speed and predictability of fund execution. In addition, as part of the collaboration, specialized asset management consulting services will be provided to Hanwha Group employees.

A Woori Bank representative stated, "The core of productive finance is to proactively design financial support structures in line with a company's mid- to long-term investment plans," adding, "We will continue to play a financial role in supporting real economic growth, especially in advanced strategic industries."

On the 22nd, Hanwha Group headquarters signed a "Productive Financial Support Agreement for Building an Advanced Strategic Industry Ecosystem" with Woori Bank. Taewoo Kang, Executive Director of Hanwha (from left), Yeonseong Jang, Chief Financial Officer of Hanwha Ocean, Yeonbo Jeon, Chief Financial Officer of Hanwha Systems, Yongin Shin, Chief Financial Officer of Hanwha, Jinwan Jeong, President of Woori Bank, Yeonsu Bae, Head of Corporate Group at Woori Bank, Yongseop Song, Head of Credit Support Group at Woori Bank, and Haewon Jeong, Head of Jongno Corporate Sales Division at Woori Bank, are taking a commemorative photo at the signing ceremony. Photo by Woori Bank