Woori Bank Joins Hands with KOTEC.."To Provide Won 1 Trillion in Financial Support for Semiconductor and AI Industries"

[Financial News] Woori Bank will provide Won 1 trillion in guarantee-backed loans to key industries under the three major mega projects for Korea's great leap forward.
Woori Bank announced on the 26th that it signed the "K-SPARK Korea Great Leap Productive Financial Support Agreement" with KOTEC on the 25th.
The agreement was designed to strengthen support for advanced industries, including semiconductors, embodied AI, and AI data centers, through a joint financial support framework established by Woori Bank and KOTEC.
Under the agreement, Woori Bank will contribute special funds and guarantee fee support funds to KOTEC to help finance small and venture companies. Using those resources, it will supply Won 1 trillion in loans. The bank will also offer a higher guarantee ratio and a 1.0 percentage point reduction in guarantee fees for eligible companies.
Woori Bank President Jin-owan Jung said, "I hope this agreement will provide practical help in financing companies involved in semiconductors, embodied AI, and AI data centers, which are key sectors of Korea's three major mega projects for a great leap forward."
[email protected] Park Moon-soo Reporter