Woori Bank to Nurture 45 Mid-Sized Companies in Semiconductors, Bio, and AX
TECHWORLD ·
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Woori Bank selected 45 companies for the eighth cohort of its "Rising Leaders 300" program with the Ministry of Trade, Industry and Energy.
It moved up the eighth-cohort application announcement by one month from the previous year and changed the existing DX category to AX.
The selected companies will receive loans of up to KRW 30 billion per company and interest-rate preferential treatment of up to 1.0 percentage point in the first year, among other benefits.
Woori Bank said that, jointly with the Ministry of Trade, Industry and Energy, it has finalized the selection of 45 companies for the eighth cohort of its mid-sized company financial support program, "Rising Leaders 300," and will begin full-scale support for the cohort companies.
"Rising Leaders 300" is a flagship productive financial support program designed to discover mid-sized companies with technological capabilities and growth potential and foster them into key players in next-generation industries. Woori Bank and the Ministry of Trade, Industry and Energy have jointly pushed ahead with the program since 2023.
Woori Bank said it brought forward the application announcement period for the eighth cohort by one month from the previous year. It also changed the existing DX category to AX in the eighth-cohort overhaul to respond to shifts in industry trends.
The selection of the eighth cohort was made through recommendations from four organizations under the Ministry of Trade, Industry and Energy and Woori Bank's screening. The recommendations involved KOTRA, the Korea Federation of Middle Market Enterprises, the Korea Intelligent Industry Association (KOIIA), and the Korea Institute for Advancement of Technology (KIAT), and 45 mid-sized companies considered promising for building an innovation ecosystem were selected. Among the selected companies were Kolmar Holdings, STATS ChipPAC Korea, and Lionchemtech.
Woori Bank will provide loans of up to KRW 30 billion per company to the selected firms and offer interest-rate preferential treatment of up to 1.0 percentage point in the first year. It also plans to provide export-import financing support, as well as overseas expansion consulting and corporate succession solutions.
Park Hwa-geun, head of Woori Bank's Corporate Sales Strategy Department, said the bank brought forward the eighth-cohort announcement period in the second half of this year compared with previous years and selected 45 companies as a result of identifying promising firms early. He said the selection of 45 companies was the largest ever, and added that the bank plans to continue providing full-scale financial support to mid-sized companies on the front lines of the global economy.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406727
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Source: TECHWORLD
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