Woori Bank Helps Expand K-Medical Device Territory Through Productive Finance
TECHWORLD ·
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Woori Bank said on the 14th that it had signed a financial support business agreement with the Korea Medical Devices Industry Association and the Korea Technology Finance Corporation to expand the social value of the medical device industry. The agreement is aimed at identifying medical device companies with strong technological capabilities and providing financial support. The companies will receive higher guarantee ratios or reduced guarantee fees, and Woori Bank plans to advance the support in connection with the 'AtoF Future Strategic Industry Promotion Productive Financial Support Agreement Guarantee,' which it operates with the Korea Technology Finance Corporation.
Woori Bank said on the 14th that it had signed a financial support business agreement with the Korea Medical Devices Industry Association and the Korea Technology Finance Corporation to expand the social value of the medical device industry. The bank said the agreement is aimed at identifying medical device companies with strong technological capabilities and providing financial support.
Under the agreement, the companies will receive higher guarantee ratios or reduced guarantee fees. Woori Bank said it expects the arrangement to ease the actual financial burden on medical device companies.
Woori Bank plans to advance the support in connection with the 'AtoF Future Strategic Industry Promotion Productive Financial Support Agreement Guarantee,' which it operates with the Korea Technology Finance Corporation. The 'AtoF Future Strategic Industry Promotion Productive Financial Support Agreement Guarantee' is a key support program for six growth engines.
The six growth engines are AI, bio, content and culture, defense, energy, and advanced manufacturing. Woori Bank said it plans to strengthen the continuity of financial support by linking assistance for medical device companies with its existing operating programs.
Bae Yeon-su, head of Woori Bank's Corporate Group, said the medical device industry is a core industry that drives public health improvement and the nation's future growth. He added that, with this agreement as a starting point, the bank plans to expand financial support to help medical device companies with technological capabilities and growth potential achieve stable growth and strengthen the industry's global competitiveness.
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Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406940
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Source: TECHWORLD
View originalThis article was summarized and organized by BizCrush based on the original article from TECHWORLD. For exact quotations and full details, please refer to the original article.