Woori Bank Launches 'Woori Export Leading Company Loan' to Ease Financial Burden on Exporters
TECHWORLD ·
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Woori Bank said it has launched a tailored financial product, the 'Woori Export Leading Company Loan,' and will pursue the expansion of productive finance.
The product is intended for export companies with a certain credit rating and export performance within the past year, and aims to support their global growth.
When export companies apply for a facility loan, the bank will support an additional limit of up to 15%, and for companies using Korea Trade Insurance Corp.'s export credit guarantee, it will provide branch-level interest rate benefits and foreign exchange and import-export-related fee benefits.
Woori Bank said it has launched a tailored financial product, the 'Woori Export Leading Company Loan,' and will pursue the expansion of productive finance. The product is intended to support the global growth of export companies.
The product is available to export companies with a certain credit rating and export performance within the past year. Its direction aligns with the government's four major innovation strategies for driving small and medium-sized enterprise exports. Woori Bank said the product will help promising export companies scale up globally and support the identification and nurturing of new exporters.
When an export company applies for a facility loan, it can receive support for an additional limit of up to 15%. For companies using Korea Trade Insurance Corp.'s export credit guarantee, the bank will provide branch-level interest rate benefits to deliver swift financial support. Along with this, it will also offer major foreign exchange and import-export-related fee benefits to ease exporters' financial burden.
To support exporters, Woori Bank announced a plan to identify high-quality export companies centered on BIZ Prime Centers, its nationwide small business-focused channel. The bank said it plans to actively discover high-quality export companies by region and strengthen financial support for exporters through collaboration with related institutions.
Park Hwa-geun, head of the Corporate Sales Strategy Department at Woori Bank, said the new product is a tailored financial offering aligned with the government's policy to foster export companies and reflects the financing needs of exporters. He added that the bank will continue to provide practical financial support, back the global growth of Korean companies and strengthen the country's export competitiveness while pushing ahead with the expansion of productive finance.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407946
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Source: TECHWORLD
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