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Woori Bank to expand financial support for medical device firms with preferential guarantee terms

Woori Bank will expand financial support for medical device companies through cooperation with the Korea Medical Devices Industry Association and the Kibo Technology Fund. The bank said it signed an agreement on Sept. 14 to support the sector’s social value expansion. Eligible companies will receive preferential terms such as higher guarantee ratios and reduced guarantee fee rates to lower financing costs. The initiative will be linked to an existing strategic-industry guarantee program.