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Finance
Woori Bank, KIBO to provide 210 billion won support to SMEs hit by Middle East conflict
Woori Bank said on Sunday it signed an agreement with the Korea Technology Finance Corp to support small and medium-sized companies facing difficulties from global instability such as the Middle East war. Woori Bank will make a special contribution of 4 billion won to KIBO and provide about 210 billion won in financial support. Eligible firms include direct exporters to the Middle East, companies hurt by disruptions to Middle East crude oil supply chains, firms with management difficulties and those recommended by Woori Bank.
Finance
Woori Bank, KODIT sign deal to support financing for high-tech, high-growth firms
Woori Bank said on March 27 it signed an agreement with the Korea Technology Finance Corp to support financing for high-growth scale-up companies. The bank said it aims to strengthen the corporate growth ladder and expand productive finance in line with the government’s policy direction. Under the agreement, Woori Bank will contribute 8 billion won and provide 310 billion won in funding, supporting firms recommended by KODIT after evaluation.
Finance
Hana Bank to support anchor firms in Busan and Yeongnam
Hana Bank said on Tuesday it signed an agreement with Busan city, the Busan Chamber of Commerce and Industry, Kibo Technology Fund and Korea Credit Guarantee Fund to support the development of anchor firms in the Busan and Yeongnam region. The bank will contribute 15.2 billion won to supply 505.6 billion won in liquidity and subsidise guarantee fees on part of the support for 2 years. Busan will also offer interest subsidies for working capital loans.
