Woori Bank said on Wednesday it signed an agreement with LIG Defense & Aerospace on productive finance support to foster the K-defence industry.

Under the agreement, Woori Bank plans to supply a total of 3 trillion won in financing over the next 5 years and expand support across advanced strategic industries, including defence.

It will inject funds across all stages of corporate growth, including facility investment, export finance, overseas project-linked finance and cooperation finance.

Woori Bank is expected to strengthen its role in supporting growth across the advanced strategic industry ecosystem beyond simple funding. Companies are expected to be able to focus on securing technological competitiveness and expanding in global markets based on stable financing.

LIG Defense & Aerospace is a company with competitiveness in defence, including precision guided weapon systems, and is expanding its presence in overseas markets based on expanding exports to the Middle East in recent years.

Woori Bank is supporting the company's mid- to long-term investment and exports through financial solutions such as foreign currency payment guarantees and arranging commercial paper issuance.

The support is part of a strategy to restructure corporate finance around advanced strategic industries such as defence, aerospace, AI and bio. Woori Bank plans to strengthen the foundation for industrial growth through financial support linked to policy direction and upgrade a financial system that supports expanded investment and exports.