[DigitalToday reporter Ji-young Lee] Woori Bank will provide financial support to small and mid-sized companies pursuing greenhouse gas reductions.

Woori Bank said on June 26 it signed a business agreement on June 25 with the Korea Technology Finance Corp and NH NongHyup Bank for an agreement guarantee for interest-subsidy support under green policy finance.

Under the agreement, KODIT will issue credit guarantee certificates based on carbon value assessments, greenhouse gas reduction assessments, assessments of suitability with the Korean green taxonomy and the results of guarantee screening.

Woori Bank will support small and mid-sized companies pursuing greenhouse gas reduction projects if they are confirmed to have a certain level of reduction effect and suitability with the Korean green taxonomy.

Eligible companies can receive differentiated interest support and preferential interest rates depending on company size and greenhouse gas reduction rates.

Support for guarantee fees will also be provided through the agreement guarantee certificate. The bank said it aims to reduce the financial cost burden for companies transitioning to green operations and support efforts to promote environmentally friendly investment.

Yeon-su Bae (배연수), head of Woori Bank's corporate group, said he hopes the agreement will help improve access to finance for small and mid-sized companies pursuing a green transition amid stronger global environmental regulations and the spread of ESG management.