Woori Bank Launches Up to 30 Billion Won Loan Program for Mid-Sized Firms

Woori Bank is partnering with the Ministry of Trade, Industry and Energy to launch the 8th cohort of its 'Rising Leaders 300' program. This initiative is designed to support mid-sized and prospective mid-sized companies possessing unique technological capabilities and strong growth potential.

The program offers substantial financial assistance, with a total loan policy of up to 30 billion won. Since its inception, the 'Rising Leaders 300' program has selected over 225 companies across seven cohorts, disbursing more than 2 trillion won in funds. This demonstrates a significant commitment to nurturing the next generation of industrial leaders.

Applications for the 8th cohort are open from July 27 to August 14. The program categorizes applicants into four streams: Global Leader Type, K-Tech Leading Type, Future Value Leading Type, and AX Leap Type. Initial document screening and recommendations will be handled by four specialized agencies under the Ministry of Trade, Industry and Energy, including KOTRA, the Korea Association of Mid-sized Enterprises, the Korea Industrial Intelligence Association, and the Korea Institute for Advancement of Technology.

Woori Bank will then conduct its own review to assess the suitability of financial support before finalizing the selection of recipient companies in early September. The initiative aims to bolster companies poised to become key players in future industries.