Woori Bank Pledges 1 Trillion Won to Support Semiconductor and AI Ecosystems

Woori Bank is joining forces with the Korea Technology Finance Corporation (KODIT) to inject 1 trillion won (approximately $740 million) into strategic future industries, including semiconductors, physical AI, and AI data centers. The partnership, formalized through a "K-SPARK Korea's Great Leap Productive Finance Support Business Agreement," aims to bolster small and venture companies in these critical sectors.

The initiative aligns with the government's "Korea's Great Leap 3 Mega Projects" and focuses on nurturing businesses with strong technological capabilities and growth potential. KODIT will utilize funds contributed by Woori Bank to issue loan guarantees totaling 1 trillion won, thereby lowering the financial barriers for technology-focused enterprises.

Companies selected for the program will benefit from enhanced loan guarantees and a reduced guarantee fee rate, lowering it by 1.0 percentage point. This financial support is designed to ensure a stable supply of liquidity for these firms, enabling them to pursue innovation and expansion.

Woori Bank CEO Jung Jin-wan expressed his hope that this collaboration will create a significant breakthrough in funding for advanced technology companies, which are considered new growth engines for the nation. He pledged continued close cooperation with KODIT to expand productive finance and strengthen the global competitiveness of domestic companies, contributing to the nation's industrial foundation.

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I hope this cooperation will create a significant breakthrough in the funding of advanced technology companies, which are the nation's new growth engines, and we will continue to closely cooperate with KODIT to expand productive finance and strengthen the global competitiveness of domestic companies and the national industrial base.