Park Yoon-kyu (left), President of the National IT Industry Promotion Agency, Jeong Jin-wan, CEO of Woori Bank, and Choi Won-mok, Chairman of the Korea Credit Guarantee Fund, pose for a commemorative photo together. ⓒWoori Bank
[Dailyan = Reporter Jeong Ji-soo] Woori Bank announced on the 17th that it signed a “Productive Financial Support Agreement for Activating the AI Industry Ecosystem” with the National IT Industry Promotion Agency (NIPA) and the Korea Credit Guarantee Fund.
The signing ceremony was held at the Woori Bank headquarters with key officials from three institutions in attendance, including Jeong Jin-wan, CEO of Woori Bank, Park Yoon-kyu, President of the National IT Industry Promotion Agency, and Choi Won-mok, Chairman of the Korea Credit Guarantee Fund.
Under the agreement, Woori Bank will establish a special fund with the Korea Credit Guarantee Fund to provide productive financing totaling 230 billion won to promising AI companies.
In particular, Woori Bank plans to actively promote tailor-made financial services centered on the field through its corporate finance dedicated organization, BIZ Prime Center, which includes ▲ financing, ▲ asset management, and ▲ consulting.
To facilitate this, the National IT Industry Promotion Agency, a public institution under the Ministry of Science and ICT, will introduce AI companies with excellent ICT capabilities to Woori Bank and share government support projects.
The Korea Credit Guarantee Fund will also enhance financial accessibility for AI companies through guarantee support, such as increasing guarantee ratios and reducing guarantee fees.
Woori Financial Group has already launched credit products aligned with its productive and inclusive financial support plans, striving to foster “advanced industries” and “main industries” even in non-metropolitan areas through productive financial support.
Jeong Jin-wan, CEO of Woori Bank, stated, “In line with the government’s advanced strategic industry support policy and Woori Financial Group’s shift towards productive finance, we have pursued a multilateral agreement,” adding, “We hope this collaboration will provide practical help to SMEs and small business owners struggling with liquidity.”