Woori Bank is partnering with the Technology Guarantee Fund to provide 1 trillion won in financial support for future strategic industries, including semiconductors, physical artificial intelligence (AI), and AI data centers.
On August 25, Woori Bank announced that it had signed a memorandum of understanding for the 'K-SPARK Korea Leap Forward Productive Finance Support' with the Technology Guarantee Fund.
'K-SPARK' is a joint financial support system established by Woori Bank and the Technology Guarantee Fund to expand financial assistance for advanced industries such as semiconductors, physical AI, and AI data centers.
Under the agreement, Woori Bank will provide special contributions and guarantee fee support to the Technology Guarantee Fund, which will then offer loans totaling 1 trillion won to small and venture companies with technological capabilities and growth potential. Additionally, to alleviate the financial burden on these companies, benefits such as increased guarantee ratios and a 1.0 percentage point reduction in guarantee fees will be provided.
Jung Jin-wan, President of Woori Bank, stated, "I hope this agreement will provide practical assistance in financing companies related to semiconductors, physical AI, and AI data centers. We will continue to actively contribute to enhancing the global competitiveness of our companies and the national industrial competitiveness."
* This article has been translated by AI.
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