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 signed a 'K-SPARK Korea Leap Forward Productive Finance Support Agreement' with the Technology Guarantee Fund to expand productive finance and foster future strategic industries.
'K-SPARK' is a joint financial support system established by Woori Bank and the Technology Guarantee Fund. It aims to enhance financial support 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 rates and a 1.0 percentage point reduction in guarantee fees will be provided.
Woori Bank CEO Jeong Jin-wan 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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