Woori Bank to Invest 460 Billion Won in 35 Mid-Sized Firms Under Rising Leaders Program

Woori Bank said April 19 it has selected 35 companies for the seventh round of its “Rising Leaders 300” financing program with South Korea’s Ministry of Trade, Industry and Energy and will begin full support.
 
Rising Leaders 300 is a “productive finance” initiative designed to identify and back mid-sized companies with strong technology and growth potential. Woori Bank and the ministry have jointly run the program since 2023.
 
The seventh-round selection followed a recruitment notice issued in March, recommendations from four ministry-affiliated agencies and Woori Bank’s review. The final list includes Dr.Agg, Jahwa Electronics, Silicon2 and Powermax, among 35 firms.

Through rounds one through six, Woori Bank selected 190 companies and provided about 1.8 trillion won in support.

For the seventh round, the bank plans support totaling about 460 billion won. Selected firms will be eligible for up to 30 billion won each, with an interest-rate discount of up to 1.0 percentage point in the first year. The bank also plans to provide nonfinancial services, including export-import finance solutions and digital transformation consulting.
 
“Our goal is to provide practical financial benefits so mid-sized companies with growth potential can take the next step in global markets,” said Park Hwa-geun, a general manager in Woori Bank’s corporate sales strategy department. He said the bank will continue productive finance support to help secure future growth engines for mid-sized firms and add vitality to the economy.