Woori Bank is set to expand financial support for medical device companies with strong technological capabilities and growth potential.
On September 14, Woori Bank announced that it had signed a financial support agreement with the Korea Medical Device Industry Association and the Technology Guarantee Fund to promote the social value of the medical device industry.
The agreement is expected to provide benefits such as increased guarantee ratios or reduced guarantee fees, thereby alleviating the financial burdens faced by medical device companies.
Woori Bank plans to link this agreement with the 'AtoF Future Strategy Industry Development Productive Financial Support Agreement Guarantee' it operates with the Technology Guarantee Fund. The AtoF agreement focuses on supporting six key growth engines identified by the government for advancing the high-tech industry: artificial intelligence (AI), biotechnology, content and culture, defense, energy, and advanced manufacturing.
Woori Bank aims to go beyond merely providing funds by identifying and supporting medical device companies with technological prowess and growth potential. The bank also plans to enhance its financial role in securing technological competitiveness in the medical device industry and facilitating entry into global markets.
Baek Yeon-soo, head of Woori Bank's corporate group, stated, "The medical device industry is a key sector that drives public health improvement and the nation's future growth. Through this agreement, we will expand financial support to help stabilize the growth of medical device companies with technological capabilities and contribute to enhancing the global competitiveness of the medical device industry."
* This article has been translated by AI.
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