Woori Bank and KIBO to provide 1 trillion won for strategic industries

Woori Bank and the Korea Technology Finance Corporation (KIBO) have signed a business agreement titled ‘K-SPARK’ to provide approximately 1 trillion won in loans to support strategic future industries.

The financial support targets sectors including semiconductors, Physical AI, and AI data centers. To facilitate this, Woori Bank will provide special contributions and guarantee fee support to KIBO, which will then assist small and medium-sized enterprises (SMEs) and venture companies with high growth potential.

Beneficiary companies will receive practical financial advantages, such as increased guarantee ratios and a 1.0 percentage point reduction in guarantee fees, aimed at lowering the barriers to capital procurement and fostering national industrial competitiveness.