South Korea Government Partners Woori Bank to Support 45 Mid-Sized Firms with KRW548 Billion in Loans
South Korea's Ministry of Trade, Industry and Energy and Woori Bank have selected 45 mid-sized companies for the second-half Rising Leaders 300 loan program, providing a total of 548 billion won in financial support.The number of supported companies increased from 35 in the first half to 45, while the loan scale rose from 466 billion won to 548 billion won, according to the ministry's statement on Wednesday.Selected companies include Kolmar (KRX:024720), Lion Chemtech (KOSDAQ:A171120), and Stats ChipPAC Korea, chosen through recommendations from specialized institutions in export, technology, ESG, and AI transformation.Each company is eligible for loans of up to 30 billion won and interest rate discounts of up to 1.0 percentage point, along with customized non-financial consulting services.Minister Kim Jeong-kwan noted that mid-sized firms, though just 1.5% of all companies, account for 17.9% of Korea's exports, underscoring their critical role in the economy.
