Woori Bank signs a three-party agreement with the Medical Device Industry Association and KOTEC
Quick Look
- Woori Bank signed a financial support agreement with the Korea Medical Device Industry Association and the Korea Technology Finance Corporation to expand the social value of the medical device industry.
- We plan to alleviate the burden of financial costs by providing medical device companies with excellent technology with increased guarantee rates and reduced guarantee rates, and link it with the existing AtoF future strategic industry development program.
AI-generated summary
Why It Matters
Woori Bank is operating the AtoF Future Strategic Industry Development Productive Financial Support Agreement Guarantee with the Technology Guarantee Fund, which is a program that focuses on supporting the six major growth engines selected by the government (artificial intelligence, bio, content and culture, defense, energy, and advanced manufacturing).
Signed a three-party agreement with the Medical Device Industry Association and KOTEC
(Seoul = Yonhap News) Reporter Ji-Hoon Han = Woori Bank announced on the 15th that it signed a 'financial support business agreement to spread the social value of the medical device industry' with the Korea Medical Device Industry Association and the Korea Technology Finance Corporation.
This is an agreement to alleviate the actual financial cost burden on medical device companies by providing benefits such as increased guarantee rates or reduced guarantee rates to medical device companies with excellent technology.
Woori Bank plans to link this agreement with the 'AtoF Future Strategic Industry Development Productive Financial Support Agreement Guarantee' operated by the Korea Technology Finance Corporation.
The existing agreement guarantee is a program that focuses on supporting the six major growth engines (artificial intelligence, bio, content and culture, defense industry, energy, and advanced manufacturing) selected by the government to leap forward as a nation with high-tech industries.
Bae Yeon-soo, head of the corporate group, said, "We will expand financial support to help medical device companies with technological capabilities and growth potential achieve stable growth and contribute to strengthening the global competitiveness of the medical device industry."
What to Watch
AI outlook — possibilities, not facts
Expansion of financial support for the medical device industry will lead to increased investment in research and development by medical device companies.
Likely · Within months
Open Questions
- What is the specific amount of financial support expected from this agreement?
- What is the specific ratio of guarantee rate increase and guarantee rate reduction?
- What are the selection criteria and procedures for financial support for medical device companies?
