The Woori Financial Group announced on the 8th that it will provide 10.2 trillion won in support for export and import companies and partners ahead of the U.S. government's mutual tariff imposition.
Woori Financial is currently operating 2.3 trillion won in financial support for export and import companies and partners. The support methods include preferential guarantees for export companies linked to the Credit Guarantee Fund and the Technology Guarantee Fund, and the strengthening of mutual loans for partners. Long-term partitioning repayment programs are also in operation to assist small business owners affected by mutual tariffs by adjusting their debts or helping businesses that have closed.
In addition, Woori Financial will implement an additional program worth 7.3 trillion won. Companies that have suffered due to mutual tariffs can reduce their loan interest rates and also receive preferential foreign exchange fee benefits.
Bae Yeon-su, head of the corporate group at Woori Bank, noted, "We will select corporations with a significant export proportion to the U.S. among the industries severely affected by tariffs, such as automobiles, steel, and semiconductors, as our top support Daesang," adding, "We will operate various methods such as additional loans, extension of periods without principal repayment, and preferential interest rates."