A view of Woori Bank headquarters in Jung-gu, Seoul./Courtesy of News1

Woori Bank will strengthen strategic cooperation with Doosan Group in future strategic industries such as energy, smart machines, semiconductors, and advanced materials.

Woori Bank said on the 5th that it signed a "financial support business agreement for building and growing the national future strategic industry ecosystem" with Doosan Group at its headquarters in Jung District, Seoul, on the 3rd. Through this agreement, the two companies plan to work closely in productive finance, including facility investment, trade finance, overseas investment, and win-win finance support for partner companies.

In particular, Woori Bank decided to enhance the speed and predictability of fund execution by pre-setting credit support limits in line with Doosan Group's mid- to long-term investment plans. Woori Bank also noted the significance that Doosan Group marks its 130th anniversary this year and Woori Bank its 127th, identifying both as "century-old corporations."

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