Woori Bank unveils service to help small- and medium-sized companies with business succession

Woori Bank bets on SME succession as new growth pillar

Woori Bank launched Korea's first bank-sector dedicated SME succession unit, planning ₩3tr ($2B) in support and consulting for 2,500 firms over five years, as 90% of partner-company CEOs are already over 50. SME suppliers often embed critical industrial IP in manufacturing supply chains; bank-brokered succession—combining M&A, tax, and financing advisory—reduces upstream disruption risk for large manufacturers dependent on specialized vendors.