Woori Financial Group has announced a plan to invest a total of 80 trillion won over the next five years to transition to productive finance and expand inclusive finance. As part of this initiative, Woori Financial will be the first private entity to participate in the government’s National Growth Fund with a plan to invest 10 trillion won, demonstrating a commitment to public-private cooperation for economic recovery.
On September 29, Chairman Lim Jong-ryong hosted a joint CEO briefing on the “Woori Financial Group’s Future Mutual Growth Project,” detailing plans to support productive finance with 73 trillion won and inclusive finance with 7 trillion won.
Woori Financial emphasized that the project is driven by an urgent need not to miss the golden opportunity for economic recovery and growth. The company aims to fulfill the inherent responsibilities of productive and inclusive finance and is committed to executing the project immediately.
The briefing was attended by key executives, including CEOs of Woori Financial’s subsidiaries, all expressing their commitment to the project.
In the new era of transition, Woori Financial recognizes the need to create a turning point towards a new era by actively fostering advanced strategic industries as part of its transition to productive finance. The project targets enhancing corporate growth potential and national competitiveness, in line with Woori Financial’s role as a leader in corporate finance and its commitment to social responsibility.
From 2025 to 2030, the group plans to allocate 80 trillion won to productive finance (73 trillion won) and inclusive finance (7 trillion won). The productive finance segment includes 10 trillion won for the National Growth Fund, 7 trillion won for group investments, and 56 trillion won for loans.
The group investment of 7 trillion won will be directed through three main avenues: a common investment fund (1 trillion won), a venture capital fund focused on securities (1 trillion won), and a productive finance fund managed by asset management affiliates (5 trillion won).
The funding will be used to invest in various areas including AI, biotechnology, and defense, among other advanced and strategic industries. Woori Investment & Securities plans to supply 1 trillion won in venture capital over five years to high-tech strategic industry companies, supporting them throughout their growth stages.
Additionally, 56 trillion won in loans is allocated for several initiatives including the K-Tech program (19 trillion won), regional advanced strategic industry cultivation (16 trillion won), innovative venture company support (11 trillion won), and support for key national industry export companies (7 trillion won).
Inclusive finance plans to support SMEs and vulnerable groups with 7 trillion won through expanded coexistence financing, credit loan funds, and government-linked projects like bad bank support. Woori Financial aims to aid 55,000 microbusiness owners and vulnerable individuals annually over the next five years.
Furthermore, Woori Financial is strengthening consumer protection by establishing a consumer protection division directly under the Chairman, securing a two-year term for the Consumer Protection Executive, and enhancing consumer protection governance. The newly established “Fraud Prevention Department” within the bank will focus on preemptively addressing financial fraud such as voice phishing.