Woori Financial Group Selected for Ministry's "K-New Deal Academy"... Nurturing Financial AI Talent
Woori Financial Group has been selected by the Ministry of Employment and Labor as an operator of the "K-New Deal Academy" and will provide practical training in finance and artificial intelligence (AI) to unemployed young people. Eight Woori Financial Group affiliates will jointly operate a training program totaling 600 hours, and self-supporting youths will receive scholarships of up to 1 million won per month.
On June 17, Woori Financial Group announced that it has been officially chosen as an operator of the "K-New Deal Academy," part of the "Youth-Friendly Corporate ESG Support Project" led by the Ministry of Employment and Labor, and will launch the "Woori WON Youth IT Academy" in August.
The eight participating affiliates include Woori Financial Holdings, Woori Bank, Woori Investment & Securities, Tongyang Life Insurance, ABL Life Insurance, Woori Card, Woori FIS, and Woori Financial Future Foundation. By leveraging the group’s infrastructure, Woori Financial Group plans to provide job-focused vocational training and mentoring from current employees to unemployed youth, thereby supporting the government’s youth employment policy.
The program consists of an intensive course totaling 600 hours: 416 hours dedicated to developing digital job competencies and 184 hours to understanding the overall financial industry. It also features new components such as the "AX (AI Transformation) Hackathon" and the "Finance AX Insight" program, which reflect the latest IT trends. Trainees will carry out real-world projects using AI technology to solve problems encountered in the financial sector. The curriculum goes beyond theoretical learning, aiming to enhance trainees’ ability to solve problems in real work scenarios based on an understanding of financial data and digital services.
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Support for socially disadvantaged youth has also been strengthened. All trainees will receive a government stipend of 300,000 won, while self-supporting youth selected by the Woori Financial Future Foundation will receive an additional 700,000 won per month. As a result, self-supporting youth can receive scholarships of up to 1 million won per month.
In the selection process, additional points will be given to long-term unemployed youth and those from socially disadvantaged groups. The intent is to expand educational opportunities for young people in vulnerable employment situations and provide practical support for their independence. A Woori Financial Group official stated, "This academy will provide professional IT education for youth and an opportunity for the group to secure future talent. We will offer full support to help young people become financial AI experts, going beyond simple knowledge delivery."
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