Woori Financial Supplies KRW 25.3 Trillion in Productive Finance, Achieves 116% of Annual Target

KRW 1.5 Trillion Invested, KRW 23.8 Trillion in Loans

Chairman Jongryong Lim Held the Advanced Strategic Industry Finance Council the Previous Day

Woori Financial Group has achieved 116% of its annual target for productive finance.

Jongryong Lim, Chairman of Woori Financial Group (center), is discussing productive finance achievements at the "September Advanced Strategic Industry Finance Council" held at the headquarters in Jung-gu, Seoul on the 16th. Woori Financial Group

Woori Financial Group announced on the 17th that, as of last month, it had supplied a total of KRW 25.3 trillion in the productive finance sector, including KRW 1.5 trillion in investments and KRW 23.8 trillion in loans. This performance represents 35.7% of the five-year goal for productive finance under the “Future Co-Growth Project,” and 116.3% of the annual target for this year.

In the investment sector, the group is expanding financial support tailored to each stage of corporate growth through participation in the National Growth Fund and the provision of venture capital. The “CJ 4D Flex Project Fund,” a KRW 220 billion fund identified by Woori Bank, received final approval at the National Growth Fund’s investment committee last month. Next month, the National Growth Fund will invest KRW 50 billion, and Woori Financial Group will participate with KRW 65 billion, with the fund set to be formed and executed soon.

The group is also accelerating its AI Transformation (AX) initiatives to enhance the execution of productive finance. Out of 75 AX tasks related to productive finance, 13 projects—including credit evaluation, risk management, and business support for companies—have been completed.

In addition, the plan to expand inclusive finance, announced in June, is underway. As of last month, a total of KRW 2.2 trillion was supplied, including KRW 950 billion in financial services for low-income individuals, KRW 790 billion in mid-interest loans, and KRW 430 billion in loans to small business owners.

The “7% Annual Cap on Personal Credit Loan Interest Rates” initiative by Woori Bank has provided interest reduction benefits totaling KRW 3 billion to about 75,000 customers as of the end of last month. The “Woori WON Dream Living Expense Loan,” which offers emergency living funds to financially marginalized groups such as freelancers, homemakers, and non-salaried workers, supplied KRW 55.5 billion to 7,200 people by the end of last month. Woori Financial Group plans to expand both the scope and the scale of these programs going forward.

The previous day, under the leadership of Chairman Jongryong Lim, the “September Advanced Strategic Industry Finance Council” was held, where the group decided to actively promote expanded financing and investment, particularly focusing on regional and small to mid-sized enterprises. This is aimed at further boosting the tangible results of productive finance.

Chairman Lim comprehensively reviewed the status of Woori Financial Group’s productive and inclusive finance initiatives, sharing outstanding cases from each sector. He also examined AX transformation projects related to productive finance support and discussed measures to further internalize productive finance capabilities and achieve greater support efficiency.

Chairman Lim stated, “Based on the achievements we have accumulated thus far in productive finance, it is now time to widen the scope of our support, especially to regional small and medium-sized enterprises with technological capabilities. Inclusive finance must also be promoted sincerely so that the necessary funds can reach customers in economic distress swiftly and effectively.”

This content was produced with the assistance of AI translation services.