Kwon Kwang-seok, Woori Bank President, Appointed Chairman of Woori Miso Financial Foundation
At the inauguration ceremony of the Woori Miso Finance Foundation chairman held at the Woori Bank headquarters on the 24th of this month, foundation officials are taking a commemorative photo. (From left: Choi Hong-sik, Woori Bank Personal Group Leader; Jeon Won-il, Director of Woori Miso Finance Foundation; Kwon Kwang-seok, President of Woori Bank and Chairman of Woori Miso Finance Foundation; Yoo Soo-hyun, Kim Yong-tae, Oh Kyu-hoe, Directors of Woori Miso Finance Foundation)
View original image[Asia Economy Reporter Kim Hyo-jin] Woori Smile Finance Foundation announced on the 25th that it has appointed Kwon Kwang-seok, CEO of Woori Bank, as the chairman of the foundation. Additionally, Hwang Gyu-mok, Head of the Public Relations Brand Group at Woori Bank, was appointed as the auditor of the foundation. Chairman Kwon was appointed following the board of directors meeting and general assembly held at Woori Bank's headquarters the previous day.
The Woori Smile Finance Foundation was established in December 2009 with a capital contribution of 50 billion KRW from Woori Bank and its affiliates to support livelihood stabilization funds and startup funds for low-income self-employed individuals. The foundation provides small loans without collateral or guarantees for startup and operating funds, debt adjustment for defaulters, and employment information services, thereby creating a foundation for financially marginalized groups to achieve economic independence. Currently, it operates nine branches nationwide, including Seoul (headquarters), Busan, and Gwangju, and handled loans totaling 162.1 billion KRW as of the end of last year.
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In his inaugural speech, Chairman Kwon stated, “We will fulfill the foundation’s social responsibility to help the self-reliance of low-income self-employed individuals and financially marginalized groups who have become even more vulnerable due to the COVID-19 pandemic.”
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