Son Tae-seung, Chairman of Woori Financial Group, "Actively Participating in the Korean New Deal"... Launching 10 Trillion Won Financial Support

Woori Financial Group Accelerates New Deal Financial Support
"Quickly Advancing What Is Possible"

Son Tae-seung, Chairman of Woori Financial Group

[Asia Economy Reporter Kim Hyo-jin] Sohn Tae-seung, Chairman of Woori Financial Group, attended the 1st "Korean New Deal" strategy meeting held at the Blue House on the morning of the 3rd, presided over by President Moon Jae-in, and subsequently ordered all group companies to actively support related financial policies.

According to Woori Financial, Chairman Sohn stated, "'Korean New Deal' is a roadmap leading South Korea's new future, and in the process of actively supporting it, the group can also discover new growth engines," urging this approach.

Chairman Sohn also instructed the group to quickly promote support measures prepared for major projects such as the Digital New Deal, Green New Deal, and strengthening safety nets, starting with projects that can commence early within the year to underpin the success of the Korean New Deal.

Accordingly, Woori Financial will launch a non-face-to-face ultra-simple credit loan for small business owners in collaboration with Dino Lab, a startup nurturing company under the group's startup fostering program, in October.

Additionally, to respond to trends among small and medium-sized enterprises and small business owners, Woori Financial plans to expand customized credit support through the use of policy funds and contributions to guarantee institutions, and to promote support in non-financial sectors by facilitating entry into 'Wibee Market,' an online mall operated by Woori Card, and providing location and competition analysis using card sales big data to strengthen online sales capabilities.

Woori Financial will also expand green finance support linked with policy finance, guarantee institutions, and local governments to foster the renewable energy industrial ecosystem and will launch specialized products.

Furthermore, the group will lead financial arrangements in the solar power and offshore wind power sectors, actively participate in projects such as eco-friendly sewage treatment facilities and clean energy centers, and promote financial support for related companies to back the growth of the green mobility market. The group plans to gradually increase investment scale in New Deal investment funds, focusing on the group's innovation growth fund.

Woori Financial will also activate special fixed deposit sales and preferential loan interest rates for small and medium-sized enterprises creating good jobs, along with debt restructuring programs to support the recovery of small business owners.

A Woori Financial official explained, "In August, we held a 'New Deal Financial Support Committee' meeting and decided to provide a total of 10 trillion won in financial support over the next five years for the Korean New Deal projects," adding, "In addition to financial support, we will strengthen eco-friendly green management within the group by minimizing physical waste, expanding the use of eco-friendly products, and enhancing climate change risk management in credit and investment."

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