Woori Financial Group-Nambu Power, Business Agreement for 'Green New Deal' Project Discovery and Financial Support

Woori Financial Group signed a business partnership agreement with Korea South-East Power Co., Ltd. at the Woori Bank headquarters on the 13th. Taesung Son (second from the left), Chairman of Woori Financial Group; Jeongsik Shin (third from the left), President of Korea South-East Power; Kwangseok Kwon (first from the left), President of Woori Bank; and Giin Song (fourth from the left), Director of Korea South-East Power, are posing for a commemorative photo.

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group announced on the 15th that it has signed a Memorandum of Understanding (MOU) with Korea South-East Power Co., Ltd. for 'Discovering Green New Deal-related Projects and Financial Support.'

The signing ceremony held on the 13th at the Woori Bank headquarters was attended by Sohn Tae-seung, Chairman of Woori Financial Group; Shin Jeong-sik, President of Korea South-East Power; Kwon Kwang-seok, CEO of Woori Bank; and Song Gi-in, Director of Korea South-East Power.

Woori Financial and Korea South-East Power have been cooperating in renewable energy sectors such as wind power, biomass, and new energy business areas.

Through this agreement, Woori Financial plans to expand the scope of cooperation and strengthen comprehensive financial support for the successful execution of Green New Deal projects promoted by Korea South-East Power, including solar power, hydrogen, and fuel cells.

First, Woori Financial and Korea South-East Power will form a working-level consultative body to expedite the Green New Deal projects and discover public-based national participation business models across all renewable energy sectors.

Woori Financial will provide comprehensive financial support, including financial advisory services, for the discovered business models and will concretize tasks by sector to actively promote the projects.

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