Woori Financial Group Sets Up the Financial Sector's First 'Infrastructure New Deal Fund'

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group announced on the 25th that it has signed an investment agreement for the New Deal Fund 'Woori Global Infrastructure New Deal Fund No. 1,' the first in the financial sector to invest in social infrastructure and infrastructure projects.

Woori Financial set the fund at a scale of 200 billion KRW through collaboration among its affiliates, with Woori Bank and Woori Comprehensive Financial participating as investors. Woori Global Asset Management will manage the fund, and Woori Fund Service will handle general administrative duties.

Unlike existing New Deal Funds that invest in renewable energy, stocks, and indexes, this fund targets domestic smart logistics facilities, eco-friendly infrastructure facilities, and smart transportation facilities. By strictly adhering to investment guidelines, the fund prioritizes operational stability and plans to secure profitability simultaneously through a diverse portfolio strategy, Woori Financial explained.

The fund was established on the 18th, and on the 24th, a smart logistics center located in Hwaseong-si, Gyeonggi-do was selected as the first investment target. Starting with this, Woori Bank will continue to invest in high-quality infrastructure assets, including brokerage projects it manages. If the fund's initial capital is exhausted early, a series of infrastructure New Deal Funds aligned with the New Deal policy direction will be continuously launched.

A Woori Financial official stated, "Woori Financial Group established the infrastructure New Deal Fund for the first time in the financial sector to respond to the structural transformation such as overcoming COVID-19, accelerating the digital economy, and transitioning to an eco-friendly economy." He added, "We will actively participate in the government's Korean New Deal policy and provide proactive financial support for related projects going forward."

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