Woori Financial Group Announces Recruitment for Participants in Small Business Support Project 'Woori Neighborhood Good Store'

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group announced on the 18th that it is recruiting small business owners to participate in the 'Our Neighborhood Good Store' project, which discovers and supports small business owners who share good deeds for neighbors in need despite the prolonged impact of the novel coronavirus infection (COVID-19).

Woori Financial plans to select a total of 100 businesses based on applicants' examples of practicing good influence such as sharing, donations, and volunteer activities, and will begin supporting the project from March.

The support includes ▲up to 1 million KRW in living expenses per business ▲production of promotional image advertisements for the store and promotion through Woori Bank branches and the WON (Won) Banking app ▲product sales through entry into Woori Card’s open market ‘Wibee Market’.

Applications can be submitted through the 'Our Neighborhood Good Store' website from today until the 5th of next month. Participants will be finally selected in February after screening together with good small business owners near Woori Bank branches recommended by the branches in December last year.

Son Tae-seung, Chairman of Woori Financial Group, said, “We hope to provide some help to small business owners who, despite the difficulties of COVID-19, care for socially vulnerable groups and strive to coexist with local communities,” adding, “Furthermore, we will carry out various social contribution activities aligned with the group’s ESG (Environment, Social, Governance) management strategy to fulfill the social responsibility of finance.”

Meanwhile, Woori Financial has conducted a ‘Good Consumption Campaign’ including a prepaid meal campaign at restaurants near its headquarters and the purchase of traditional market gift certificates worth about 10 billion KRW to revitalize the local economy for small business owners struggling due to the spread of COVID-19. In addition, the ‘Good Landlord Movement,’ which was conducted for seven months from March last year, has been extended for six months from January this year, lowering rents and carrying out various social contribution activities to support small business owners.

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