Woori Financial Group Accelerates Support for New Deal Finance... Launches Public Participation Policy Fund

Group's Own 'Urisemateu New Deal 30 Target Conversion Securities Investment Trust No. 2' Also on Sale

[Asia Economy Reporter Kwangho Lee] Woori Financial Group announced on the 28th that it will launch the 국민참여정책형 New Deal Fund and the group's own New Deal public offering fund, 'Woori Smart New Deal 30 Target Convertible Securities Investment Trust No. 2,' on the 29th.

The 국민참여정책형 New Deal Fund is a private placement fund that mainly invests in equity and mezzanine securities issued by companies in the New Deal sector.

With government fiscal funds and private asset managers subordinately investing 21.5% to protect fund investors from losses, the fund will be sold through Woori Bank branches starting on the 29th.

Additionally, through Woori Asset Management, a subsidiary of Woori Financial Group, the Woori Smart New Deal 30 Target Convertible Securities Investment Trust No. 2 will be launched.

The Woori Smart New Deal 30 Target Convertible Securities Investment Trust No. 2 is a New Deal-related public offering fund that invests in growth companies and public stocks, and will convert into a bond-type fund upon achieving a 5% target return.

Previously, Woori Financial Group launched the Woori Smart New Deal Fund and the Woori Smart New Deal 30 Target Convertible Securities Investment Trust No. 1, both New Deal-related funds, in November last year and January this year, respectively.

Woori Global Asset Management also established a 200 billion KRW New Deal Infrastructure Fund in November last year, investing in New Deal-related smart logistics facilities, and plans to additionally establish a 100 billion KRW Green New Deal Fund in the second quarter.

A Woori Financial Group official stated, "Woori Financial Group is actively supporting the Korean New Deal to strengthen the future growth engine of the national economy," adding, "The group will also lead New Deal finance by discovering new business opportunities and expanding new customers."

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