Uri PE Asset Management Conducts 50 Billion KRW Paid-in Capital Increase

[Asia Economy Reporter Song Seung-seop] Woori PE Asset Management is conducting a paid-in capital increase of 50 billion KRW. This is the first paid-in capital increase since 2011.

According to the financial sector on the 16th, following the board of directors' resolution on the paid-in capital increase agenda the previous day, Woori PE Asset Management's paid-in capital increased to a total of 80 billion KRW. This is among the top levels for private equity fund managers. This capital increase was promoted to secure growth momentum along with the group's active strategy to expand the non-bank sector.

Woori PE Asset Management is a first-generation domestic PEF (private equity fund) manager established in October 2005 by separating and incorporating Woori Bank's private equity fund team. For the purpose of expanding its business scope, it registered as a professional private equity collective investment business (general private equity collective investment business) in July 2016, and currently operates institutional private equity funds focused on corporate investment as well as general private equity funds focused on real asset investments such as infrastructure and real estate.

Kim Kyung-woo, CEO of Woori PE Asset Management, stated, "With the group's active support, we have secured capital that can further expand business opportunities," adding, "We will strengthen synergy with the group's IB organization and achieve continuous growth through active investment activities."

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