Woori Financial Future Foundation Granted Corporate Establishment Approval... "Support for Marginalized and Vulnerable Groups"

On June 17th, the inaugural general meeting of the 'Woori Financial Future Foundation' was held at the Woori Financial Group headquarters in Jung-gu, Seoul. Photo by Woori Financial

[Asia Economy Reporter Song Seung-seop] Woori Financial Group announced on the 4th that its subsidiary, Woori Financial Future Foundation, has received a corporate establishment permit from the Seoul Metropolitan Government.

The Woori Financial Future Foundation is a non-profit corporation established with a contribution of 20 billion KRW from 15 affiliates within the group, including Woori Bank. This is to lay the foundation for sustainable growth and to participate in the group's ESG (Environmental, Social, and Governance) management.

The foundation plans to implement welfare policies for marginalized groups and people with disabilities who are struggling due to COVID-19. It will also carry out livelihood support for low-income small business owners and commercial district recovery projects, as well as promote medical expense support programs for vulnerable groups.

Son Tae-seung, Chairman of Woori Financial Group, stated, “Based on the three pillars of Woori Financial Future Foundation, Woori Multicultural Scholarship Foundation, and social contribution organizations of each group company, we will be able to expand sincere social contribution activities by creating mutual synergy.”

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