Woori Financial Group Provides Additional 300 Million KRW Support for Wildfire Damage Recovery

Expansion of Financial Support

Woori Financial Group announced on the 28th that it will provide additional support, including a donation of 300 million KRW for wildfire damage recovery. It plans to support firefighters who were injured or died in the line of duty during wildfire suppression and their bereaved families with living expenses and tuition fees, and to launch a ‘National Donation Campaign’ to help disaster victims in the affected areas restore their daily lives.

Woori Financial Future Foundation, under Woori Financial Group, will use the additional 300 million KRW to support firefighters dedicated to wildfire suppression and protecting disaster victims through the ‘Woori(WOORI) Hero’ program, which provides living expenses and tuition fees for those injured, deceased, and their families.

Woori Bank is conducting a donation campaign through the ‘WooriWON Click Donation Box’ and is providing emergency living stabilization loans up to 20 million KRW, interest rate reductions up to 1 percentage point, payment of agreed interest upon early termination of savings and deposits, and exemption of remittance fees at branches for residents in the affected areas.

Woori Card offers affected customers up to 6 months of deferred card payment repayment, exemption of overdue interest and deletion of overdue records for payments overdue after the wildfire damage, and a 30% preferential rate on basic interest rates for card loans, credit loans, and cash services.

Woori Financial Capital defers loan principal payments for affected customers for up to 6 months and exempts overdue interest incurred after the wildfire damage. Woori Savings Bank also defers loan principal and interest repayments for affected customers for 3 months and extends loan maturities by up to 6 months.

Lim Jong-ryong, Chairman of Woori Financial Group, said, “For the residents affected by this large-scale wildfire and the firefighters dedicated to wildfire suppression, Woori Financial Group will unite all group companies to continuously seek various support measures and make every effort for damage recovery.”

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