Woori Investment & Securities Provides 50 Billion Won in Emergency Operating Funds for Homeplus

Woori Investment & Securities, a subsidiary of Woori Financial Group, announced on the 11th that it participated with 50 billion won out of the 100 billion won in emergency operating funds (DIP financing) directly raised for Homeplus under the leadership of MBK Partners.

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This DIP financing was arranged to secure emergency operating funds for the payment of salaries to Homeplus employees and settlement of payments to partner companies, following the Seoul Bankruptcy Court's decision to extend the deadline for Homeplus’s rehabilitation plan approval. MBK Partners established a responsible funding structure for the entire 100 billion won and executed the funds, with Woori Investment & Securities participating as a financial institution in this structure.

This loan is intended to support Homeplus employees and partner companies facing difficulties, thereby fulfilling the social responsibility of financial companies and participating in the inclusive finance policy actively promoted by Woori Financial Group.

A representative from Woori Investment & Securities stated, "We decided to provide funding as quickly as possible so that Homeplus, which has been a pillar of the domestic distribution industry, can return to normal operations as soon as possible," adding, "We will continue to practice inclusive finance where it is most needed so that Woori Financial Group can be a trusted partner for the people."

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