Search results for DinoLab
Finance
Woori Financial opens financial town in Jeonbuk Innovation City
Woori Financial Group has opened the Jeonbuk Woori WON Financial Town in Jeonbuk Innovation City, completing the presence of the four major financial groups’ regional hubs there. The complex brings together functions spanning capital markets, corporate finance and inclusive finance, housing units from Woori Asset Management, Woori Bank and other affiliates. Woori plans to supply 1.6 trillion won in funding to local small firms and merchants by 2030.
Finance
Top 5 financial groups to supply 1 trillion won in risk capital to boost venture investment
South Korea’s Financial Services Commission and Ministry of SMEs and Startups, together with the country’s five largest financial holding groups, began a shift toward “productive finance” to support ventures and startups. The parties signed an agreement in Seoul to expand private-sector risk capital and strengthen support systems from investment and guarantees to nurturing. The five groups plan to create a private venture fund-of-funds worth 800 billion won by 2029 and provide guarantees and mentoring for early-stage startups.
Finance
Woori Financial to find and support startups outside Seoul
Woori Financial Group said it held launch events from Jan. 21 to 22 for the second DinoLab Busan cohort and the third DinoLab Gyeongnam cohort. The group said it is seeking shared growth with local economies by providing productive financing to innovative firms in Busan and South Gyeongsang. It said DinoLab has backed 219 companies through about 400 billion won in direct and indirect investment and linked more than 60 partnerships.
