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Finance

Woori Financial supplies 34.7 trillion won in productive, inclusive finance over a year, expands SME and regional share

Woori Financial Group supplied 34.7 trillion won in productive and inclusive finance over a year under its Future Shared Growth Project launched in September last year. It expanded funding to small and medium-sized firms and regional businesses, while increasing support for vulnerable groups through measures such as long-overdue debt write-offs. The group said it reviewed performance and next year’s plans at a financial council meeting chaired by Chairman Lim Jong-ryong.

Finance

Woori Financial supplies 25.3 trillion won in productive finance, hits 116 percent of annual target

Woori Financial Group said it supplied 25.3 trillion won in productive finance through August, reaching 116.3 percent of its annual target. It plans to expand funding and investment focused on regional areas and small and mid-sized enterprises. The group reviewed progress at a Sept. 16 meeting chaired by Chairman Yim Jong-yong. It also reported 2.2 trillion won in inclusive finance through August and plans to expand debt write-offs and apply AI transformation to operations.

Finance

Productive finance plan expanded to 1,560 trillion won; FSC to prepare additional liability exemption measures

South Korea\'s government and financial sector will expand their productive finance supply plan for the next five years to 1,560 trillion won, up 310 trillion won from 1,250 trillion won. The Financial Services Commission also plans additional liability exemption measures to support more active investment and lending by financial companies. Officials discussed implementation and management steps at a meeting in Seoul led by Vice Chairman Kwon Dae-young.