Woori Financial Group will provide financial support for a Pohang artificial intelligence data centre project with a total cost of 600 billion won. It signed a project financing agreement for the Pohang AI Factory data centre to be built in Gwangmyeong General Industrial Complex in Pohang. The project will build a 40 MW power-capacity facility with 32 MW of IT load and aims for completion by end-2027. Funding includes 150 billion won in equity and 450 billion won in PF loans.

South Korea\'s four major financial holding groups - KB, Shinhan, Hana and Woori - will each donate 500 million won to support recovery from heavy rain damage in parts of South Gyeongsang province including Geoje and Tongyeong. The groups are also rolling out financial support through affiliates, including emergency living funds, loans for small businesses and SMEs, deferrals of card payments and insurance premiums, and interest rate concessions.