Finance
Woori Financial relocates microfinance hub to Changsin-dong to boost support for alleyway retail districts
Woori Financial Group is relocating its microfinance base to Changsin-dong, an area with many small merchants, to expand on-site inclusive finance. The group moved the Woori Smile Microfinance Foundation’s Seoul branch from Euljiro and held an opening ceremony. It plans to add local hubs to raise branches to 12 from 8 and launch a self-reliance programme selecting 200 stores. Woori also aims to increase annual microfinance supply to 20 billion won by 2028.