Search results for Woori Smile Microfinance Foundation
Finance
Financial sector \'digital risks\' rise, putting IT controls to the test
As financial companies expand use of AI, South Korean regulators are sharpening oversight of security and internal controls. The Financial Services Commission plans to exempt sanctions for minor system disruptions during AI security tests or emergency patches if conditions are met, while requiring swift recovery and consumer protection. The Financial Supervisory Service will intensively inspect IT basic controls in the second half and urged banks to build AI internal-control systems. A Woori Bank data leak and broader market and industry moves have also highlighted digital risks.
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.
Fintech
Woori Bank and Korea Institute of Finance launch \'Recognized Store\' project for micro self-employed
Woori Bank is launching a \'Recognized Store\' project with the Korea Institute of Finance to support micro self-employed business owners by strengthening store competitiveness. The programme will identify business owners with growth potential and provide promotion, consulting and customer-participation events to revitalise stores. It will select 20 eligible owners and offer certification plaques, stickers, marketing support and tailored consulting, including mentorship links with Good Influence Store members.
