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Finance
Woori Financial Group to expand productive and inclusive finance by 10 trillion won
Woori Financial Group will increase its support for productive and inclusive finance by 10 trillion won, expanding funding for advanced strategic industries, exporters and other parts of the real economy. It will also strengthen support for vulnerable groups by writing off long-overdue debts and supplying mid-interest loans. The group plans to raise the target of its Future Shared Growth Project to 90 trillion won and provide 3.5 trillion won in inclusive finance within the year.
Finance
Woori Financial steps up support for youth, middle-to-low credit borrowers with inclusive finance platform launch
Woori Financial Group is expanding financial support for young people and middle-to-low credit borrowers by increasing the supply of policy loans and rolling out new products. It reviewed inclusive finance results and future tasks at a May meeting in Seoul. Woori Bank supplied 218.6 billion won in Saehopeum Holssi loans in the first quarter and provided interest relief and waivers. The group plans to launch a loan-switching product and an inclusive finance platform, while widening regional microfinance support.
Finance
Woori Financial steps up productive, inclusive finance, chair vows not to miss \'golden time\'
Woori Financial Group held an April council meeting on financing for advanced strategic industries, chaired by Chairman Lim Jong-ryong (임종룡), to review first-quarter results and second-quarter tasks for its 80 trillion won Future Shared Growth Project. Participants agreed to speed up productive finance amid rising external uncertainty. The group also outlined inclusive finance measures, including loan rate caps and interest relief, and plans to complete a groupwide platform in May.