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Finance

iM Bank unveils \'inter-Maum\' inclusive finance brand, vows to boost bank\'s public role

iM Bank on May 11 unveiled its inclusive finance brand, \'inter-Maum\', created using letters from the bank\'s name and meant to link \"between hearts\". The bank plans measures including rate reductions for vulnerable groups, new product launches, debt restructuring and social contribution activities. It will use the brand for related activities, communications, advertising and social contribution. It also plans to provide 7.5 trillion won in financial support over five years.

Finance

Woori Financial joins government-led fund to support first-generation new town redevelopment

Woori Financial Group said on Wednesday that Woori Bank and Woori Asset Management will join the government-led Future City Fund as key partners to support redevelopment projects in first-generation new towns. The fund was created to meet redevelopment demand for about 530,000 households in Bundang, Ilsan, Pyeongchon, Sanbon and Jungdong. Woori Bank will invest 480 billion won in the first 600 billion won master fund and supply low-interest initial project financing.

People

Global K-Culture Economy Forum launches to support content and cultural finance

The Global K-Culture Economy Forum (GKCEF), a cooperation platform bringing together public and private experts from culture, arts and finance, launched on Tuesday. The forum aims to develop investment policies and systems to foster the K-content and platform industries and to revitalise cultural finance. Kim Jeong-seop was appointed as its inaugural chair, while executives from Ione Asset Management and IBK Industrial Bank lead its executive committee.