Woori Finance to support an additional KRW 43 trillion in Korean New Deal by 2025

[서울=뉴스핌] Reporter Park Mi-ri = Woori Financial Group announced on the 1st that it will provide an additional 43 trillion won to the Korean version of the New Deal by 2025.

On the 26th of last month, Woori Financial Group held the’New Deal Financial Support Committee’ under the supervision of Chairman Tae-Seung Son, to check the status of support for New Deal Finance and Innovation Finance. In August of last year, Woori Finance expanded and reorganized the’New Deal Financial Support Committee’ in which all group companies participate in order to lead the’Korean version of the New Deal’ and established mid- to long-term support plans for New Deal and Innovative Finance.

Woori Financial Group Chairman Son Tae-seung is ordering the executives and staffs of group companies to “come on a new day like the first day” to celebrate the new year.[사진=우리금융]

As a result, Woori Finance achieved 140% of its annual targets for New Deal and Innovation Finance last year, providing 8 trillion won in loans and 800 billion won in investment.

Starting with this, it plans to further expand support for the Korean version of the New Deal. First of all, a total of 40 trillion won in loans will be additionally provided, such as an early support of 1 trillion won through a special contribution by a policy guarantee agency for loan support in the productive sector. It is planning to expand loan support to companies related to digital and green new deals as well as manufacturing and service companies related to regional new deals.

This year, all group companies participate in the investment sector to create their own New Deal Fund and participate in early investment in the New Deal Fund. Based on the experience of establishing the New Deal Infrastructure Fund for the first time in the private financial sector, it plans to create a new Green New Deal Fund of 100 billion won in the first half, and invest a total of 3 trillion won, such as investing 1.3 trillion won in an eco-friendly New Deal Infrastructure Fund.

Chairman Tae-Seung Son said, “We will lead the Korean version of the New Deal and discover promising new Deal businesses and support them with emphasis.” “Please use it as” he asked.

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