Woori Financial exceeds annual productive finance target by 116% in eight months

  • Woori Financial Group exceeded its annual productive finance target within eight months.
  • 25.3 trillion won comprised 23.8 trillion won in loans and 1.5 trillion won investments.
  • Woori Financial is pursuing 75 AI Transformation initiatives, with 13 already completed.

Woori Financial Group supplied 25.3 trillion won (about $18.3 billion) in productive finance from January through August, reaching 116.3% of its annual target and 35.7% of its five-year target under the Future Partnership Growth Project. The total comprised 23.8 trillion won in loans and 1.5 trillion won in investments. Woori Investment & Securities supplied 365.1 billion won in venture capital, more than 180% of its original target, while a 220 billion won CJ 4DPlex Project Fund sourced by Woori Bank received final approval from the National Growth Fund. Woori plans to commit 65 billion won to the fund, which is scheduled to receive 50 billion won from the National Growth Fund in October. The group is pursuing 75 AI Transformation initiatives linked to productive finance, with 13 completed, covering credit review, risk management and corporate sales support. Inclusive finance reached 2.2 trillion won, while interest relief, emergency living loans and debt write-offs supported financially vulnerable customers. Woori Financial said combined long-term delinquent debt write-offs by Woori Bank and Woori Card are expected to reach 280 billion won.

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