Woori Financial Group Chairman Yim Jong-yong, right, speaks during a meeting at the group's headquarters in Seoul, Friday.
Courtesy of Woori Financial Group Woori Financial Group will expand its productive and inclusive finance programs by a combined 10 trillion won ($6.5 billion), stepping up support for strategic industries while broadening assistance for vulnerable borrowers, the company said Sunday.
The decision was made during a Friday meeting of senior executives from Woori's affiliates led by Chairman Yim Jong-yong, where participants reviewed progress under the group's productive and inclusive finance initiative, dubbed the Future Shared Growth Project.
The financial group said it will add 9.4 trillion won in productive financing and 600 billion won in inclusive finance, bringing the project's total size to 90 trillion won.
Most of the increase will be directed toward productive financing.
