Woori to inject 43 trillion won for Korean New Deal
Posted : 2021-03-01 16:09
Woori Financial Group headquarters in Seoul / Courtesy of Woori Financial GroupBy Park Jae-hyuk
Woori Financial Group will inject an additional 43 trillion won ($38 billion) for Korean New Deal projects and innovative financing by the end of 2025, the banking group said Monday.
The decision was made after Woori Chairman Son Tae-seung hosted a meeting of the committee in support of the Korean New Deal, Friday, to assess the group s efforts to support the government-led development strategy aimed at overcoming the COVID-19 pandemic and transforming the nation s industrial structure.
Last August, the group organized the committee comprised of representatives from its affiliates to devise medium- and long-term plans to support the project. The committee agreed in the latest meeting to accelerate its ongoing efforts.
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