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Woori Financial Group disclosed on the 11th that it will create the ‘Woori National Growth Matching Fund,’ valued at 200 billion South Korean won, making it the first initiative in the financial industry to aid the successful establishment of the National Growth Fund. This year, the National Growth Fund seeks to gather 7 trillion South Korean won in indirect investment funds. Out of this sum, 5.5 trillion South Korean won is expected to be collected via private financial sources.

Previously, Woori Financial Group pledged to take part in the National Growth Fund’s private financial contributions, committing a total of 10 trillion South Korean won over five years. This year, the group intends to invest roughly 400 billion South Korean won into sub-funds, and as an initial move, actively set up the 200 billion South Korean won Woori National Growth Matching Fund.

The Woori National Growth Matching Fund is entirely supported by Woori Financial Group subsidiaries, such as Woori Bank, Woori Financial Capital, and Woori Investment Securities, without seeking financial backing from outside sources. It aims to provide capital for emerging strategic sectors including overall industrial support, growth programs, and long-term technological advancements.

Park Hye-bin, who leads the Productive Finance Investment Division at Woori Bank, stated, “The Woori National Growth Matching Fund is important as the financial industry’s initial effort to prepare for the government-backed National Growth Fund to effectively enter the market. In addition to providing capital, Woori Financial Group will serve as a driver to draw in private investment and stand as a reliable partner in advancing South Korea’s future key industries.”

Last year, Woori Financial Group introduced the ‘Future Co-Growth Project’ and created the Productive Finance Investment Division under the IB Group. This year, the company intends to concentrate a total of 3.4 trillion South Korean won on productive finance, which includes 2 trillion South Korean won for the National Growth Fund and 1.4 trillion South Korean won from internal group investments.

Woori Financial Group is currently seeking 7 trillion South Korean won in internal investments, including the 200 billion South Korean won ‘Woori Future Co-Growth Advanced Strategy Fund,’ the first collaborative investment fund launched by the group in December of last year. The company is in the process of identifying investment areas aligned with the government’s 10 advanced strategic industries and remains actively involved in providing support.

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