By July, 4.9 trillion won in technology, IP, and movable finance and 1.7 trillion won in direct and indirect investment
[Infostock Daily=Reporter Park Hyo-Sun] Woori Financial Group (WFG) announced on the 23rd that it will hold a New Deal Financial Support Committee on the 21st and use the Korean version of the New Deal as an opportunity to find new growth engines for the group, including investment and attracting high-quality companies.
The New Deal Financial Support Committee will be chaired by Chairman Son Tae-seung and CEOs of subsidiaries will participate. The New Deal Financial Support Committee will seek various ways to participate in the major policy tasks of the New Deal by analyzing the business connections by subsidiaries, and will start full-scale financial support of 10 trillion won over five years, including loans and investment.
First of all, in the field of Digital New Deal, business conditions such as building digital infrastructure and deregulation are expected to improve rapidly, so we will push for new data projects in earnest and accelerate the non-face-to-face and digital conversion of the group business as a whole.
In the field of Green New Deal, financial support for eco-friendly and green innovation companies will be expanded, centering on the group CIB division, which has long experience and capabilities in investing in solar and offshore wind power generation.
In the second half of this year, we plan to invest more than 200 billion won in new and renewable energy and eco-friendly sectors.
In particular, it plans to strengthen support for excellent technology companies related to digital and green new deals by strengthening cooperation with specialized institutions in each field by utilizing policy finance and credit guarantee support systems, and also strengthening financial support for high-quality job creation companies to strengthen employment and social safety nets.
WFG will continue to provide financial support for the productive sector and overcome the Corona 19 crisis.
In the credit support sector, Dongsan and IP finance increased by 234 billion won from last year to exceed 200 billion won this year, and technology finance increased by 4.7 trillion won from last year.
In the investment support sector, subsidiaries and trading companies completed the creation of 100 billion won of innovative growth funds this year. As of the end of last month, indirect investment of innovative adventure fund, which is 62.5 billion won, will increase by 100 billion won from last year to 200 billion won.
Reporter Park Hyo-Sun hs1351@infostock.co.kr
