Woori Financial Group has established a financial hub in Jeonbuk Innovation City, consolidating asset management, corporate finance, and startup support to foster a regional financial ecosystem.
On July 29, Woori Financial announced the opening of the 'Jeonbuk Woori WON Financial Town.' The event was attended by Lee Won-taek, Governor of Jeonbuk Special Self-Governing Province; Kim Sung-joo, Chairman of the National Pension Service; Jo Ji-hoon, Mayor of Jeonju; and Lim Jong-ryong, Chairman of Woori Financial Group.
The Jeonbuk Woori WON Financial Town will house Woori Bank, Woori Asset Management, and the Woori Smile Finance Foundation, aiming to create a regional financial center that encompasses capital markets, fund management, and productive and inclusive finance.
The initiative will also enhance support systems for productive finance and the discovery and nurturing of innovative startups.
Woori Bank plans to establish a specialized corporate finance channel, the 'NPS Jeonbuk BIZ Prime Center,' to focus on supporting companies in advanced strategic industries in the Jeonbuk region. The bank aims to supply approximately 1.6 trillion won in corporate finance to the area by 2030. Additionally, support for promising startups in Jeonbuk will be expanded through the venture startup support program 'DINNOLab.'
Furthermore, Woori Smile Finance Foundation will open a new branch in Jeonju and a Goodwill Store to provide financial support to vulnerable groups and small businesses.
Chairman Lim Jong-ryong stated, "The Jeonbuk Woori WON Financial Town is a starting point for Woori Financial and Jeonbuk and Jeonju to grow together, and we will strive to help local SMEs, small business owners, and startups thrive."
* This article has been translated by AI.
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