Woori Financial Group Provides 200 Billion KRW Financial Support for Typhoon 'Khanun' Damage Recovery

Woori Bank Lowers Loan Interest Rates and Offers Principal and Interest Repayment Deferral
Card, Capital, and Savings Banks Also Provide Payment and Principal Repayment Deferrals

Woori Financial Group announced on the 11th that it will provide financial support, including special funds for business stabilization, to aid in the recovery of areas affected by Typhoon "Khanun."

First, Woori Bank has allocated funds worth 200 billion KRW to support small business owners and SMEs affected by the typhoon with ▲a maximum 1.5 percentage point reduction in loan interest rates ▲up to a 3-month grace period for principal and interest repayment on installment loans ▲loan maturity extensions ▲extension of the grace period for export bills of exchange defaults from the existing 60 days to 90 days.

Additionally, customers affected by the typhoon will receive support such as ▲emergency living expense loans up to 20 million KRW per individual ▲up to a 1 percentage point reduction in loan interest rates ▲payment of contracted interest upon early termination of savings and deposits ▲exemption from remittance and withdrawal fees to reduce financial costs.

Woori Card will provide typhoon-affected customers with ▲deferred payment of card bills for up to 6 months ▲waiver of late payment interest and deletion of late payment records for overdue payments after the typhoon ▲a 30% preferential rate on basic interest rates for card loans, credit loans, and cash advances.

Woori Financial Capital will implement ▲up to a 6-month grace period for principal repayment for customers affected by the typhoon ▲waiver of late payment interest when settling overdue loans incurred after the typhoon.

Woori Financial Savings Bank will support ▲a 3-month grace period for principal and interest repayment ▲loan maturity extensions of up to 6 months.

Woori Financial Group will distribute emergency relief kits consisting of blankets, sportswear, and daily necessities (towels, toothbrushes, socks, toilet paper, etc.) to disaster victims through the Korean Red Cross, and dispatch relief meal vehicles to the affected areas to provide meals for disaster victims and recovery personnel.

Im Jong-ryong, Chairman of Woori Financial Group, stated, “We will continue various support efforts for residents affected by Typhoon Khanun,” adding, “All group companies will unite to explore additional measures and devote full efforts to support recovery from the damage.”