Woori Financial F&I, 120 Billion Won Paid-in Capital Increase... "Response to NPL Expansion"

Woori Financial Group's subsidiary, Woori Financial F&I, is planning a paid-in capital increase worth 120 billion KRW. This move comes as the market for non-performing loan (NPL) sales is expanding due to prolonged high interest rates and restructuring of real estate project financing (PF), prompting the company to secure 'ammunition.'

Woori Financial F&I announced on the 23rd that it held a board meeting on the 21st and resolved the agenda for the 120 billion KRW paid-in capital increase. Through this capital increase, Woori Financial F&I's equity capital will rise to around 320 billion KRW.

Woori Financial F&I plans to actively engage in the expanding NPL sales market in line with Woori Financial's strategic efforts to strengthen its non-banking sector capabilities through this capital increase. Additionally, the company aims to establish a mid- to long-term growth foundation early, concentrate its capabilities on improving financial soundness and profitability, and accelerate securing market competitiveness.

Choi Dong-su, CEO of Woori Financial F&I, stated, “With the active support at the group level, we will continue the reputation of Woori F&I, established as Korea’s first private bad bank,” and added, “Taking this capital increase as an opportunity, Woori Financial F&I will actively invest in high-quality NPL assets to rebuild Korea’s prestigious NPL investment firm.”