Woori Bank Provides 282 Billion KRW in Livelihood Finance Support Through First Half of Year

Support Exceeds Plan by 6.2 Billion KRW

Woori Bank announced on July 31 that it has faithfully implemented its livelihood finance support measures, providing a total of 282 billion KRW in livelihood finance from 2024 to the first half of 2025. This figure exceeds the originally planned 275.8 billion KRW by 6.2 billion KRW.

Through its common program, Woori Bank distributed 183.6 billion KRW, focusing on providing interest cashback to 210,000 small business owners and self-employed individuals who have been struggling due to high interest rates and high inflation.

The autonomous program, totaling 98.4 billion KRW, was utilized for customized support for financially vulnerable groups. This included support for young people repaying student loans, initial insurance premiums and childbirth congratulatory payments for pregnant women, cashback for diligent repayment of loans for low-income individuals, and transportation subsidies for teenagers.

This year as well, Woori Bank is actively participating in the 'Small Business Financial Support Plan,' which is being implemented jointly across the banking sector. The bank is promptly providing tailored debt adjustment programs such as 'Small Business 119 Plus' and 'Haepssalon 119 Guarantee Loan' for those who have closed or are planning to close their businesses.

In addition, in partnership with the Korea Inclusive Finance Agency, Woori Bank has continued its social contribution activities. These include providing self-reliance scholarships to 100 young people preparing for independence (May), donating lightweight carts and safety equipment to elderly waste collectors (June), and replacing old desks and chairs and providing educational materials to the 'Happy-i Study Room' (July).

A Woori Bank representative stated, "We will continue to offer products and services that provide practical help to a wide range of financially vulnerable groups, including small business owners, low-income individuals, young people, pregnant women, and teenagers." The representative added, "This year as well, we will fulfill our social responsibility in finance through effective and mutually beneficial financial support."