Dedicated staff expanded from 1 to 3
Effectively designed the 'Future Co-Growth Project'
Also analyzes government policies on productive finance
Woori Financial Research Institute, under Woori Financial Group, is expanding its dedicated organization for "productive finance" and strengthening related research, including collecting overseas case studies. Through these efforts, Woori Financial Research Institute plans to share its own research findings with financial authorities and develop actionable measures.
According to the financial industry on October 24, Woori Financial Research Institute recently expanded the "Productive Finance Research Center," which was newly established under the Financial Innovation Research Department. Previously, there was only one researcher, but this has now increased to three. A representative from Woori Bank stated, "We plan to expand collaboration with researchers from other departments within the institute as well as external experts in the field."
The Productive Finance Research Center is responsible for: ▲ discovering promising growth industries and conducting macro-industry research ▲ analyzing government productive finance policies ▲ monitoring domestic and international trends related to productive finance ▲ building and operating networks with external industry experts ▲ and carrying out projects requested by group affiliates.
The expansion of the Productive Finance Research Center is aimed at focusing on research for the "Future Co-Growth Project." The "Future Co-Growth Project" refers to the "productive and inclusive finance" plan that Chairman Lim Jongryong of Woori Financial Group personally announced at a press conference last month. This plan includes a total of 80 trillion won in productive finance investment and lending over the next five years.
In particular, Woori Financial Group drew attention by being the first private sector entity to announce a 10 trillion won investment plan in the National Growth Fund, which accounts for 13% of the fund’s total size. Chairman Lim explained that the decision to invest 10 trillion won was made "in consideration of Woori Financial Group’s share within the entire financial sector." The financial industry has evaluated this as Woori Financial Group effectively setting the participation guidelines for the National Growth Fund.
The financial industry believes that Woori Financial Research Institute designed the main framework of the "Future Co-Growth Project." In June, Woori Financial Research Institute published a book titled "Japan's Great Economic Transformation." This comprehensive report deeply analyzes the economic structure of Japan, which has already experienced low birth rates, an aging population, and low growth. The book covers Japan’s government stimulus policies, major banks’ corporate finance initiatives, and digital transformation cases in detail. Unlike simple literature reviews, the research features a field-oriented approach, including multiple visits to Japan and interviews with key stakeholders.
As such, Woori Financial Research Institute has recently distinguished itself in financial sector research and is currently the only private institution participating in the Productive Finance Task Force (TF) launched by the Financial Services Commission.
A Woori Bank representative said, "In addition to research on productive finance, we are also strengthening research on inclusive finance," adding, "Recently, we have been conducting on-site research to study the role of finance in revitalizing local economies, visiting regions such as Daejeon, Busan-Ulsan, Daegu, Gwangju, and the Jeolla area (including Iksan and Gunsan)."
Meanwhile, Woori Financial Research Institute is the think tank of Woori Financial Group, established in December 2012. It conducts in-depth research across the entire spectrum of economics, finance, and management, including macroeconomics, financial industry and market analysis, management strategy, management innovation, corporate culture, internal controls, and climate finance.
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