Woori Financial Group Launches First Co-Investment Fund to Foster Advanced Industries

"Woori Future Co-Growth Advanced Strategy Private Equity Investment Trust"
Woori Asset Management to Oversee Fund Operations
Part of 80 Trillion Won Productive and Inclusive Finance Initiative

Woori Asset Management completed the signing of the first group co-investment fund agreement on December 26 as part of Woori Financial Group's initiative to provide 80 trillion won in productive and inclusive finance.

This fund marks the first concrete case of the “Group Co-Investment Fund,” a core implementation task of the “Future Co-Growth Project” announced by Woori Financial Group in September. Through this project, Woori Financial Group has announced its plans to significantly expand the supply of productive and inclusive finance over the next five years and, separately, to gradually pursue the group’s own investments such as co-investment funds and venture capital.

The “Woori Future Co-Growth Advanced Strategy Private Investment Trust” has been established with a total size of 200 billion won, with Woori Asset Management serving as the fund manager. Major affiliates within the group, including Woori Bank, Woori Investment & Securities, Tongyang Life Insurance, Woori Card, Woori Financial Capital, and ABL Life Insurance, are participating as joint investors.

The main investment targets are companies in the national advanced strategic industries and related value chains. The fund plans to discover companies in innovative growth sectors such as semiconductors, secondary batteries, artificial intelligence (AI), biotechnology, robotics, and aerospace, as well as those requiring mid- to long-term funding for new technology adoption or business transformation. Woori Asset Management aims to finalize its first investment destination as early as within this year and begin full-scale support.

A representative from Woori Asset Management stated, “This fund was designed from the planning stage to align with the government’s advanced industry support policies and the group’s strategy to expand productive finance. Based on the group companies’ abundant capital, we will become a solid catalyst for ‘future co-growth’ with companies that have future growth potential.”