Woori Financial Group to Invest $59 Billion in AI and Biotechnology Sectors

Woori Financial Group has announced an ambitious plan to invest 80 trillion won ($59 billion) over the next five years, targeting artificial intelligence (AI), high-tech ventures, and support for low-income and low-credit borrowers. This initiative, part of the Future Co-growth Initiative, aims to shift focus from traditional household mortgage lending to sustainable investments that will drive long-term economic growth. Notably, Woori is the first private-sector contributor to the government-led National Growth Fund, pledging 10 trillion won. The financial group will also invest 1 trillion won in venture capital for startups and plans to reduce borrowing costs for 550,000 individuals. Woori aims to elevate its corporate loan growth significantly while enhancing inclusive financial services and consumer protections, alongside a new AI-driven transformation in its management systems.

Woori Financial Group to Invest $59 Billion in AI and Biotechnology Sectors

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