Woori Financial Group announced on Feb. 6 that it will deliver one billion won in donations for the National Disaster Relief Association and provide financial support to help local residents, small business owners and small and medium-sized enterprises recover.
The support will help them return to their normal lives by overcoming damage from forest fires in Uljin, Samcheok and Gangneung on the east coast of the nation.
Prior to this, Woori Financial Group, along with the Korean Red Cross, immediately provided disaster relief kits including blankets, underwear, personal hygiene items and household goods and relief food trucks for those who fell victim to the forest fires in early March.
In addition, Woori Financial Group will prepare additional disaster relief kits and donate them to the Korea Red Cross, and provide special financial support to customers hit hard by the forest fires to help them restore their damaged facilities and ease their financial costs.
First of all, Woori Bank will provide up to 500 million won in loans for business operations or facility funds with a special preferential interest rate — an interest rate of 1.5 percentage points or lower — to affected small business owners and small and medium-sized enterprises.
Local residents of the fire-hit areas will also be able to receive financial support from Woori Financial Group. Woori Bank will actively support those hit hard by the forest fires by reducing burdens of financial costs on them through lowering loan interest rates and commissions.
Woori Card will give a grace period for card payments to customers who suffered from the forest fires, too.
Woori Financial Group announces on Feb. 17 that it will continue its activities and customer communications to become “the First Financial Institution in Customers’ Hearts,” the group brand slogan in the new year of 2022, the first year of its full privatization.
Innovation and Promotion of Woori Brand
On Feb. 17, Woori Financial Group announced it was planning to continue its activities and customer communications to become “the First Financial Institution in Customers’ Hearts,” the group brand slogan.
Woori Financial Group, which attains its full privatization, will step up its efforts to innovate and promote its “Woori” brand in 2022.
Woori Financial Group distributed free official fonts that have been renewed to suit a digital business environment.
In addition, it will continue to sponsor unpopular sports such as modern pentathlon and swimming for the development of the Korean sports industry as well as e-sports to strengthen communications with the MZ generation.
Last year, Woori Financial Group declared the group brand slogan which reflects its new value system.
Along with the special power of the word “Woori,” the brand contains Woori Financial Group’s innovation for children, customers and the world.
In particular, Woori Financial Group’s efforts for a better tomorrow have led to ESG management. The financial group supported 200 stores through a project dubbed “Good Store in Our Neighborhood.”
Chairman’s Purchase of 5,000 Treasury Shares
Woori Financial Group announced that Chairman Son Tae-seung of the financial group purchased 5,000 treasury shares of Woori Financial Group in the market, holding a total of 108,127 shares of the group.
Chairman Sohn’s treasury stock purchase was aimed at expressing the chairman’s strong confidence in the group’s business performances in 2022 and strong will to enhance corporate value.
Shares of Woori Financial Group have been on a sharp rise since the fourth quarter based on complete privatization momentum and earnings turnaround, but have recently been adjusted due to external factors such as geopolitical risks.
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