Woori Financial Group will add about 100 local employees in Jeonbuk State and supply roughly 1.6 trillion won in funds over five years.
Woori Financial Group said on the 26th it will build financial infrastructure centered on key affiliates such as asset management, banking, and insurance to help Jeonbuk advance as a financial hub.
Woori Financial Group plans to expand the number of employees working in Jeonju to more than 300 by adding affiliates such as Woori Asset Management. The group currently has about 200 employees working in the Jeonju area.
The group will open the Woori Asset Management Jeonju office, a core affiliate in the capital markets division, and hire local marketers and others. Insurance affiliates Tongyang Life Insurance and ABL Life Insurance will expand local hiring centered on exclusive agents. Woori Credit Information will establish the Jeonju branch to expand debt management services for local financial companies, including affiliates such as Woori Bank and Woori Financial Capital, which are based in Jeonju.
Woori Financial Group also plans to help revitalize the Jeonbuk economy by operating its in-house venture startup support program "Dino Lab," supplying "corporate finance" to expand productive finance, and expanding employment stores for people with developmental disabilities under the "Goodwill Store" brand.
As part of productive finance, Woori Financial Group will supply about 1.6 trillion won over five years from this year through 2030 to small and midsize enterprises and small business owners in the Jeonbuk region. Through this, it aims to fully support productive finance in the region and build a virtuous economic cycle that leads to sales, investment, and employment.
A Woori Financial Group official said, "Securing a capital markets base in Jeonju, home to the National Pension Service, one of the world's top three pension funds, will be an opportunity to dramatically strengthen Woori Financial Group's competitiveness in capital markets."