Woori Financial Group will invest a total of 200 billion won to stabilize the real estate project financing (PF) market.

Woori Finance announced on the 28th that it has invested 200 billion won in a total of four funds from last year to recently to stabilize the real estate PF market. The affiliates jointly invested to create the 1st and 2nd PF Stabilization Funds and focused on transfusing funds into urgent projects such as development workplaces in Yongin, Gyeonggi-do.

As a result, a number of projects that had been temporarily suspended have achieved results, such as completing the sale or converting to the main PF. Woori Financial plans to promote PF stabilization projects in partnership with other financial companies in the banking and insurance industries in the future. It is also considering participating in the "Savings Bank Joint Fund," which is being promoted to organize and restructure savings bank PF loans.