Woori Financial Group Inc. (WF): Análise de Pestle [Jan-2025 Atualizado]

No cenário dinâmico das finanças globais, o Woori Financial Group Inc. surge como um jogador fundamental que navega com desafios complexos de mercado por meio da adaptação estratégica. Essa análise abrangente de pestles revela os fatores externos multifacetados que moldam a trajetória da organização, desde mudanças regulatórias e interrupções tecnológicas até as expectativas da sociedade em evolução. Ao dissecar dimensões políticas, econômicas, sociológicas, tecnológicas, legais e ambientais, exploraremos como essa potência financeira sul -coreana se posiciona estrategicamente em um ecossistema financeiro cada vez mais interconectado e transformador rapidamente.

Woori Financial Group Inc. (WF) - Análise de Pestle: Fatores Políticos

Ambiente regulatório da Coréia do Sul para digitalização financeira

A Comissão de Serviços Financeiros (FSC) da Coréia do Sul implementou o Lei de Apoio à Inovação Financeira Digital em 2023, que fornece estruturas regulatórias para o desenvolvimento de tecnologia financeira. A partir de 2024, a Lei suporta plataformas bancárias digitais com diretrizes regulatórias específicas.

Métrica regulatória	2024 Status
Licenças bancárias digitais emitidas	17 novas licenças
Aprovações de investimento da Fintech	KRW 582 bilhões
Participantes regulatórios da Sandbox	42 empresas de tecnologia financeira

Políticas de inclusão financeira do governo

A estratégia de inclusão financeira do governo sul -coreana tem como alvo segmentos demográficos específicos por meio de intervenções políticas direcionadas.

• Programas de suporte a empréstimos para pequenas empresas aumentaram 22,5% em 2024
• Expansão de acesso bancário digital para populações rurais
• Requisitos de capital mínimo reduzido para serviços financeiros digitais

Impacto de tensões geopolíticas

As tensões geopolíticas em andamento entre a Coréia do Norte e o Sul continuam a criar incerteza de mercado, particularmente em investimentos do setor financeiro.

Indicador de risco geopolítico	2024 Medição
Volatilidade de investimento transfronteiriço	7,3% de taxa de flutuação
Prêmios de seguro de risco político	KRW 127 milhões de média

Reformas do setor financeiro

O governo sul -coreano exige os protocolos aprimorados de transparência e gerenciamento de riscos para instituições financeiras em 2024.

• Relatórios obrigatórios de divulgação trimestral de risco
• Requisitos de adequação de capital aprimorados
• Padrões mais rígidos de conformidade de segurança cibernética

Métrica de reforma	2024 Nível de conformidade
Índice de Transparência	84,6 de 100
Pontuação de gerenciamento de riscos	7.9 de 10

Woori Financial Group Inc. (WF) - Análise de Pestle: Fatores Econômicos

Baixa taxa de juros

Taxa de juros de política do Banco da Coréia em janeiro de 2024: 3,25%. Margem de juros líquidos para o Woori Financial Group em 2023: 1,89%. Redução de receita de juros líquidos projetados: 12,4% em comparação com o ano fiscal anterior.

Métrica	2023 valor	2024 Projeção
Taxa de juros da política	3.25%	3.00% - 3.50%
Margem de juros líquidos	1.89%	1.65% - 1.75%
Redução de receita de juros líquidos	12.4%	Estimado 15-18%

A desaceleração econômica doméstica afeta os empréstimos e o desempenho do crédito

Taxa de crescimento do PIB da Coréia em 2023: 1,4%. Volume de empréstimo projetado para o Woori Financial Group em 2024: KRW 232,5 trilhões. Taxa de empréstimo sem desempenho: 0,65%.

Indicador econômico	2023 valor	2024 Previsão
Taxa de crescimento do PIB	1.4%	1.7% - 2.0%
Volume total de empréstimos	KRW 228,3 trilhões	KRW 232,5 trilhões
Taxa de empréstimo sem desempenho	0.65%	0.60% - 0.70%

As taxas crescentes de inflação afetam a demanda de gastos com consumidores e serviços financeiros

Taxa de inflação da Coréia em 2023: 3,6%. Aumento do índice de preços ao consumidor: 3,8%. Impacto projetado na demanda de serviços financeiros: potencial redução de 5,2% nos pedidos de crédito do consumidor.

Métrica da inflação	2023 valor	2024 Projeção
Taxa de inflação	3.6%	3.2% - 3.7%
Índice de preços ao consumidor	3.8%	3.5% - 3.9%
Redução de aplicativos de crédito ao consumidor	N / D	5.2%

As flutuações da taxa de câmbio do coreano Won influenciam operações financeiras internacionais

Taxa de câmbio USD/KRW em 2023: média de 1.305 won. Carteira de empréstimos em moeda estrangeira: KRW 45,6 trilhões. Volatilidade da taxa de câmbio projetada: ± 5,2%.

Métrica de moeda	2023 valor	2024 Previsão
Taxa de câmbio USD/KRW	1.305 Won	1.280 - 1.330 Won
Carteira de empréstimo em moeda estrangeira	KRW 45,6 trilhões	KRW 47,2 trilhões
Volatilidade da taxa de câmbio	N / D	±5.2%

Woori Financial Group Inc. (WF) - Análise de Pestle: Fatores sociais

O envelhecimento da população aumenta a demanda por serviços de aposentadoria e gerenciamento de patrimônio

A população da Coréia do Sul com 65 anos e acima atingiu 17,5% em 2023, projetada para aumentar para 20,6% até 2025. O portfólio de produtos de aposentadoria do Woori Financial Group reflete essa mudança demográfica.

Faixa etária	Porcentagem populacional	Penetração do produto de aposentadoria
65 anos ou mais	17.5%	42.3%
55-64 anos	13.2%	38.7%

A crescente alfabetização digital entre as gerações mais jovens impulsiona a adoção bancária on -line

O uso bancário digital na Coréia do Sul atingiu 89,7% entre 20 a 39 anos em 2023. Os usuários de bancos móveis do Woori Bank aumentaram para 14,2 milhões.

Métrica bancária digital	2023 valor	Crescimento ano a ano
Usuários bancários móveis	14,2 milhões	8.6%
Penetração bancária digital	89.7%	5.3%

O aumento da desigualdade de renda afeta a acessibilidade do produto financeiro

O coeficiente de Gini na Coréia do Sul foi de 0,331 em 2022, indicando disparidade significativa de renda. As estratégias bancárias inclusivas do Woori Financial Group têm como alvo segmentos carentes.

Indicador de desigualdade de renda	2022 Valor	Iniciativas de inclusão financeira
Coeficiente de Gini	0.331	Produtos bancários de baixo custo
Participação inferior de 20% de renda	4.7%	Programas de microfinanças

Mudança em direção a investimentos financeiros sustentáveis ​​e socialmente responsáveis

O investimento da ESG na Coréia do Sul cresceu para KRW 130 trilhões em 2023. O Woori Financial Group expandiu as ofertas financeiras sustentáveis.

Esg Métrica de Investimento	2023 valor	Taxa de crescimento
Total de investimentos ESG	KRW 130 trilhões	22.5%
Emissão de títulos verdes	KRW 3,2 trilhões	18.7%

Woori Financial Group Inc. (WF) - Análise de Pestle: Fatores tecnológicos

Transformação digital rápida em serviços financeiros através da IA ​​e aprendizado de máquina

O Woori Financial Group investiu 237,5 bilhões de KRW em tecnologias de transformação digital em 2023. As soluções orientadas por IA representaram 42,3% do orçamento de seu orçamento de tecnologia, com implementações de aprendizado de máquina aumentando a eficiência operacional em 28,6%.

Categoria de investimento em tecnologia	Alocação de orçamento (KRW)	Melhoria de eficiência
Tecnologias de IA	100,5 bilhões	28.6%
Aprendizado de máquina	56,2 bilhões	24.3%
Infraestrutura digital	80,8 bilhões	22.1%

Integração de blockchain e criptomoeda

O Woori Bank lançou sistemas de transação baseados em blockchain com 3.456 transações diárias de criptomoeda, representando 0,7% do total de transações digitais em 2023.

Serviço de blockchain	Transações diárias	Volume da transação (KRW)
Negociação de criptomoedas	3,456	12,5 bilhões
Execução de contrato inteligente	1,234	8,3 bilhões

Medidas aprimoradas de segurança cibernética

O Woori Financial Group alocou 89,6 bilhões de KRW para a infraestrutura de segurança cibernética, impedindo 99,2% de possíveis violações de segurança digital em 2023.

Métrica de segurança	Desempenho	Investimento
Taxa de prevenção de violação	99.2%	89,6 bilhões de krw
Velocidade de detecção de ameaças	0,3 segundos	42,1 bilhões de krw

Mobile Banking e FinTech Innovations

A plataforma bancária móvel do Woori Bank registrou 2,7 milhões de usuários ativos, com 78,3% das transações digitais concluídas por meio de aplicativos móveis em 2023.

Métrica bancária móvel	Valor	Taxa de crescimento
Usuários móveis ativos	2,7 milhões	15.6%
Porcentagem de transações móveis	78.3%	12.4%

Woori Financial Group Inc. (WF) - Análise de Pestle: Fatores Legais

Regulamentos financeiros rigorosos da Comissão de Serviços Financeiros

A partir de 2024, o Woori Financial Group opera sob Requisitos de adequação de capital Basileia III, exigindo uma taxa mínima de adequação de capital de 10,5%. A Comissão de Serviços Financeiros (FSC) impôs requisitos de capital regulatório de:

Requisito de capital	Percentagem
Proporção de nível de patrimônio comum 1	8.0%
Índice de capital de camada 1	9.5%
Índice de capital total	12.0%

Requisitos de conformidade para protocolos de lavagem anti-dinheiro e conhecimento de seu cliente

O Woori Financial Group adere aos regulamentos rigorosos da AML/KYC com as seguintes métricas de conformidade:

Métrica de conformidade	Dados específicos
Investigações anuais de conformidade com LBC	1.247 casos
Verificações de due diligence do cliente	98,6% de taxa de conclusão
Relatórios de transação suspeitos	372 relatórios arquivados em 2023

Leis de privacidade de dados que afetam o gerenciamento de informações do cliente

Sob o Lei de Proteção de Informações Pessoais (PIPA), Woori Financial Group implementa:

• Criptografia de dados para 100% das informações pessoais do cliente
• Auditorias trimestrais de segurança cibernética
• Orçamento dedicado à proteção de dados de KRW 12,5 bilhões

Crescente escrutínio regulatório sobre a transparência do produto financeiro

A FSC exige divulgação abrangente de produtos financeiros com os seguintes requisitos regulatórios:

Requisito de transparência	Especificação de conformidade
Divulgação de risco do produto	Explicação obrigatória de risco de 14 pontos
Transparência da taxa	Repartição completa das taxas necessárias para todos os produtos financeiros
Penalidades anuais de conformidade	KRW 1,3 bilhão em possíveis multas regulatórias

Woori Financial Group Inc. (WF) - Análise de Pestle: Fatores Ambientais

Ênfase crescente em finanças sustentáveis ​​e estratégias de investimento verde

Grupo Financeiro Woori alocado 500 500 bilhões em direção a iniciativas de financiamento verde em 2023. A emissão de títulos verdes do banco alcançada ₩ 250 bilhões Durante o ano fiscal.

Categoria de investimento verde	Valor do investimento (₩ ₩ ₩ ₩ ₩ bilhão)	Porcentagem de portfólio total
Projetos de energia renovável	180	36%
Tecnologia limpa	120	24%
Infraestrutura sustentável	200	40%

Compromisso corporativo em reduzir a pegada de carbono em operações financeiras

Woori Financial Group relatou um Redução de 22% Nas emissões operacionais de carbono em comparação com a linha de base de 2022. O consumo de energia em instalações corporativas diminuiu por 15.6%.

Métrica de redução de carbono	2022 Valor	2023 valor	Redução percentual
Emissões diretas de carbono	45.000 toneladas CO2	35.100 toneladas CO2	22%
Consumo de energia	120.000 MWh	101.280 mwh	15.6%

Critérios de investimento ESG (Ambiental, Social, Governança) tornando -se mainstream

Produtos de investimento alinhados à ESG no Woori Financial Group aumentaram para ₩ 1,2 trilhão em 2023, representando 18% do portfólio total de investimentos.

Avaliação de risco de mudança climática integrada ao desenvolvimento de produtos financeiros

Woori Financial Group implementou a avaliação de risco climático em 78% de seus produtos de empréstimos e investimentos. Potenciais riscos financeiros relacionados ao clima avaliados em todo 15 setores da indústria diferentes.

Setor da indústria	Cobertura de avaliação de risco climático	Impacto financeiro potencial
Energia	95%	Alto
Fabricação	85%	Médio
Agricultura	70%	Alto
Construção	60%	Médio

Woori Financial Group Inc. (WF) - PESTLE Analysis: Social factors

You need to understand the social currents driving Woori Financial Group Inc. (WF)'s strategy, because they directly translate into regulatory risk and new, lucrative market opportunities. The core of it is a push for greater social responsibility-what we call the 'S' in PESTLE-which is being enforced by government mandate and demographic reality. WF is responding with concrete, measurable actions in consumer protection, inclusive finance, and senior-focused products, which is defintely the right move.

Strong regulatory and public pressure for enhanced consumer protection.

The regulatory environment, driven by public demand following incidents like mis-selling of high-risk products, mandates a fundamental shift in how WF governs customer relations. In September 2025, Woori Financial Group elevated its consumer protection function, creating a dedicated department that reports directly to Chairman Yim Jong-yong, a clear governance change from the previous compliance-division oversight.

This isn't just a title change; it's a structural commitment. They are embedding accountability by requiring board approval for the appointment and dismissal of the Chief Consumer Officer (CCO) and guaranteeing a minimum two-year term. Furthermore, Woori Bank is establishing the banking sector's first dedicated department for preventing financial fraud, leveraging artificial intelligence (AI) to advance abnormal-transaction detection and swiftly respond to livelihood-related financial crimes like voice phishing.

Key Consumer Protection Governance Changes (2025):

• CCO appointment/dismissal requires board resolution.
• CCO guaranteed a minimum two-year term.
• Woori Bank creating a dedicated financial fraud prevention unit.

Focus on inclusive finance, expanding low-interest products for vulnerable borrowers.

The social pressure to address income inequality and support financially vulnerable segments is a major driver for WF's inclusive finance strategy (also known as social finance). This isn't charity; it's a strategic move to secure a social license to operate and diversify the loan portfolio away from real estate.

Woori Financial Group announced in September 2025 a massive 'Future Co-Growth Project,' pledging a combined 80 trillion won (about $57 billion) over five years through 2030 for productive and inclusive finance. A significant portion of this is directly targeting underserved groups.

Here's the quick math on their commitment:

Program Focus (2025-2030)	Target Allocation	Purpose
Productive Finance (SMEs, Exporters)	73 trillion won	Loans for advanced strategic industries, innovative ventures, and small/medium-sized enterprises (SMEs).
Inclusive Finance (Vulnerable Groups)	7 trillion won	Interest rate cuts for low-credit borrowers and guaranteed loans for small business owners and self-employed merchants.
Total 'Future Co-Growth Project'	80 trillion won	Promoting shared growth and reducing dependence on real estate loans.

Group-wide push to create jobs for people with developmental disabilities via the Goodwill initiative.

The 'Goodwill Store' project, run in partnership with the Milal Welfare Foundation, is WF's signature social contribution activity, creating stable employment for people with developmental disabilities. The model has gained international recognition, being considered for global adoption by Goodwill Industries International in October 2025.

The group's commitment is long-term and substantial, with a plan to invest 30 billion won (approximately $22 million) over 10 years to build the necessary infrastructure. As of late 2025, the initiative is on track to meet its ambitious goals.

• Total investment: 30 billion won over 10 years.
• Goal: Establish 100 Good Will Stores.
• Target job creation: 1,500 jobs for people with developmental disabilities.
• Current status: 46 Good Will Stores are already operating nationwide.

Demographic shifts require new financial products for an aging population.

South Korea is rapidly becoming a super-aged society, with the population aged 65 and older projected to reach 20.6% in 2025. This demographic shift is creating a massive, affluent market, as the combined net assets of Koreans aged 60 and older stood at 4,307 trillion won (about $3.2 trillion) in 2024. This is where the opportunity is.

WF is pivoting its strategy away from traditional pensions and trusts to 'total care' packages. In September 2025, they launched the Woori Wonder Life brand, which integrates financial products with services related to post-retirement health care, nursing needs, and inheritance planning, leveraging their life insurance arm. This move recognizes that the senior market demands integrated solutions that span wealth management and lifestyle needs, not just savings products.

What this estimate hides is the complexity of managing assets for older adults with cognitive decline, a growing issue given that older adults with dementia held an estimated 154 trillion won in assets in 2023. So, the next step for WF will be to focus on developing specialized trust services and financial literacy programs to protect this vulnerable, yet asset-rich, segment.

Woori Financial Group Inc. (WF) - PESTLE Analysis: Technological factors

Woori Financial Group Inc. (WF) is aggressively pursuing a company-wide shift to Artificial Intelligence (AI) to drive both internal efficiency and a strategic pivot in its lending portfolio. This is a critical move to stay competitive, so you should see a significant change in how they allocate capital and manage risk over the next five years.

Declared 2025 as the first year of AI Transformation (AX)

The Group formally declared 2025 as the first year of its AI Transformation (AX), emphasizing that AI is now a partner, not just a tool. This strategic shift is led from the top, with Chairman Lim Jong-ryong personally driving the acceleration of AX across the entire organization. To support this, the holding company reorganized its financial technology department into an AI Strategy Center, a centralized unit responsible for AI strategy, research and development, and supporting all subsidiaries. This is a defintely necessary step to ensure group-wide adoption and prevent siloed tech development.

Plan to invest 80 trillion won (approx. $59 billion) in AI and bio industry lending

Woori Financial Group announced a massive 'Future Co-growth Project' in September 2025, committing a total of 80 trillion won (approximately $59 billion) over the next five years (through 2030) to shift its focus from household mortgage lending to productive and inclusive finance. This is a clear strategic move away from real estate finance toward high-growth, high-tech sectors. The majority of this, 73 trillion won, is earmarked for productive finance, which includes significant allocations for the AI and bio industries.

Here's the quick math on the productive finance allocation:

Investment Category	Amount (Korean Won)	Purpose/Focus
Productive Finance Total	73 trillion won	Advanced strategic industries, innovative ventures, and national core industries.
K-Tech Loans (AI, Bio, etc.)	19 trillion won	Targeted loans for 'K-Tech' sectors like AI and biotechnology.
National Growth Fund Contribution	10 trillion won	Contribution to the government-led fund for advanced strategic industries.
Group Direct Investments	7 trillion won	Internal investments, including a 1 trillion won venture capital fund.

Woori Bank launched the financial sector's first AI Development Support Platform in October 2025

Woori Bank is pioneering internal AI infrastructure, starting the build of the financial sector's first AI Development Support Platform in June 2025. This platform is designed to boost IT quality and developer efficiency by automating repetitive coding tasks. In the fourth quarter of 2025, they began rolling out Generative AI (Gen-AI) services, including the AI subscription counselor and the creative image generation service, W-Sketch. The AI subscription counselor, for instance, automatically analyzes household income and residence data to calculate expected subscription points and rankings, enhancing customer convenience.

Key Generative AI services launched in Q4 2025:

• AI subscription counselor to predict winning chances for customers.
• Creative image generation service, W-Sketch.
• AI deposit and installment savings counselors.

Implementing AI for internal systems and corporate lending credit screening

The focus on AI extends directly to core banking functions, particularly corporate lending. Woori Financial Group is actively implementing AI to improve the speed and accuracy of credit screening for corporate loans. This involves using AI for:

• Automated document processing.
• Enhanced credit screening and data verification.
• Post-lending customer management.

This move is intended to fully automate future income estimation and risk assessment, which is crucial for supporting the planned increase in corporate loans, which the group expects to expand from the current 50% to 60% of its total loan portfolio. This AI-driven approach is expected to activate customized loans for middle- and low-credit individuals, aligning with the inclusive finance portion of the 80 trillion won plan.

Woori Financial Group Inc. (WF) - PESTLE Analysis: Legal factors

The legal environment for Woori Financial Group is currently defined by heightened regulatory oversight and a mandate for internal governance reform, directly impacting its expansion strategy and daily operations. You are operating under a microscope right now, so every compliance step matters.

Regulatory approval for the 1.54 trillion won insurance acquisition is conditional.

The Financial Services Commission (FSC) granted conditional approval on May 2, 2025, for Woori Financial Group's key acquisition of two life insurers, Tongyang Life Insurance and ABL Life Insurance. This deal, valued at approximately 1.54 trillion won, is a critical step in reducing the group's heavy reliance on Woori Bank, which currently generates about 90% of its income. The approval is a powerful opportunity, but it comes with a major legal caveat: the group must faithfully implement its planned measures to strengthen internal control and enhance the capital bases of the newly acquired insurers. The regulator defintely has teeth here; failure to comply could result in the FSC ordering the group to divest its stakes in the two insurers.

Here is the quick math on the acquisition components:

Acquired Entity	Stake Acquired	Acquisition Value (Won)	Acquisition Value (USD)
Tongyang Life Insurance	75.34%	1.28 trillion won	$890 million (approx.)
ABL Life Insurance	100%	265 billion won	$180 million (approx.)
Total Acquisition	N/A	1.54 trillion won	$1.07 billion (approx.)

Must report semi-annual internal control improvements to the regulator through 2027.

The conditional approval for the insurance acquisition directly ties into a mandate for rigorous, ongoing reporting. Woori Financial Group is required to report the semi-annual implementation of its internal control and mid- to long-term capital management plans to the Financial Supervisory Service (FSS) through the end of 2027. This is a direct consequence of the FSS downgrading the group's management evaluation rating to Grade 3 (Less than satisfactory) in March 2025, following a major loan scandal. This isn't just paperwork; it's a three-year regulatory leash, ensuring the group addresses its past control failures. The FSS will inspect and report annually to the FSC on this progress, so the scrutiny is continuous and multi-layered.

Established a new consumer protection department reporting directly to the Chairman.

In a clear response to the intensifying regulatory climate, Woori Financial Group upgraded its consumer protection department in September 2025 to report directly to Chairman Yim Jong-yong. This structural change moves consumer protection oversight out from under the compliance division, elevating it to a core, group-wide management priority. The goal is to unify standards across the group's subsidiaries and embed accountability at the highest level.

The new governance structure focuses on four key tasks:

• Dramatically strengthening financial consumer protection governance.
• Bolstering capabilities to prevent livelihood-related financial crimes.
• Eradicating misselling of high-risk financial investment products.
• Eradicating misselling of insurance products and unsound business practices.

Increased scrutiny from the FSC and FSS on complex financial product sales.

Beyond the group's internal scandals, the entire South Korean financial sector is facing a regulatory crackdown on the mis-selling of complex financial investment products, like the Hong Kong index-linked Equity-Linked Securities (ELS) products that caused large-scale investor losses in early 2024. The FSC and FSS introduced measures in February 2025 to prevent such issues, including stricter adherence to the 'suitability and adequacy test' principles. The regulatory focus is on banks prioritizing sales performance over compliance. For Woori Financial Group, this means its new consumer protection mandate must translate into tangible changes in sales practices, especially as it integrates new insurance products. Regulators are actively monitoring sales trends and strengthening supervision to ensure banks are not misleading consumers into believing complex, non-guaranteed products are principal-guaranteed.

Woori Financial Group Inc. (WF) - PESTLE Analysis: Environmental factors

Targeting carbon neutrality by 2050 under the Plan Net-Zero vision.

Woori Financial Group has anchored its environmental strategy to its 'Plan Net-Zero' vision, committing to achieving group-wide carbon neutrality by 2050. This is a critical strategic alignment with the global goal of limiting warming to 1.5°C, and the Group's targets have been validated by the Science Based Targets initiative (SBTi). The strategy is two-pronged, addressing both direct operational emissions and the far larger category of financed emissions (Scope 3), which represents the carbon footprint of their lending and investment portfolio.

The Group's commitment includes a significant financial pledge to support the transition to a low-carbon economy. As part of its mid- to long-term ESG goals, Woori Financial Group aims to provide KRW 100 trillion in ESG finance by 2030, covering green products, loans, investments, and the issuance of ESG bonds.

Aim to reduce internal GHG emissions by 42% by 2030 from the 2022 baseline.

The near-term, actionable targets demonstrate a clear focus on measurable decarbonization. The Group is set to reduce its internal greenhouse gas (GHG) emissions (Scope 1 and 2) by 42% by 2030, using the 2022 emissions level as the baseline. This internal baseline stood at approximately 71,428 tons of CO2eq (carbon dioxide equivalent) in 2022. This is a hard, absolute contraction target, meaning it's not tied to revenue growth, which is defintely a stronger commitment.

More impactful is the target for financed emissions, which the Group aims to cut by 27% by 2030 from the 2022 baseline. This is where the real risk and opportunity lie for a financial institution. For context, in June 2023, the Group's calculated financed emissions amounted to 46.26 million tons of CO2eq, based on a financial asset portfolio of KRW 207 trillion.

Emission Category	2022 Baseline (Approximate)	2030 Reduction Target	Net-Zero Goal
Internal GHG Emissions (Scope 1 & 2)	71,428 tCO2eq	42% reduction	Net Zero by 2044
Financed Emissions (Scope 3)	N/A (Calculated at 46.26 million tCO2eq in June 2023)	27% reduction	Net Zero by 2050

Requires full beef and soy supply chain traceability by 2025 for high-risk clients.

While the specific 2025 deadline for beef and soy traceability is not explicitly detailed in public reports, the Group is actively managing environmental risks in high-impact sectors through robust exclusion and due diligence policies. They apply an exclusion strategy for bond underwriting in industries considered to have significant negative environmental impacts, such as coal and petroleum. This negative screening is a core component of their Environmental & Social Risk Management Framework (ESRM).

The Group has also joined the Taskforce on Nature-related Financial Disclosures (TNFD) and is participating in developing its recommendations, which signals a forward-looking focus on biodiversity and deforestation risks beyond just carbon. Their engagement includes:

• Conducting a preliminary feasibility study for a REDD+ project (Reducing Emissions from Deforestation and Forest Degradation) in Cambodia in 2022.
• Joining the UNEP FI Finance Leadership Group on Plastics in January 2023 to address pollution and the circular economy.
• Applying the Equator Principles to large-scale project financing to minimize environmental and social risks.

This shows a clear, albeit evolving, focus on the nature-related risks inherent in financing agriculture and other land-use sectors, which will inevitably lead to stringent traceability requirements for high-risk clients.

Screening loans based on ESG factors and K-Taxonomy Guidelines.

Woori Financial Group systematically integrates environmental criteria into its core business through the Environmental & Social Risk Management Framework (ESRM). This framework dictates that all loan screening and credit assessments must incorporate ESG factors, including ethics, safety, environment, and labor conditions. The sustainability of a potential borrower is reviewed for risk, and these identified risks are included in the Group's overall risk management model.

The key mechanism for defining 'green' and 'transition' finance is the application of the Korean Green Taxonomy (K-Taxonomy) Guidelines. This national classification system helps the Group identify and support economic activities that are genuinely environmentally friendly, which is crucial for preventing greenwashing (false claims of environmental performance). As of the end of 2022, the Group's balance of ESG-related loan products reached KRW 52,392 billion. This is the quick math on their current green portfolio size. The shift from a general 'do no harm' approach to actively supporting K-Taxonomy-aligned transition finance is a major environmental opportunity for the Group.