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BackWoori, MSCI chiefs discuss climate and AI
Woori, MSCI chiefs discuss climate and AI
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Korea Herald44 minutes agoBusiness1 min readSouth Korea

Woori, MSCI chiefs discuss climate and AI

woori financial groupmsciyim jong-yong

Quick Look

  • Woori Financial Group Chairman Yim Jong-yong met MSCI Chairman and CEO Henry Fernandez in Seoul to discuss climate change and AI's impact on finance.
  • Woori targets 100 trillion won in ESG financing by 2030 and uses AI to assess green taxonomy compliance and streamline lending.

AI-generated summary

Why It Matters

Woori Financial Group is expanding financing for companies' low-carbon transition and adopting AI to streamline lending assessments. The group targets 100 trillion won in ESG financing by 2030, having provided 67 trillion won cumulatively by end of 2025.

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Woori Financial Group Chairman Yim Jong-yong met Henry Fernandez, chairman and chief executive of global index provider MSCI, in Seoul on Thursday to discuss climate change and artificial intelligence's impact on finance.

The meeting at Woori's headquarters covered financial firms' responses to both trends, as the Korean banking group expands financing for companies' low-carbon transition and adopts AI to streamline lending assessments.

Woori targets 100 trillion won ($73.7 billion) in environmental, social and governance financing by 2030, having provided a cumulative 67 trillion won by the end of 2025. It plans to use its corporate banking capabilities to increase funding for low-carbon projects and green industries, supporting the government's green transition strategy.

The group is also using an AI advisory service to help assess whether companies' activities qualify under Korea's green taxonomy, which defines environmentally sustainable economic activities. The service helps streamline loan reviews.

Woori Bank had extended 1.8 trillion won in green loans meeting those standards as of September.

"This meeting was an opportunity to exchange views on global financial issues, including climate change and AI," Yim said. "Woori Financial will support companies' low-carbon transition and continue using AI to improve operations and productivity."

Open Questions

  • What specific AI advisory service is Woori using?
  • What was the outcome of the meeting between Yim Jong-yong and Henry Fernandez?
  • How much of the 100 trillion won target remains to be deployed?

Related Topics

woori financial group
PeopleYim Jong-yongHenry Fernandez
OrganizationsWoori Financial GroupMSCIWoori Bank
PlacesSeoul
Topicsmsciyim jong-yonghenry fernandezesg financinggreen taxonomyai advisory
This article was originally published by Korea Herald.

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