Woori, MSCI Chiefs Discuss Climate, AI Finance
Woori Financial Group Chairman Yim Jong-ryong met Henry Fernandez, chairman and CEO of global investment information provider MSCI, at the group’s headquarters in Jung-gu, Seoul, on Nov. 5 to discuss the impact of climate change and artificial intelligence on the financial industry and possible resp
On November 5, Woori Financial Group Chairman Yim Jong-ryong met with Henry Fernandez, CEO of MSCI, at the company's headquarters in Seoul. The purpose of the meeting was to discuss the effects of climate change and artificial intelligence on the financial sector and explore potential response strategies. The meeting aimed to reaffirm the role of financial institutions in supporting corporate low-carbon transition and technological innovation amidst a rapidly evolving global financial landscape.
Yim introduced Daehan Cheonil Bank, Woori Financial's predecessor, and highlighted its founding philosophy of providing funds required for national economy and industrial development, which continues into today's productive finance, inclusive finance, and ESG finance. He emphasized his commitment to significantly boosting financial support for green industries based on the group's financial capabilities in line with the government's Korean-style Green Great Transformation (K-GX) strategy.
Woori Financial has set a target of providing W100 trillion (approximately $72.5 billion) in ESG finance by 2030, with its cumulative performance reaching W67 trillion (around $48.58 billion) as of the end of 2025.
The financial group aims to go beyond mere fund provision, serving as a catalyst to help companies smoothly transition to a low-carbon economy. Woori Financial is expediting the adoption of AI to enhance the efficiency of financial operations. Currently, the company operates the K-Taxonomy Expert Consultation AI Service, which supports the review process to determine whether corporate activities comply with the Korean Green Taxonomy.
By leveraging this technological support, Woori Bank issued green loans aligned with relevant standards amounting to W180.0 billion (about $130.5 million) by the end of September 2026.
During the meeting, Yim Jong-ryong expressed that the dialogue provided an excellent opportunity to exchange views on global financial issues such as climate change and AI. He added that the group would continue to support companies' low-carbon transition while pursuing companywide business innovation and productivity improvement through AI.
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