Woori Bank (NYSE: WF) is a leading South Korean commercial bank and a principal subsidiary of Woori Financial Group. Headquartered in Seoul, the institution provides a comprehensive range of financial products and services to both individual and corporate clients. Its core offerings include retail banking, corporate and institutional banking, wealth management, trade finance and international remittance services. Woori Bank leverages an extensive domestic branch network alongside digital platforms to serve millions of customers across South Korea.
Tracing its origins back to the late 19th century, Woori Bank evolved through a series of mergers and reorganizations during the Asian financial crisis of the late 1990s. In 2001, the bank became part of the newly formed Woori Financial Group, which spurred a strategic refocus on global expansion and modern banking practices. Over the years, the institution has undertaken significant digital transformation initiatives, including the launch of mobile and online banking services to meet the changing needs of a technologically savvy clientele.
On the international front, Woori Bank maintains branches and representative offices in major financial centers such as New York, London, Hong Kong and Singapore, enabling cross-border banking solutions, foreign exchange transactions and trade support for Korean exporters and multinational corporations. The bank’s international network complements its domestic operations, positioning it as a key player in facilitating global trade and investment flows related to South Korea’s economy.
Governed by a board of directors and overseen by an executive management team, Woori Bank adheres to rigorous corporate governance standards, with an emphasis on risk management and regulatory compliance. Its leadership structure is designed to foster transparency and accountability, while strategic priorities include enhancing customer experience, driving digital innovation and reinforcing its commitment to sustainable finance and community development.
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