Woori Bank

Woori Bank is a Korean multinational bank having its headquarters in Seoul. It is one of the largest domestic banks in South Korea and created in 1899. We have 123 years of valuable banking experience and good in offering various services like the Export Finances, Corporate Banking, Private Equity, Investment banking, Loan Services, Multi Market services like Line of Credit, Personal Banking, Project Finance, Multi-currency trading platforms, Current Accounts, Asset Management, Savings Accounts, Credit Card, Insurance, Private Equity, Wealth Management and the Online Banking.

Factsheet of Woori Bank
Bank NameWoori Bank
Founded inJan. 30, 1899
Promoters/foundersJoseon Sangup Bank'(Joseon Commercial Bank) in 1911, then 'Commercial Bank of Korea' in the 1950s. Following the Asian financial crisis, it merged with the former 'Hanil Bank' and 'Peace Bank' to bec
Headquarter Address

Woori Bank
1-203, Hoehyeon-dong
Jung-Goo
Seoul
South Korea

Employee's15530
Type of BankPublic Sector Undertaking (PSU) Bank
Official Websitehttps://www.wooribank.com/
Customer Care Number82-2-2006-5000 (International), 1599-2288

History of Woori Bank

Woori Bank is known the first South Korean bank to rise above the rest and make its mark in various nations of Asia. Furthermore, in the year 1899, it was called 'Daehan Cheon-il Bank' and later renamed to 'Joseon Sangup Bank'(Joseon Commercial Bank) in 1911, then 'Commercial Bank of Korea' in the 1950s. During 1997 there was tremendous financial crisis this bank merged with the former 'Hanil Bank' and 'Peace Bank' to become 'Hanvit Bank'. In 2001, this bank became the member of the Woori Group of Companies and in 2002 it began to be known as the Woori Bank.

This bank is the fourth largest commercial bank located in South Korea to undertake the task of core banking, commercial banking and executing the concept of Corporate Finance. This financial establishment was established on January 30, 1899 and established exactly 123 years ago. As per the world ranking, the Woori Bank is ranked 95th on the list  and the asset value is 311,852 billion in USD as of the end of 2020.

This is the first bank in South Korea to open its branch in North Korea, after the Korean peninsula was split into two parts. We also have branches in India, Burma and Malaysia. In India, the Chennai branch was opened in 2012. 

Subsidiaries of the Woori Bank

The Woori Bank has got many subsidiaries and they are given below as follows:

  • Woori American Bank
  • Woori Bank of Europe.
  • Woori Global Market of Asia
  • Woori Bank of Cambodia Plc.
  • Banko Woori Banco De Brasil.
  • Woori Bank of Vietnam Limited.
  • Woori Private Equity Asset Management.

Banking Services offered by the Woori Bank

There are various banking services given by the Woori Bank and they are as follows:

  • SMS Alerts.
  • Net Banking.
  • Email Alerts.
  • Locker Service.
  • E- Statements.
  • Online Security.
  • Mobile Banking.
  • Savings Account.
  • Current Account.
  • Insurance Services.
  • Cyber Fraud Alerts.
  • Consumer Banking.
  • Deposits Products.
  • Demand Drafts (DD).
  • Transaction Banking.
  • Sustainable Banking.
  • Debt Capital Market.
  • E-Commerce Facility.
  • Asset Management.
  • Wealth Management.
  • Daily Exchange Rates.
  • Foreign Friendly Branches.
  • Passbook Printing Services.
  • Cash Management Services.
  • Foreign Currency Remittance.
  • Personalised Bank Passbook.
  • Debit and Credit Card Services.
  • Loan for Importers and Exporters.
  • Personalised Cheque Book Facility.
  • Corporate salaries of Companies, Hospitals and Organisations.

 Loan and Credit facilities offered by the Woori Bank

  There are various credit and loan services given by the Woori Bank and they are given below as follows:

  • Gold Loan.
  • Term Loan.
  • Vehicle Loan.
  • Housing Loan.
  • Property Loan.
  • Personal Loan.
  • Business Loan.
  • Education Loan
  • Mortgage Loan.
  • Consumer Loan.
  • Agriculture Loan.
  • Educational Loan.
  • Warehouse Loan.
  • New Entities Loan.
  • Working Capital Loan.
  • Overseas Direct Investment.
  • Overdraft against Term Loan.
  • Loans given to Industrial establishments to enhance commercial activities. 

Woori Bank has 4 IFSC connected branches in India. Bank has branches in following states:

  • HARYANA
  • MAHARASHTRA
  • TAMIL NADU

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