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Woori Bank Co., Ltd.
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Woori Bank Co., Ltd.

by Jennifer DemirJune 3, 2017
Overview
Founded

1899

Headquarters

Seoul, South Korea

Phone Number

82 2 2002 3000

Website

https://spot.wooribank.com/

Woori Bank Co., Ltd.

Woori Bank Co., Ltd., together with its subsidiaries, provides commercial banking products and services to individuals, small- and medium-sized enterprises, and large corporations in South Korea. It operates through six segments: Consumer Banking, Corporate Banking, Investment Banking, Capital Markets, Credit Card, and Other Operations. The company accepts demand, time, saving, and installment deposits, as well as certificates of deposit. It also offers working capital, facilities, general purpose household, mortgage, and home equity loans. In addition, the company provides financial and real estate advisory, electronic banking, automated telephone banking system, mobile banking, and online escrow services, as well as Win-CMS, an electronic cash management system and in-house banking platform; credit cards; and securities investment and trading, derivatives trading, asset securitization, and investment banking services. Further, it offers international banking services, including foreign exchange and dealing, import and export-related services, offshore lending, syndicated loans, and foreign currency securities investment, as well as commercial banking services to retail and corporate customers; and asset management services, such as trust management, and trustee and custodian services relating to securities investment trusts. Additionally, the company is involved in the management of National Housing Urban Fund; and development and maintenance of system software, as well as in bancassurance, private equity, finance, and other credit finance credit information businesses. As of December 31, 2016, it had a total of 894 branches and offices in Korea; and 22 branches and offices internationally. Woori Bank Co., Ltd. was founded in 1899 and is headquartered in Seoul, South Korea.

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About The Community Member
Jennifer Demir
History of banking: Banking began with the first prototype banks of merchants of the ancient world, which made grain loans to farmers and traders who carried goods between cities. This began around 2000 BC in Assyria and Babylonia. Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans and added two important innovations: they accepted deposits and changed money. Archaeology from this period in ancient China and India also shows evidence of money lending activity...

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