Woori Bank (formerly known as Hanvit Bank) is one of the largest banks in South Korea in terms of assets. The Bank was founded in 1899 and provides a wide range of commercial, retail and investment banking services through more than 1,000 domestic and 15 international branches. In May 2009, Woori Bank became the first Korean bank to issue UnionPay debit cards in China. In March 2010, it became the first foreign bank to issue Shanghai Tourism Cards in mainland China. Woori Bank operates as a subsidiary of the Woori Financial Group (WFG), the largest financial institution in South Korea. WFG was formed in 2001 from the forced merger of 4 commercial banks and an investment bank: Hanvit Bank (now Woori Bank), Kyongnam Bank, Kwangju Bank, Peace Bank, and Hanaro Merchant Bank. The South Korean government owns about 56% of the Group. Woori Financial Group offers products and services through over 1,200 branches of Woori Bank, Kwangju Bank, and Kyongnam Bank. Most of these are Woori Bank branches. Kwangju Bank and Kyongnam Bank are premier class local banks well-equipped with high market share and profitability. They provide region-based community services, which cannot be offered by mega-banks. As of June 30, 2011, Woori Financial Group had total assets of over US$283 billion.
Woori America Bank is wholly-owned subsidiary of Woori Financial Group. It was established in January 1980 under the name of Korea Commercial Bank of New York. The Bank provides a broad range of personal and commercial banking services including deposits, credit and debit cards, commercial, trade finance and working capital loans.
Head office address:
Woori America Bank
New York, NY 10001
Hours: 8:30 AM - 5:00 PM (Mon-Fri)
Phone: (212) 244-1500
Fax: (212) 695-5593