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| Woori Bank headquarters |
Woori Bank Co., Ltd is one of the leading commercial banks in South Korea with over 15,000 employees. It was established in 1899 and provides a wide range of commercial, retail and investment banking services to more than 21 million customers through about 900 domestic branches, 10 overseas subsidiaries, 19 overseas branches and 250 contact points internationally. It has the largest global network of all Korean banks. In May 2009, Woori 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. In 2014, Woori sold two regional banks (Kwangju Bank and Kyongnam Bank) and six non-banks subsidiaries: Woori Investment & Securities, Woori Aviva Life Insurance, Woori FG Savings Bank, Woori Asset Management, Woori Financial and Woori F&I. In November 2014, Woori Finance Holdings Co. was absorbed into Woori Bank. As of September 30, 2017, the company had total assets of 317.875 trillion won (US$277 billion), loans of 267 trillion won, deposits of 226.3 trillion won and shareholders’ equity of 17.4 trillion won. In 2016, KDIC sold of 29.7% stake in Woori Bank
New Post-privatization Shareholders Structure:
KDIC (Korea Deposit Insurance Corp) - 18.52%
NPS (National Pension Service) - 9.45%
Foreigner - 26.26%
ESOA (Employee Stock Ownership Association) - 5.46%
Minority Shareholders - 12.13%
IMM, Tongyang Life, Kiwoom Securities, Hanwha Life, Korea Investment & Securities, Mirae Asset, Eugene Asset - approx. 28%
Head office address:
51, Sogong-ro
Hoehyeon-dong 1-ga
Jung-gu, Seoul
04632, South Korea
Phone number: +82 2 2002 3000
Website: www.wooribank.com