Woori Bank

Woori Bank
Native name
주식회사 우리은행
FormerlyHanvit Bank
Company typeSubsidiary
IndustryFinancial services
Founded30 January 1899; 125 years ago (1899-01-30)
HeadquartersJung-gu, ,
South Korea
Area served
Worldwide
Key people
Kwang-Seok Kwon, (President & Chief Executive Officer)
Byeong-Yong Jang (Standing Audit Committee Member/Director)
Products
RevenueIncrease ₩12,532 billion (FY 2019)[1]
Increase ₩2,800 billion (FY 2019)[1]
Decrease ₩2,038 billion (FY 2019)[1]
Total assetsIncrease ₩361,981 billion (FY 2019)[1]
Total equityIncrease ₩25,493 billion (FY 2019)[1]
Number of employees
15,529 (2019)[1]
ParentWoori Financial Group
RatingMoody's: A1
S&P: A
Fitch: A-
Websitego.wooribank.com

Woori Bank (Korean: 우리은행, romanizedUri Eunhaeng, lit.'Our Bank') is a Korean multinational bank headquartered in Seoul. It is one of the four largest domestic banks in South Korea and has a strong presence in commercial banking and corporate finance in the Republic of Korea. Tracing its roots to the Daehan Cheon-il Bank, founded in 1899, it went through multiple transformations until adopting its current name in 2002. By then, it was South Korea's second-largest bank, behind Kookmin Bank.[2]: 35 

Woori Bank is known as the first South Korean bank to support web browsers other than Internet Explorer for online banking[3][4] in Korea.

As of 2020, Woori ranks 95th among the largest banks in the world in terms of total assets with 311,852 billion in USD as of the end of 2019.[citation needed]

  1. ^ a b c d e f "Woori Financial Group Inc. 2020 Annual Report (Form 20-F)". sec.gov. United States Securities and Exchange Commission. Retrieved 15 August 2020.
  2. ^ Takatoshi Ito and Yuko Hashimoto (5 February 2007), Bank Restructuring in Asia: Crisis management in the aftermath of the Asian financial crisis and prospects for crisis prevention -Korea- (PDF), Tokyo: RIETI
  3. ^ 이 (Lee), 현정 (Hyeon-jeong) (2010-07-08). 우리銀, '우리오픈뱅킹 서비스' 실시. 아시아 경제 (Asian Economics) (in Korean). Retrieved 2010-07-13.
  4. ^ "우리은행". Archived from the original on 2011-07-18. Retrieved 2010-07-13.