Woori Financial
Woori Financial Group is a South Korean bank and financial services company. It is the largest bank is South Korea.
It was formed through the merger of four commercial banks and one investment bank in 2001: Commercial Bank of Korea, Hanil Bank, and Peace Bank of Korea were three of these entities. The government have taken and recapitalized the said institutions after they all fell below the capital adequacy ratio following the Asian Financial Crisis.
South Korea’s major banks saw average lending rate fall in January
This is the second consecutive month of decline.
South Korea’s major banks saw average lending rate fall in January
This is the second consecutive month of decline.
Korea’s Woori Financial Group logs 19% lower net income in 2023
Dividend income was 50% higher, however.
Korea’s Woori Bank faces lower profits, rising credit costs in 2024
Capitalisation, funding, and liquidity are expected to remain stable.
South Korea’s new capital buffers to strengthen banking system’s resilience
No capital raising or sheet adjustment is expected from the country’s biggest banks.
Korean banks' plan to boost shareholder returns won't affect profits
The regulator is expected to stop any excessive payments.
South Korean banks’ NIMs to support stable profitability in H2
The four biggest banks’ NIMs climbed to levels higher than pre-COVID.
Asset quality of South Korea’s big banks to remain supported as interest rate rise
But bad loans are expected to rise moderately.
Woori Bank probed for alleged irregular foreign currency transactions: report
Sources said that the deals, worth billions of won, were executed over the past year.
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The bank has been a digital and transformation pioneer in the industry.
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