History

As the first financial group listed in Korea, Woori Finance Group established the foundation of Korean modern finance and led financial history by opening the first foreign branch.

 

2019

01

Inauguration of the Woori Finance Group

2018

12

Reached 300 Global Networks

11

Acquired the certificate of incorporation of financial holding company

Selected as Best Bank in South Korea 2018 by The Banker

10

Acquired approval for European subsidiary

Putting forth the best current net income accumulated for three quarters

06

Took over VisionFund Cambodia and changed name to WB Finance

05

Opened the Ta Khon II Woori Finance Branch in Myanmar

Built and activated a next generation computer system, WINI (Woori Innovative New Infra)

03

Introduced Big Eye, a management consulting system utilizing big data (first in Korea)

Signed a strategic alliance contract with Aberdeen Standard Investments in UK

02

Launched WiBee Homes, a real estate information platform

01

Selected as secretary trustee bank of the Housing and Urban Fund of the Ministry of Land, Infrastructure and Transport

Opened Incheon International Airport 2nd Terminal branch

2017

12

Son Tae Seung appointed 51th chairman of Woori Bank

11

Selected as Best Bank in South Korea 2017 by The Banker

10

Selected as major bank of the National Pension Service

06

Selected as Best Transaction Bank and awarded as Best Fund Management Bank by The Asian Banker

02

Opened first Woori bank Office in Katowice, Poland

01

Selected as Best Wealth Management Provider 2016 by World Finance of the UK (first in Korea)
Awarded in Korea as Best Wealth Management Provider

2016

12

Selected as Best Bank in South Korea 2016 by The Banker

11

Privatized in 16 years

10

Acquired preliminary approval in Vietnam

09

First in Korea to issue $500 million Foreign Currency Hybrid Bond (CoCo bond)

06

First in Korea to launch Offshore Foreign Currency Liquidation Service

05

Opened Iran office in Teheran (first among Korean financial institutions)

02

WiBee Bank introduced in Indonesia, Vietnam, and Brazil

2015

11

Opened Woori Finance Myanmar, Global Network no. 200 (first in Korea)

09

Launched “WiBee Bank Cambodia” for first overseas expansion

05

Launched the first mobile-only bank in Korea, WiBee Bank

04

Awarded Best Cash Management Bank and Sub-Custodian Bank of the Year in South Korea by The Asian Banker

02

Officially launched PT. Bank Woori Saudara Indonesia

2014

12

Acquired final approval to merge PT. Bank Woori Indonesia with Saudara Bank

11

Woori Finance Holdings Co., Ltd. merged with Woori Bank (listing resumed November 19)

06

The Woori Bank establishment documents, “Establishment & Accounting for Daehan Cheon Il Bank”, designated as National Archives of Korea No. 11

05

Awarded as “Korea’s Top Bank in Money Management” by The Asian Banker

04

Became the first domestic bank to issue Basel III subordinated debt in foreign currency (USD 1 billion)

01

Acquired final approval to take over Indonesia Saudara Bank

2013

12

Awarded Grand Prize of Inclusive Finance by the Financial Supervisory Service

2012

11

Awarded first Grand Prize of Financial Consumer Protection by the chairman of the Financial Services Commission

09

Established local business corporation of Woori Bank in Brazil

08

Established local branch in Brazil

04

Awarded as Best Bank in Korea by The Asian Banker for two consecutive years

2011

11

Selected as “Best Bank in Korea 2011” by The Banker for two consecutive years

04

Awarded as Best Bank in Korea for Foreign Currency Department by The Asian Banker

2010

11

Woori Bank IT Department acquired "ISO 27001 Certification" in all departments

03

China Woori Bank qualified for "international settlement of yuan" as the first Korean bank

2009

01

Woori Bank establishment documents, “Establishment & Accounting for Daehan Cheon Il Bank”, designated as Seoul Tangible Cultural Property No. 279

2008

11

Selected as “Best Bank in Korea” by The Banker for two consecutive years

01

First among Korean financial institutions to establish local business corporation in Russia

2007

11

Established local business corporation, Woori Bank (China) Limited

01

Awarded 2006 Deal of the Year by The Asset

2006

12

Established Hong Kong Woori Investment Bank

2005

11

Opened Woori Finance Plaza, the first comprehensive finance center in Korea

2004

12

First to open Kaesong Industrial Complex Branch after the division of Korea

07

Opened Bank History Museum, the first museum in Korea to specialize in bank history

2003

08

Acquired the FRB approval for taking over Panasia Bank in the US

06

Opened office in Moscow

2002

12

Opened Ho Chi Minh branch in Vietnam

05

Changed name to Woori Bank and CI (corporate identity)

2001

12

Division-merger with Peace Bank of Korea

04

Inaugurated Woori Finance Group

1999

12

Finished building Hoehyun-dong main office and relocation

01

Merger of Commercial Bank of Korea and Hanil Bank; inauguration of Hanbit Bank

1982

02

First in Korea to install online ATM (Hanil Bank)

1977

09

First in Korea to start online business between Seoul and Busan (Commercial Bank of Korea)

1968

11

First in Korea to open Tokyo Branch (Hanil Bank)

1959

06

Opened vault for ladies (Commercial Bank of Korea)

1956

03

First public offering on stock exchange

1937

08

Established Jungang Mujin Company (originally Hanil Bank)

1932

12

Established Chosun Trust Company (originally Hanil Bank)

1909

07

Built Gwangtonggwan, the first modern bank building among national banks (currently Woori Bank's Jongno Branch)

1899

01

Established Daehancheonil Bank (originally Commercial Bank of Korea)