apartment application time deposits, apartment application installment savings deposits, apartment application savings account deposits, and apartment application comprehensive deposits. Branch Network and Other Distribution Channels The company had a total of 993 banking branches in Korea as of December 31, 2014. The company also had 7,079 ATMs and 88 cash dispensers. The company’s automated telephone banking system offers various services, including inter-account fund transfers, balance and transaction inquiries and customer service inquiries. The company also operates a call center that handles calls from customers, engages in telemarketing, and assists in its collection efforts. The company’s Internet banking services include balance and transaction inquiries, money transfers, loan applications, bill payment and foreign exchange transactions. The company also develops new products to target different types of customers with respect to its Internet banking services, and has developed a service that enables private banking customers to access their accounts on a Website that provides specialized investment advice. The company also offers online escrow services. In addition, the company provides mobile banking services to its customers, which is available to all its Internet-registered users. These services allow its customers to complete selected banking transactions through major Korean telecommunications networks using their cellular phones or other mobile devices. The company offers new ‘smart banking’ services, which enable users of so-called ‘smart phones’ to access a range of banking and credit card services through their mobile phones. The company’s electronic bill presentation and payment system provides customers with the ability to pay taxes, maintenance fees, and other public fees electronically. The company also offers its ‘Win-CMS’ service to its corporate customers, which provides an integrated electronic cash management system and in-house banking platform for such customers. Credit Cards The company offers credit card products and services mainly to consumers and corporate customers in Korea. Products and Services The company has various principal brands of credit cards outstanding, such as a ‘Woori’ brand; a ‘BC Card’ brand; and a ‘Visa’ brand. The company issues ‘Visa’ brand cards under a non-exclusive license agreement with Visa International Service Association and also issues ‘MasterCard’ and ‘JCB’ brand cards under a non-exclusive, co-branding agreement with BC Card. The company offers different services to holders of its credit cards. Generally, these services include credit purchase services, which allow cardholders to purchase merchandise or services on credit and repay such credit on a lump-sum or installment basis; cash advance services from ATMs and bank branches; and credit card loans, which are loans that cardholders could obtain based on streamlined application procedures. The company offers a range of credit card products within its various brands. Targeted products that the company offers include cards that offer additional benefits, such as frequent flyer miles and award program points that can be redeemed for services, products or cash; gold cards, platinum cards and other preferential members’ cards that have higher credit limits and provide additional services; corporate and affinity cards that are issued to employees or members of particular companies or organizations; and revolving credit cards and cards that offer travel services and insurance. Payments and Charges Revenues from the company’s credit card operations consist principally of cash advance charges, merchant fees, interest income from credit card loans, interest on late and deferred payments, and annual membership fees paid by cardholders. Capital Markets Activities The company engages in capital markets activities for its own account and for its customers. The company’s capital markets activities include securities investment and trading, derivatives trading, asset securitization services and investment banking. Securities Investment and Trading The company invests in a
woori bank - spon adr (WF:New York)
Phone: 82 2 2002 3000
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