d housing. The activities of the National Housing Fund are funded primarily by the issuance of national housing bonds, which must be purchased by persons and legal entities wishing to make real estate-related registrations and filings, and by subscription savings deposits held at the National Housing Fund. Bancassurance The company markets a range of bancassurance products. The company has bancassurance marketing arrangements with 26 insurance companies, including Samsung Life Insurance, Samsung Fire and Marine Insurance, Hanwha Life Insurance, Hyundai Fire and Marine Insurance and American International Assurance; and plans to enter into additional insurance product marketing arrangements with other major insurance companies whose names and reputation are likely to be familiar to its customer base. Private Equity The company established Woori Private Equity Co., Ltd. with the aim of strengthening its principal investment operations. Woori Private Equity seeks to make long-term and strategic investments in buyout target companies, as well as actively involving itself in their management. This involves identifying potential investees suffering from inefficient management and effecting financial restructuring and strategic reorientation in those investees so as to improve their enterprise value. Strategy The key elements of the company’s strategy are to further improve its asset quality and strengthen its risk management practices; improve customer profitability through optimization of channel usage, products and services for each customer segment; and develop and increase productivity of its professional workforce. Regulation The company’s securities investments are subject to various regulations, including limitations prescribed under the Bank Act. Significant Events In September 2015, Standard Bank has announced that it has entered into a trilateral business cooperation. The bank said that it has signed a trilateral business cooperation agreement with Woori Bank and the Industrial and Commercial Bank of China (ICBC). The deal is intended help to promote mutual cooperation to expand business in Africa. History Woori Bank Co., Ltd. was founded in 1899. The company was incorporated under the laws of Korea in 1911.
woori bank - spon adr
(WF:New York Consolidated)
Phone: 82 2 2002 3000
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