Woori Bank Launches Internet Trade Finance Execution Service, First in Financial Sector

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 8th that it will launch the 'Internet Trade Finance Execution Service,' allowing customers to directly execute trade finance loans through internet banking for the first time in the financial sector.

Previously, customers could apply for trade finance loans via internet banking, but the loans were executed only after branch review, causing waiting times and limiting application hours to the bank's business hours.

The Internet Trade Finance Execution Service processes loans in real-time without going through branches. Application hours have also been extended from 9 a.m. to 11 p.m. on bank business days, improving customer convenience.

Customers can apply to use the Internet Trade Finance Execution Service if they have signed the 'Performance-based Comprehensive Finance and Producer Fund Trade Finance Agreement' at a Woori Bank branch. Detailed information is available at Woori Bank branches.

A Woori Bank official stated, "Along with enhancing customer convenience, the efficiency of bank operations has also improved," adding, "We will continue to launch convenient and fast non-face-to-face financial services in the untact era."

This content was produced with the assistance of AI translation services.