Woori Bank Selected as Main Bank for Korea Institute of Drug Safety & Risk Management

[Asia Economy Reporter Kim Min-young] Woori Bank announced on the 24th that it has signed a main banking agreement with the Korea Institute of Drug Safety & Risk Management.

It was selected as the main bank of the Korea Institute of Drug Safety & Risk Management through a public bidding held on the 28th of last month. The contract period is until December 31, 2025.

Under this agreement, Woori Bank will perform tasks such as supporting the fund management of the Korea Institute of Drug Safety & Risk Management for five years, providing asset management (WM) consulting to its executives and employees, and offering financial services including opening payroll accounts and personal finance.

The Korea Institute of Drug Safety & Risk Management is a public institution under the Ministry of Food and Drug Safety that collects, manages, analyzes, evaluates, and provides various information related to the safety of pharmaceuticals and other products.

A Woori Bank official said, “We will provide excellent fund management systems and differentiated financial services,” adding, “We will faithfully fulfill our role as a financial partner for the institute that protects the health and safety of the public through proactive drug safety management.”

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