Woori Bank Signs Business Agreement with Korea Investment Corporation... Strengthening Overseas Expansion and Investment

▲Kwon Kwang-seok (right), President of Woori Bank, and Choi Hee-nam (left), President of Korea Investment Corporation, are posing for a commemorative photo at the 'Business Partnership Agreement Ceremony for Overseas Investment Cooperation' held on the 8th at the Woori Bank headquarters Gwangtonggwan in Jung-gu, Seoul. (Provided by Woori Bank)

[Asia Economy Reporter Wondara] Woori Bank has signed a Memorandum of Understanding (MOU) with Korea Investment Corporation to strengthen its overseas business expansion and investment.

Woori Bank announced on the 9th that it signed an 'MOU for Joint Discovery of Overseas Business and Investment Cooperation' with Korea Investment Corporation at its headquarters in Hoehyeon-dong, Jung-gu, Gwangtonggwan.

According to the agreement made the previous day, Woori Bank plans to combine its 447 global networks with Korea Investment Corporation's overseas investment experience to strengthen overseas business expansion and investment, including real estate, infrastructure assets, participation in syndicated loans, and securing global investment banking (IB) capabilities. The signing ceremony was attended by key officials from both companies, including Kwon Kwang-seok, President of Woori Bank, and Choi Hee-nam, President of Korea Investment Corporation.

A Woori Bank official said, "Through this agreement, we expect to diversify assets under management in overseas investment and improve profitability," adding, "Woori Bank will continue to secure a stable profit base by discovering continuous overseas cooperative projects."

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