Woori Financial Group, Woori Financial Capital and Two Other Subsidiaries Relocate to Integrated Office Building

Establishment of Integrated Hub for Capital, Savings Banks, and Asset Trusts
Enhancing Operational Efficiency in Banking and Non-Banking Sectors

[Asia Economy Reporter Kim Jin-ho] Woori Financial Group announced on the 31st that it will consolidate and relocate three subsidiaries to the Samjeong Building in Yeoksam-dong, where the Woori Bank Seolleung Financial Center is located, to enhance synergy between banking and non-banking sectors.

First, Woori Asset Trust completed its relocation on the 29th. Woori Financial Capital and Woori Financial Savings Bank are also scheduled to move in sequentially during September.

Since acquiring Woori Financial Capital and Woori Financial Savings Bank, Woori Financial Group has been searching for a Gangnam office building to serve as an integrated base. The integrated office is located at the intersection of Teheran-ro and Eonju-ro, a major transportation hub, maximizing customer convenience.

The subsidiary consolidation and relocation is part of establishing a stable collaboration system to create group synergy in the third year since the holding company’s launch. Through collaboration between Woori Bank and other subsidiaries, various synergy effects are expected in consumer finance, real estate investment, project financing (PF), and collateral trust sectors.

Additionally, improvements in office space will enhance work efficiency and customer service, as well as reduce costs through shared use of major facilities.

A Woori Financial Group official explained, “The integrated relocation to the Gangnam office has created conditions to elevate synergy and competitiveness between the banking and non-banking sectors to the next level.”

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