Woori Bank Signs Business Agreement with Three Hanwha Financial Group Companies to Promote Digital Business
Woori Bank signed a business agreement to promote digital projects with three Hanwha Financial affiliates on the 9th at the Woori Bank headquarters located in Hoehyeon-dong, Jung-gu, Seoul. Kwon Kwang-seok (center), President of Woori Bank, Yeo Seung-joo (left), CEO of Hanwha Life, and Kwon Hee-baek, CEO of Hanwha Investment & Securities, are taking a commemorative photo.
View original image[Asia Economy Reporter Jin-ho Kim] Woori Bank announced on the 12th that it has signed a 'Business Agreement for Promoting Digital Projects' with three Hanwha Financial affiliates.
The signing ceremony, held on the 9th at Woori Bank's headquarters in Jung-gu, Seoul, was attended by Kwon Kwang-seok, President of Woori Bank; Yeo Seung-joo, CEO of Hanwha Life Insurance; Kwon Hee-baek, CEO of Hanwha Investment & Securities; Lee Chang-hee, Head of New Business Division at Hanwha Life Insurance; and Choi Young-jin, Head of Personal Solutions at Hanwha Asset Management.
Through this agreement, the parties agreed to actively cooperate in various fields including promoting new digital businesses, joint marketing to activate multilateral services, securities partnership services, joint product development, and investment. The first joint project will be to integrate Hanwha Investment & Securities' stock investment service into Woori WON Banking, providing domestic and international listed stock trading services.
Additionally, the business will expand to include ▲global cooperation with Hanwha Financial affiliates such as Hanwha Investment & Securities and Phintrie Securities (Vietnam), ▲joint marketing for new insurance products and services of Hanwha Life Insurance, ▲development of pension products and joint marketing through partnerships with Hanwha Asset Management, and ▲joint investment in promising domestic and international digital/IT companies. To this end, each company will form a joint consultative body composed of working-level personnel to maintain close cooperation.
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Kwon Kwang-seok, President of Woori Bank, stated, "Through this agreement, we expect continuous synergy by expanding the financial business portfolio with Hanwha Financial affiliates and leading digital finance both domestically and internationally.”
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