National Pension Service Selects Woori Bank as Preferred Negotiation Partner for Main Banking Services

[Asia Economy Reporter Song Seung-seop] It was confirmed on the 26th that Woori Bank was selected as the preferred negotiation partner for the National Pension Service's main bank, following 2018.

After completing the main bank contract through procedures such as on-site inspections by the National Pension Service, Woori Bank will serve as the main bank for three years from March next year to March 2026. The contract can be extended up to a maximum of five years through annual evaluations. Woori Bank will be responsible for overall fund management tasks such as cash settlement deposits and withdrawals, treasury payments, daily deposit management, as well as institutional operations including pension payments and corporate card management.

A Woori Bank official stated, “The stable operation of the National Pension Service's main bank duties over the past five years, along with successful performance as a foreign currency vault bank and stock custody bank, received favorable evaluations,” adding, “We will continue close cooperation as a future partner of the National Pension Service.”

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