Woori Bank Offers Customized Financial Services for Private School Faculty’s Welfare and Secure Retirement

Development of Customized Products and Services
Establishment of a Dedicated Consultation Center for KTP

On December 4, Woori Bank announced that it had signed a Memorandum of Understanding (MOU) with the Korea Teachers’ Pension (KTP) on December 3 to promote the welfare of private school faculty and pension recipients.

The signing ceremony, held at Woori Bank’s headquarters, was attended by Woori Bank CEO Chung Jinwan, KTP President Song Hajung, and other key officials from both organizations.

Going forward, the two organizations will collaborate on developing financial products and services to improve the welfare of private school faculty and ensure a stable retirement life after leaving their positions. They also plan to work together in various areas, such as providing practical assistance through pension and financial consulting by Woori Bank’s experts and conducting joint marketing for everyone from new entrants to the workforce to mid- and late-career faculty approaching retirement.

To this end, Woori Bank plans to offer customized financial services throughout the life cycle, including: expanding exclusive products for active faculty; providing non-face-to-face processes through Woori WON Banking; increasing benefits for KTP pension recipients; IT collaboration including the establishment of dedicated networks and servers; and the creation of a dedicated financial consultation center for KTP.

In addition, to commemorate the business agreement and the renewal of PPL products for private school faculty and pension recipients, a special event will be held, with the first phase running until the end of January next year. Customers who review the renewed products on the KTP website or Woori WON Banking and agree to marketing communications will be entered into a drawing to win prizes such as a 10g gold bar (1 winner), a 100g silver bar (3 winners), and a Starbucks 30,000 KRW coupon (300 winners). In addition, the first 2,000 customers will receive a Woori Bank New Year’s gift set on a first-come, first-served basis.

Chung Jinwan, CEO of Woori Bank, stated, “We plan to provide the best services and products as a new financial partner for the faculty members who have contributed to the advancement of education in our society,” adding, “Through customized financial services in collaboration with KTP, we will strive to enhance the welfare of faculty and support a happy retirement.”

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