| Mobile Web

Search results for Woori

Finance

Securities firms race to expand size amid IMA, investment bank push, raise 8.7 trillion won

South Korean securities firms are accelerating capital expansion as they compete to enter integrated management accounts (IMA) and become comprehensive financial investment businesses. Thirteen brokerages have raised or are seeking 8.705 trillion won this year through rights issues and hybrid capital securities, about twice last year’s total. KB Securities led with 1.7 trillion won. The capital race is tied to rules that expand permitted businesses based on equity levels, including IMA eligibility at 8 trillion won.

Finance

Banks\' digital shift still leaves customer waits and staff burden unchanged

South Korea\'s banking sector is accelerating digital transformation and efficiency drives, but customers and frontline staff still feel the strain, industry sources say. As mobile banking expands, branches, ATMs and headcount are shrinking, concentrating complex tasks at remaining outlets. Customers report difficulty reaching branches by phone and long waits for consultations. From April next year, branch opening time is set to move to 9:30 a.m., cutting daily counter hours by 30 minutes.

People

Woori Financial opens Goodwill Store in Cheongju\'s Heungdeok to expand jobs for people with developmental disabilities

Woori Financial Group opened its second Goodwill Store workplace for people with developmental disabilities in Cheongju, North Chungcheong Province. The new Milal Cheongju Heungdeok branch opened about a year after the Cheongju Sangdang branch. Woori Financial Future Foundation said it held an opening ceremony on Oct. 15. The store is the 18th nationwide backed by Woori. The group is also running donation drives through collection boxes at branches and an October campaign on its WooriWON Banking app.