Finance
Woori Bank expands non-face-to-face trade services to boost convenience for importers
Woori Bank said on Jan. 5 it will launch a service allowing corporate customers to apply non-face-to-face for an “import cargo delivery guarantee” through corporate internet banking. Importers can enter import transaction information and upload supporting documents instead of visiting branches. Customers can check processing status and results in real time and print the guarantee once review is completed to submit it to shipping companies or agents for faster cargo release. The bank said it also enables other import letter of credit tasks to be handled online.