Woori Bank Opens Asia Regional Headquarters in Singapore to Strengthen Global IB Competitiveness

Overseeing Seven Local Channels Across Asia
Establishing a Global Hub
Enhancing Capabilities in Corporate Finance and Investment Banking
Expanding Local Business Synergy

Woori Bank is establishing its Asia Regional Headquarters in Singapore to strengthen its competitiveness in the global investment banking (IB) sector. By setting up a regional hub that oversees major Asian footholds, the bank aims to enhance local business synergy in corporate finance and investment banking divisions.

On May 26, Woori Bank held the opening ceremony for its Asia Regional Headquarters in Singapore, the financial center of Asia, according to an announcement on May 28. Woori Bank established the Asia Regional Headquarters in Singapore in January. The Asia Regional Headquarters oversees four branches—Singapore, Hong Kong, Tokyo, and Sydney—as well as three local subsidiaries in Vietnam, Indonesia, and Cambodia. It will serve as a global hub, responsible for executing business strategies in Asia and facilitating collaboration among different channels.

The opening ceremony was attended by Hyunki Jeon, Head of Global Group at Woori Bank, and Wonkyung Choi, Head of Asia Regional Headquarters at Woori Bank, as well as key executives from global financial institutions such as DBS, Goldman Sachs, MUFG, and JP Morgan, and the head of the National Pension Service’s Singapore office.

With the establishment of the regional headquarters, Woori Bank plans to strengthen its competitiveness in corporate finance and investment banking work, focusing on corporate clients operating in Asia. By leveraging its own evaluation personnel, the bank will enhance both the expertise and speed of local decision-making, while also responding to on-site IT and digital support needs at Southeast Asian local subsidiaries.

The Asia Regional Headquarters will also play a role in organically connecting business channels across countries. The core goal is to identify demand for corporate finance in the region and expand the global revenue base by linking it with the investment banking division. Through these efforts, Woori Bank intends to simultaneously strengthen qualitative growth and risk management capabilities in the Asian market.

Tae Soo Kim, Head of Global Strategy at Woori Bank, stated, “The Asia Regional Headquarters is an organization established to enhance the execution of strategies in our Asian operations, improve work efficiency, and strengthen soundness and risk management. We will continue to do our utmost to expand our global revenue base and achieve solid qualitative growth.”

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