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About: Woori Financial Group     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatFinancialServicesCompaniesOfSouthKorea, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:BankOrCreditUnionschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatBanksEstablishedIn2001yago:WikicatBanksOfSouthKoreayago:WikicatCompaniesEstablishedIn2001yago:WikicatCompaniesListedOnTheKoreaStockExchangeyago:WikicatCompaniesListedOnTheNewYorkStockExchangeyago:Abstraction100002137yago:Company108058098yago:DepositoryFinancialInstitution108420278yago:FinancialInstitution108054721yago:Group100031264yago:Institution108053576yago:InsuranceCompany108070465yago:NondepositoryFinancialInstitution108419984yago:Organization108008335yago:WikicatInsuranceCompaniesOfSouthKoreayago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntitybankorganisationyago:SocialGroup107950920yago:WikicatFinancialServicesCompaniesOfSouthKorea New Facet based on Instances of this Class

Woori Financial Group is a Seoul-based banking and financial services holdings company and is the largest bank in South Korea.Woori has had a short history as a financial institution. It was formed in 2001 from the forced merger of 4 predecessor commercial banks and an investment bank (Hanvit, Peace, Kwangju and Kyongnam Banks and Hanaro Investment Banking and their subsidiaries). The banks were taken over and recapitalised by the government because they had fallen below the Basel I Accord mandated eight percent capital adequacy ratio. The South Korean Government, through the Korean Deposit Insurance Corporation, remains the primary investor as a result.