Woori Bank announced on the 8th that it will establish a trading center in London, England, in June.
Woori Bank plans to expand the London trading center into a base branch performing not only its own fund management for FX, securities, and derivatives but also customer transaction operations such as currency exchange and currency hedging, based on the London FX (foreign exchange transaction) desk that was established in July of last year.
Woori Bank established a dedicated organization for the center's establishment on the 3rd. Park Hyung-woo, the deputy head of Woori Bank's capital markets group, said, “We will continue to strive for the development of the financial industry in response to the government's market advancement policies, including improvements in the foreign exchange market structure and the inclusion of Korean Government Bonds in the World Government Bond Index (WGBI).”