Woori Financial Group () is a Seoul-based banking and financial services holdings company and is the largest bank in South Korea.
As of May 2026, Woori Financial Group was South Korea’s fourth-largest financial services provider.
This came about as a part of the 1997 Asian financial crisis, which affected the operations of virtually all banks and financial firms in South Korea.
Subsidiary
- Woori Bank
Operations
In 2014, Woori Financial Group sold then Woori Investment & Securities Co. to NongHyup Financial Group, which renamed it NH Investment & Securities Co.
In May 2025, Woori Financial received approval from the Financial Services Commission (FSC), the country's financial regulator, for Woori Financial's takeovers of two life insurance companies—Tongyang Life Insurance Co. and ABL Life Insurance Co.—for a combined 1.54 trillion won (US$1.07 billion).
In August 2025, Woori Bank, a unit of Woori Financial, opened a branch in Austin, Texas, becoming the first Korean bank to establish a foothold in the city. This marked Woori’s third branch in the southern United States, following Dallas, Texas and Duluth, Georgia.
In December 2025, it was announced that chief executive officer (CEO) and chairman, Yim Jong-yong was set to secure a second term and begin a new three-year term in March 2026.
For the year 2025, South Korea’s four largest financial holding companies (KB Financial Group, Shinhan Financial Group, Hana Financial Group, and Woori Financial Group) reported a combined nearly 18 trillion won ($12.6 billion) in net profit. Specifically, Woori’s net profit rose 1.8% to 3.14 trillion won that year.
In March 2026, it was announced that Woori Financial was looking to sell its Digital Tower office building to bolster capital buffers following the Tongyang and ABL Life acquisitions.
See also
- List of South Korean companies
- Woori Bank