# WOORI FINANCIAL GROUP INC.

Summary updated: 2026-10-02T11:45:22.528779Z
Canonical: https://finbar.com/research/companies/woori-financial-group-inc

## Overview

Woori Financial Group is a South Korean financial holding company whose subsidiaries provide banking, insurance, card and consumer finance, securities, asset management and related financial services. Its core market is South Korea, complemented by an international network of subsidiaries, branches and representative offices across Asia, the Americas, Europe and the Middle East. [1](https://app.finbar.com/go?id=P142763520)[2](https://app.finbar.com/go?id=P152652705)[3](https://www.woorifg.com/eng/company/introduce/summary/contentsid/165/index.do)[4](https://www.woorifg.com/eng/company/network/domestic/contentsid/170/index.do)

The Group’s brand story is expressed as “We Change For Us,” while its public positioning emphasizes being a financial partner to customers and shareholders. As a broad indicator of scale, consolidated assets were KRW 635.2 trillion and first-half 2026 consolidated net operating revenue was KRW 5.723 trillion. The official materials reviewed identify the 2025 sustainability report as the latest available by October 2, 2026; an employee count was not verified. [5](https://www.woorifg.com/eng/pr/brStory/contentsid/496/index.do)[6](https://app.finbar.com/go?id=T17563760)[7](https://app.finbar.com/go?id=P152654902)[8](https://www.woorifg.com/kor/pr/news/view.do?seq=882)
[1](https://app.finbar.com/go?id=P142763520)[2](https://app.finbar.com/go?id=P152652705)[6](https://app.finbar.com/go?id=T17563760)[7](https://app.finbar.com/go?id=P152654902)[3](https://www.woorifg.com/eng/company/introduce/summary/contentsid/165/index.do)[4](https://www.woorifg.com/eng/company/network/domestic/contentsid/170/index.do)[5](https://www.woorifg.com/eng/pr/brStory/contentsid/496/index.do)[8](https://www.woorifg.com/kor/pr/news/view.do?seq=882)

## Products & services

Woori Financial Group offers retail and commercial banking products through Woori Bank, including deposits, Korean-won and foreign-currency loans, and bancassurance. In the first half of 2026, the bank reported KRW373.6 trillion in deposits and KRW394.6 trillion in loans and receivables, including KRW311.1 trillion in Korean-won loans and KRW35.5 trillion in foreign-currency loans. [9](https://app.finbar.com/go?id=T16326827)[10](https://app.finbar.com/go?id=T16326824) Woori Bank also distributes insurance products from 33 insurers; bancassurance fee income was approximately KRW95 billion in 2025. [11](https://app.finbar.com/go?id=P152652785)

The group’s insurance subsidiaries offer protection, survival, death-benefit, endowment, savings and retirement-pension products, including annuity, variable, whole-life, term-life and health insurance. Products are distributed through agencies, financial consultants, telemarketing and bancassurance. [12](https://app.finbar.com/go?id=P152652775)[13](https://app.finbar.com/go?id=P152653698) In the first half of 2026, Tongyang Life reported KRW2,423 billion in premium income, of which KRW1,672 billion—about 69%—was protection-type premiums. [14](https://app.finbar.com/go?id=T16326832)

Other documented offerings include Woori Card’s credit-card, installment-financing and leasing services, and Woori Financial Capital’s auto, consumer and corporate finance. In the first half of 2026, card revenue was KRW1,533 billion, including KRW1,154 billion from credit cards (about 75%); Financial Capital reported financing balances of KRW7,506 billion in auto finance, KRW1,330 billion in consumer finance and KRW2,916 billion in corporate finance. [15](https://app.finbar.com/go?id=T16326834)[16](https://app.finbar.com/go?id=T16326838) Woori Investment Securities provides brokerage- and investment-related services, with first-half 2026 non-interest income including KRW49 billion in investment-banking commissions and KRW35 billion in securities income. [17](https://app.finbar.com/go?id=T16326840)[18](https://app.finbar.com/go?id=T16326842) The group also operates asset-management, trust, venture-partnership and fund-service businesses. [19](https://app.finbar.com/go?id=T16326843)
[9](https://app.finbar.com/go?id=T16326827)[10](https://app.finbar.com/go?id=T16326824)[11](https://app.finbar.com/go?id=P152652785)[12](https://app.finbar.com/go?id=P152652775)[13](https://app.finbar.com/go?id=P152653698)[14](https://app.finbar.com/go?id=T16326832)[15](https://app.finbar.com/go?id=T16326834)[16](https://app.finbar.com/go?id=T16326838)[17](https://app.finbar.com/go?id=T16326840)[18](https://app.finbar.com/go?id=T16326842)[19](https://app.finbar.com/go?id=T16326843)

## Geographic presence

South Korea is Woori Financial Group’s domestic base; Woori Bank’s registered office and corporate headquarters are in Seoul. The group’s disclosed overseas banking subsidiaries are in the United States, China, Indonesia, Russia, Brazil, Hong Kong, Vietnam, the Philippines, Myanmar, Cambodia and Germany. [20](https://app.finbar.com/go?id=P152653440)[2](https://app.finbar.com/go?id=P152652705)[21](https://app.finbar.com/go?id=T17563124)

Woori Bank also lists overseas branches, agencies or representative offices in the United Kingdom (London), Japan (Tokyo), Singapore, Hong Kong, Bahrain, Bangladesh (Dhaka), the United States (New York and Los Angeles), India (Chennai, Gurgaon, Mumbai, Pune and Ahmedabad), Australia (Sydney), the United Arab Emirates (Dubai), Malaysia (Kuala Lumpur) and Myanmar (Yangon). The disclosed list also includes a Gaeseong branch in Korea. [2](https://app.finbar.com/go?id=P152652705)[21](https://app.finbar.com/go?id=T17563124)
[20](https://app.finbar.com/go?id=P152653440)[2](https://app.finbar.com/go?id=P152652705)[21](https://app.finbar.com/go?id=T17563124)

## Business segments

Woori Financial Group presents its businesses as Bank, Insurance, Card, Financial Capital, Investment Securities and Savings Bank; its FY2025 report also identifies subsidiaries in banking, life insurance, finance and securities brokerage. The annual report’s fee disclosures use a separate activity-based classification—Banking, Credit card and Investment banking—so these labels should not be treated as one consistent segment schedule. [22](https://app.finbar.com/go?id=T16326800)[23](https://app.finbar.com/go?id=T16259488)[24](https://app.finbar.com/go?id=P142204032)

The Bank segment covers deposit-taking, lending and related fee services. Insurance includes Tongyang Life and ABL Life; Card includes card business and related financing; Financial Capital includes vehicle and commercial-vehicle finance, corporate finance and investment finance; and Investment Securities is represented by the group’s securities-brokerage subsidiary. [25](https://app.finbar.com/go?id=P142204028)[26](https://app.finbar.com/go?id=P142204038)[14](https://app.finbar.com/go?id=T16326832)[15](https://app.finbar.com/go?id=T16326834)[27](https://app.finbar.com/go?id=P142203511)[23](https://app.finbar.com/go?id=T16259488) The group also reports Savings Bank and other financial subsidiaries, including asset trust and management businesses. [19](https://app.finbar.com/go?id=T16326843)

Woori does not provide directly comparable segment shares of consolidated revenue or operating profit in the latest materials reviewed. As an approximate earnings indicator—not an official segment contribution—the 1H2026 net income of selected subsidiaries divided by group controlling-interest net income was about 85% for Woori Bank, 7% combined for Tongyang Life and ABL Life, 6% for Woori Card, 5% for Woori Financial Capital and 2% for Woori Investment Securities. These ratios use subsidiary net income rather than segment profit attributable to the group and therefore are not segment percentages; the listed values do not sum to 100%. [19](https://app.finbar.com/go?id=T16326843)
[22](https://app.finbar.com/go?id=T16326800)[23](https://app.finbar.com/go?id=T16259488)[24](https://app.finbar.com/go?id=P142204032)[25](https://app.finbar.com/go?id=P142204028)[26](https://app.finbar.com/go?id=P142204038)[14](https://app.finbar.com/go?id=T16326832)[15](https://app.finbar.com/go?id=T16326834)[27](https://app.finbar.com/go?id=P142203511)[19](https://app.finbar.com/go?id=T16326843)[28](https://www.woorifg.com/eng/investor/ir/earnings-announcement/mergeView.do?seq=1359)

## Company history

Woori Financial Group traces its banking heritage to Daehan Cheonil Bank, established in 1899 [29](https://www.woorifg.com/eng/company/introduce/history/contentsid/236/index.do). Woori Finance Holdings was established on March 27, 2001, and its common shares were listed on the Korea Exchange in June 2002 [30](https://www.sec.gov/Archives/edgar/data/1264136/000119312519128772/R6.htm)[31](https://www.sec.gov/Archives/edgar/data/1264136/000119312518141139/R99.htm). On November 1, 2014, Woori Finance Holdings merged into Woori Bank, ending that holding-company structure [30](https://www.sec.gov/Archives/edgar/data/1264136/000119312519128772/R6.htm).

Woori Financial Group was established as Woori Bank’s financial holding company on January 11, 2019; its shares began trading on February 13 that year [30](https://www.sec.gov/Archives/edgar/data/1264136/000119312519128772/R6.htm)[32](https://www.koreatimes.co.kr/economy/others/20190213/listing-woori-financial-shares). The group recorded completion of its full privatization in December 2021 [29](https://www.woorifg.com/eng/company/introduce/history/contentsid/236/index.do). In August 2023, Woori Investment Bank and Woori Venture Partners became wholly owned subsidiaries through a share exchange [33](https://www.sec.gov/Archives/edgar/data/1264136/000119312524067492/d788144d6k.htm). Tongyang Life Insurance was listed among the group’s subsidiaries at December 31, 2025 [7](https://app.finbar.com/go?id=P152654902).
[7](https://app.finbar.com/go?id=P152654902)[29](https://www.woorifg.com/eng/company/introduce/history/contentsid/236/index.do)[30](https://www.sec.gov/Archives/edgar/data/1264136/000119312519128772/R6.htm)[31](https://www.sec.gov/Archives/edgar/data/1264136/000119312518141139/R99.htm)[32](https://www.koreatimes.co.kr/economy/others/20190213/listing-woori-financial-shares)[33](https://www.sec.gov/Archives/edgar/data/1264136/000119312524067492/d788144d6k.htm)

## Sources

1. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p7](https://app.finbar.com/go?id=P142763520)
2. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P152652705)
3. [www.woorifg.com](https://www.woorifg.com/eng/company/introduce/summary/contentsid/165/index.do)
4. [www.woorifg.com](https://www.woorifg.com/eng/company/network/domestic/contentsid/170/index.do)
5. [www.woorifg.com](https://www.woorifg.com/eng/pr/brStory/contentsid/496/index.do)
6. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17563760)
7. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P152654902)
8. [www.woorifg.com](https://www.woorifg.com/kor/pr/news/view.do?seq=882)
9. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p13](https://app.finbar.com/go?id=T16326827)
10. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p13](https://app.finbar.com/go?id=T16326824)
11. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P152652785)
12. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P152652775)
13. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P152653698)
14. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p14](https://app.finbar.com/go?id=T16326832)
15. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p15](https://app.finbar.com/go?id=T16326834)
16. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p15](https://app.finbar.com/go?id=T16326838)
17. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p15](https://app.finbar.com/go?id=T16326840)
18. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p15](https://app.finbar.com/go?id=T16326842)
19. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p16](https://app.finbar.com/go?id=T16326843)
20. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P152653440)
21. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17563124)
22. [WOORI FINANCIAL GROUP INC. — Presentation (2026 H 1), p7](https://app.finbar.com/go?id=T16326800)
23. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y), p112](https://app.finbar.com/go?id=T16259488)
24. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y), p138](https://app.finbar.com/go?id=P142204032)
25. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y), p137](https://app.finbar.com/go?id=P142204028)
26. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y), p138](https://app.finbar.com/go?id=P142204038)
27. [WOORI FINANCIAL GROUP INC. — Full financial report (2025 Y), p69](https://app.finbar.com/go?id=P142203511)
28. [www.woorifg.com](https://www.woorifg.com/eng/investor/ir/earnings-announcement/mergeView.do?seq=1359)
29. [www.woorifg.com](https://www.woorifg.com/eng/company/introduce/history/contentsid/236/index.do)
30. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1264136/000119312519128772/R6.htm)
31. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1264136/000119312518141139/R99.htm)
32. [www.koreatimes.co.kr](https://www.koreatimes.co.kr/economy/others/20190213/listing-woori-financial-shares)
33. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1264136/000119312524067492/d788144d6k.htm)

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