[
THE INVESTOR]
Woori Bank announced on Jan. 24 that it has won approval from the Polish financial regulatory authority to open a representiative office in the eastern European country.
Woori Bank said it will set up its representative office in the southwestern city of Katowice later this month as part of its efforts to establish a bridgehead in Europe.
The representative office is located near an industrial complex, which is home to assembly lines of
Samsung Electronics,
Hyundai Motor and its smaller sister company
Kia Motors.
Woori Bank also said it plans to set up its unit in Germany around July to meet the financial needs of South Korean clients and local companies doing business in Germany.
(theinvestor@heraldcorp.com)