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Woori BankSouth Korea
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Created on: 2021-08-26 13:21:52
Last update: 2022-11-08 15:23:25

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Woori Bank headquarters in Seoul, South Korea. Photo: Magneta5005 via Wikimedia Commons (CC BY SA 4.0)

About Woori Bank

Woori Bank is a Korean multinational bank headquartered in Seoul. It is one of the four largest domestic banks in South Korea. It was originally founded in 1899 and after several renames and mergers, it finally adopted its current name in 2002. The bank offers services in consumer banking, corporate banking, investment banking and private equity. Woori Bank operates mainly in South Korea, but also via several overseas branches.

Website https://www.wooribank.com/
Headquarters
1-203, Hoehyeon-dong, Jung-gu
Seoul
South Korea
CEO/chair Won Duk Lee
CEO
Supervisor
Financial Supervisory Service (South Korea)
Annual reports CSR report 2021
Annual report 2021
Ownership
listed on Korea Exchange

The bank is part of Woori Financial Group of which the complete shareholder structure can be accesssed here.

Complaints and grievances

Woori Bank does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

Related Dodgy Deals

Woori Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Policy Assessments

Banks and Human Rights

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
Woori Bank
KOR
5
Follower

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0
South Korea
Score
Follower
5
Explanation

Woori Bank's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark Asia 2022. The bank is assessed as a Follower, with a total score of 5 out of 14.

Policy: 2.5/3
Due dilligence: 1/5
Reporting: 1/3
Remedy: 0.5/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows

New benchmark of 18 Asian banks shows human rights performance below the global average
2022-04-05 | Nijmegen | BankTrack
blog
external news
our news

Woori Bank adopts the Equator Principles

2021-08-18 | Woori Bank press release
blog
external news
our news

Decisions loom for Woori, Shinhan executives over Lime fiasco

2021-03-18 | The Korea Herald

Documents

Type:
Year:
csr policies
2022-11-08 00:00:00

Human rights principles

Date listed represents date as accessed on website
2022-11-08 00:00:00 | Woori Financial Group
csr policies
2022-11-08 00:00:00

ESG Financing principles

2022-11-08 00:00:00 | Woori Financial Group
annual reports
2022-08-16 00:00:00

CSR report 2021

2022-08-16 00:00:00 | Woori Financial Group
annual reports
2022-07-05 00:00:00

Annual report 2021

2022-07-05 00:00:00 | Woori Financial Group
annual reports
2021-08-26 00:00:00

Annual report 2020

2021-08-26 00:00:00 | Woori Financial Group
csr policies
2021-08-26 00:00:00

Ethics management

Date listed represents date as accessed on website
2021-08-26 00:00:00 | Woori Bank
csr policies
2021-08-26 00:00:00

ESG Management

Page 34 of 2020 Annual report
2021-08-26 00:00:00 | Woori Bank
annual reports
2021-07-30 00:00:00

CSR report 2020

2021-07-30 00:00:00 | Woori Bank

Policies

Voluntary standards

Woori Bank has committed itself to the following voluntary standards:
  • Equator Principles
  • Global Reporting Initiative
  • Net-Zero Banking Alliance (NZBA)
  • Principles for Responsible Banking (PRB)
  • Taskforce on Nature-related Financial Disclosures (TNFD)

Investment policies

Year:
csr policies
2022-11-08 00:00:00

Human rights principles

Date listed represents date as accessed on website
2022-11-08 00:00:00 | Woori Financial Group
csr policies
2022-11-08 00:00:00

ESG Financing principles

2022-11-08 00:00:00 | Woori Financial Group
csr policies
2021-08-26 00:00:00

Ethics management

Date listed represents date as accessed on website
2021-08-26 00:00:00 | Woori Bank
csr policies
2021-08-26 00:00:00

ESG Management

Page 34 of 2020 Annual report
2021-08-26 00:00:00 | Woori Bank

Equator Principles

Implementation and reporting

Contact and complaints

Good moves

Year:
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