Woori financial group business developments

Overview

Woori Investment and Securities is expanding its investment banking and structured finance operations. The firm recently managed securitization deals for EcoPro and Osstem Implant totaling 270 billion won. This follows a period of increased large scale transactions, including financing for SK Eternix and Ulsan GPS, which contributed to a 163.5 percent year on year increase in cumulative IB related fees for the third quarter.

Separately, Woori Bank has facilitated the first transaction allowing overseas institutional investors to invest in South Korean capital markets via its Singapore branch. This implementation of the offshore Won transaction liberalization allows investors to manage and settle Won in local markets through the Registered Foreign Institution for Korean Won system, bypassing the need to use domestic Korean financial institutions.

Entities

Osstem Implant · Bank of Korea · Woori Investment & Securities · Ministry of Economy and Finance · EcoPro

Timeline

1 day ago

[BUSINESS] 2 sources
Woori Bank enables offshore Won investment via Singapore branch
Woori Bank has facilitated the first offshore Won investment transaction via its Singapore branch, allowing foreign institutions to invest in Korea using local Won accounts.
1 day ago

[BUSINESS] 2 sources
Woori Investment & Securities manages 270 billion won securitization deals
Woori Investment & Securities has secured solo mandates for 270 billion won in hybrid bond securitization deals for EcoPro and Osstem Implant, boosting its IB division.

Sources

biz.heraldcorp.com · imaeil.com · socialvalue.kr · techholic.co.kr