Woori Financial Group Universal Banking Surpasses 1 Million Members in Just 6 Months After Launch

Increase in Woori WON Mobile Subscriptions and Credit Card Issuance
Overseas Stock Trading to Launch in the Second Half of the Year
Core Insurance Services to Be Integrated Next Year

Woori Financial Group announced that its group universal banking service, launched in November last year, has surpassed 1 million members just six months after its release.

Universal banking is a service embedded in Woori Financial Group's mobile application, 'Woori WON Banking', which allows users to access a wide range of financial services offered by Woori Financial Group?including banking, securities, credit cards, capital, and savings banks?without the need to install separate apps.

Woori Financial Group is gradually expanding this service. In April, it launched the 'Woori WON Mobile' service, an affordable mobile phone brand by Woori Bank. In June, the group introduced 'Woori WON MTS', a mobile trading system by Woori Investment & Securities, thereby officially offering domestic stock trading services with AI-based stock recommendations. The group plans to further expand the service scope by adding overseas stock trading in December. Next year, it aims to integrate the core services of Tongyang Life Insurance and ABL Life Insurance, which have newly joined Woori Financial Group.

Jongryong Lim, chairman of Woori Financial Group (center), is taking a photo with employees on the 6th to celebrate surpassing 1 million new subscribers to Universal Banking. Woori Financial Group

Driven by the increase in universal banking members, 'Woori WON Mobile' had 24,000 subscribers as of the end of July. The number of credit cards issued also increased by about six times year-on-year as of the end of June. Woori Financial Group explained that the synergy effect is emerging rapidly due to increased product sales.

Hwang Inseong, Deputy Head of the Future Innovation Division at Woori Financial Group, said, "We are continuously improving the user experience (UX) so that customers can use universal banking more easily and conveniently," adding, "We aim to reach 2 million members within this year by allowing customers to experience the group's products and services in one place."

Jongryong Lim, Chairman of Woori Financial Group, stated, "Our goal is to efficiently support all aspects of customers' financial lives through a single platform," and added, "We will continue to enhance customer convenience and service connectivity going forward."