Woori Bank Releases Voluntary Retirement Terms... Up to 31 Months' Base Salary Offered

The conditions for voluntary retirement at Woori Bank have been released this year.

According to the financial sector on January 7, Woori Bank will accept voluntary retirement applications until January 13.

This round of applications is open to employees born in 1970 and 1971.

For employees born after 1972, voluntary retirement applications will be accepted based on different birth years according to job rank.

For branch managers and department heads, all employees are eligible; for deputy branch managers and deputy department heads, employees born before the end of 1977 are eligible; for assistant managers and managers, as well as clerks (including deputy section chiefs and section chiefs), employees born before the end of 1980 are eligible.

Among these, employees born in 1971 and after 1972 will receive a special severance payment equivalent to 31 months of base salary.

In addition, employees born between January and June 1970 will receive a special severance payment equivalent to 21 months of base salary, while those born between July and December 1970 will receive 23 months of base salary.

Previously, both Shinhan Bank and Hana Bank also accepted voluntary retirement applications this year.