[Korea sinyuncheol financial newspaper reporter] that our bank (Bank yigwanggu) the last 15 days Wealth Development Bank held a ceremony in Manila, Philippines investment announced Wednesday.
Our bank of the Philippine medium-sized savings banks, investment is the first case of entering the foreign banks after opening Philippine financial markets through a local savings bank investments, last year the end of October, our bank this day gimjaesin shares (駐) after the acquisition of 51% stake Philippine Ambassador to South Korea, the Philippines central bank governors and local companies such as South Korea advanced domestic and international personalities attending the ceremony was carried out among the investments in attendance.
Our bank has adopted a strategy to enter the Philippine market diversification scheme through investment in consideration of the Philippine Savings Bank financial market characteristics. Wealth Development Bank has reborn as a joint venture with our partner banks and Vicsal group, partner Vicsal Group operates department stores, supermarkets and the large retailers in the global Filipino company with a membership of 100 million. Woori Bank plans to promote the credit card business with Vicsal Group expanded retail sales through more than 130 million members secured until 2020.
Currently 16 private plans to expand the network expanded to 3-4 by the Philippines throughout 2020, and every year new branch is scheduled to large department stores and companies run by the Korea Vicsal group to establish such a number in Makati and Cavite area. The Koreans crowded areas and plans to make available to 'Korea Desk' operating and convenient for travelers to immigrants and 140 million visits per year of about 12 million people. And the 'Global Bank wibi platform by expanding the newly opened non-customer-facing channels introduced in the Philippine market, and is equipped with a current-limiting provide content to the platform it plans to focus on targeting young people more interested in Korea, the Philippines culture.
Yigwanggu our CEO said, "a local partner Vicsal the Group and cooperation utilizing the know-how of our bank, and customers planning trust and continue to grow as easily available to banks will contribute to the Philippine banking industry through it" through the barn .
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