Wallets/woori-bank
Woori Bank (Woori WON Banking + Woori WON Wallet)
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Overview
Woori Bank is one of Korea's Big-4 commercial banks [1, 2, kr-cro]. 2025 baseline: Woori WON Wallet won Grand Prize in Finance category at Smart App Awards 2025 + Samsung Wallet Money & Points partnership (October 2025 launch) reached 500K+ subscribers in 3 weeks + Woori WON Global app supports 17 languages.
Distinctive Woori Bank positioning [1, 3, 4]:
- One of Korea's Big-4 commercial banks (alongside KB Kookmin + Shinhan + Hana)
- Woori WON Banking = primary Korean retail-banking mobile app
- Woori WON Wallet: 2025 Smart App Awards Grand Prize in Finance category (Dec 2025) — distinctive Korean banking-app recognition; aggregates essential daily convenience + public (government) information in digital wallet form
- Samsung Wallet Money & Points partnership (Oct 2025 launch): 500K+ subscribers in 3 weeks; distinctive Samsung-Woori partnership targeting underage users + foreign residents in Korea
- Woori WON Global: 17-language foreign customer banking app — transfers + bank account opening + Topik lectures + insurance registration; broadens role beyond conventional banking
- June 2025 Woori WON Wallet complete renewal: ~20 lifestyle-focused services (mobile ID verification + digital badges career certification + smart boarding passes + others)
History
1899 — Daehan Cheon-il Bank founded by Joseon Korean monarchy — distinctive Korean royal banking heritage (one of Korea's deepest banking predecessors).
1956 — Hanil Bank + Commercial Bank of Korea formed from Daehan Cheon-il and other consolidations.
1999 — Hanil Bank + Commercial Bank of Korea merger to form Hanvit Bank (later Woori Bank) — distinctive Korean banking consolidation post-1997 Asian Financial Crisis.
2002 — Hanvit Bank renamed Woori Bank.
2010 — Woori Bank mobile banking app launches.
June 2025 — Woori WON Wallet complete renewal: ~20 lifestyle-focused services [3].
October 2025 — Woori + Samsung partnership launches Samsung Wallet Money & Points [3] — distinctive Samsung-Woori partnership for underage users + foreign residents in Korea.
November 10, 2025 — Samsung Wallet Money & Points 500K+ subscribers in just 3 weeks since late October 2025 debut [3].
December 2025 — Woori WON Wallet won Grand Prize in Finance category at Smart App Awards 2025 [4] — distinctive Korean banking-app recognition.
Ownership & operator
Operating entity: Woori Bank (Woori Financial Group subsidiary; KRX: 316140 for Woori Financial Group).
Major shareholders (Woori Financial Group): Korea Deposit Insurance Corporation (KDIC; Korean state-controlled; formerly major; gradually divesting) + National Pension Service (Korean state pension fund) + various Korean institutional + KRX public float.
Regulators: FSC (Financial Services Commission of Korea) + FSS (Financial Supervisory Service) + per-country.
Technical integration
| Layer | Description |
|---|---|
| Channels | Woori WON Banking app (iOS + Android; primary KR retail-banking mobile channel) + Woori WON Wallet (digital wallet aggregating daily convenience + public/government information; 2025 Smart App Awards Grand Prize) + Woori WON Global app (iOS + Android; foreign customer banking; 17-language support) + Samsung Wallet Money & Points (Samsung-Woori partnership; Oct 2025 launch; 500K+ subscribers in 3 weeks) + Woori Online Banking + Woori Bank cards (Woori Card) + Woori Bank branch network |
| Identifiers | Phone + email + card number + Korean resident registration number |
| KR rail | zero-pay (Korea Financial Telecommunications & Clearings Institute KFTC instant payments + ZeroPay national QR) |
| License | Bank (Woori Bank full Korean banking license; one of Korea's Big-4 commercial banks) |
| Sub-products | Woori Account + Woori Card (Woori Bank credit card subsidiary) + Woori Credit + Woori Mortgages + Woori Investments + Woori Insurance + Woori for Business + Woori Wealth + Woori WON Banking (consumer mobile banking) + Woori WON Wallet (digital wallet with ~20 lifestyle services since Jun 2025 renewal) + Woori WON Global (17-language foreign customer banking) + Samsung Wallet Money & Points (Samsung-Woori partnership) + Woori Securities + Woori Asset Management + Woori Capital + Woori Life Insurance + multi-country subsidiaries |
| Distinctive Woori WON Wallet ~20 lifestyle services: Mobile ID verification + digital badges (career certification) + smart boarding passes + others | |
| Distinctive Woori WON Global 17-language support: Transfers + bank account opening + Topik lectures + insurance registration |
Users & growth
- One of Korea's Big-4 commercial banks
- Woori WON Wallet: 2025 Smart App Awards Grand Prize in Finance category
- Samsung Wallet Money & Points (Oct 2025 launch): 500K+ subscribers in 3 weeks (by Nov 10, 2025)
- Woori WON Global: 17-language foreign customer banking app
- June 2025 Woori WON Wallet renewal: ~20 lifestyle-focused services
- Multi-country presence: 20+ countries
Use cases
Korean + multi-country retail + corporate + investment + wealth-management + securities + asset management + insurance banking via Woori WON Banking + Woori WON Wallet (digital wallet with ~20 lifestyle services) + Woori WON Global (17-language foreign customer banking) + Samsung Wallet Money & Points (Samsung-Woori partnership for underage users + foreign residents in Korea) + Woori Online + cards (Woori Card) + branches; ZeroPay national QR + KFTC instant payments; Woori China + Woori Vietnam + Woori Indonesia + Woori Cambodia + multi-country subsidiaries.
Implementations & partners
Operator: Woori Bank (Woori Financial Group subsidiary; KRX: 316140 for Woori Financial Group).
Major shareholders (Woori Financial Group): Korea Deposit Insurance Corporation (KDIC; Korean state-controlled; formerly major; gradually divesting) + National Pension Service (Korean state pension fund) + Korean institutional + KRX public float.
Major Korean banking + payment competitors:
- [[kb-kookmin-bank]] (KB Kookmin Bank; Korea's largest traditional bank with 30M+ retail customers; KB Star Banking + Wallet service Jun 2025)
- [[shinhan-sol]] (Shinhan Bank; one of Korea's largest commercial banks; SOL Bank + SOL Global 16-language foreign customer app)
- [[hana-bank]] (KEB Hana Bank; Korea's #3 largest commercial bank; Hana Won-Q + Hana EZ 16-language; Naver Pay-linked account 500K+ users)
- [[kakaobank]] (KakaoBank; Korea's largest internet-only bank; 26.7M customers; 20M MAU)
- [[k-bank-korea]] (K bank Korea; 1st Korean internet-only bank; 15.5M users)
- [[toss-bank]] (Batch 33 covered; Toss Bank; 3rd Korean internet-only bank; 12M+ users)
- [[naver-financial]] (Batch 32 covered; Naver Financial / Naver Pay)
- [[kakao-pay]] (Kakao Pay; Kakao Corp's payment arm)
Tech + payment partner: Samsung Electronics (Samsung Wallet Money & Points partnership launched October 2025; 500K+ subscribers in 3 weeks).
Woori Financial Group sister entities: Woori Bank + Woori Card + Woori Securities + Woori Asset Management + Woori Capital + Woori Life Insurance.
Regulators: FSC + FSS + per-country (across 20+ countries).
Fun facts
- One of Korea's Big-4 commercial banks (alongside KB Kookmin + Shinhan + Hana).
- Woori WON Wallet won Grand Prize in Finance category at Smart App Awards 2025 — distinctive Korean banking-app recognition.
- Samsung Wallet Money & Points partnership (Oct 2025 launch): 500K+ subscribers in 3 weeks targeting underage users + foreign residents in Korea.
- Woori WON Global: 17-language foreign customer banking app — transfers + bank account opening + Topik lectures + insurance registration.
- 1899 founding as Daehan Cheon-il Bank by Joseon Korean monarchy — distinctive Korean royal banking heritage.
- 1999 Hanil Bank + Commercial Bank of Korea merger to form Hanvit Bank (post-1997 Asian Financial Crisis Korean banking consolidation).
- 2002 Hanvit Bank renamed Woori Bank.
- June 2025 Woori WON Wallet renewal: ~20 lifestyle-focused services (mobile ID verification + digital badges career certification + smart boarding passes).
- Korea Deposit Insurance Corporation (KDIC) Korean state-controlled formerly major; gradually divesting.
- Multi-country presence: 20+ countries.
Comparison
| Feature | Woori Bank (Woori WON) | [[kb-kookmin-bank]] (Korea's largest traditional bank rival; KB Star Banking; 30M+ retail customers) | [[shinhan-sol]] (Korea Big-4 rival; SOL Bank + SOL Global 16-language) | [[hana-bank]] (Korea's #3 largest commercial bank rival; Hana Won-Q + Hana EZ 16-language) | [[samsung-pay]] (Samsung Electronics partner for Samsung Wallet Money & Points) |
|---|---|---|---|---|---|
| Operator | Woori Bank (Woori Financial Group; KRX: 316140 for Woori Financial Group; Korea Deposit Insurance Corporation KDIC + National Pension Service + Korean institutional + KRX public float) | KB Kookmin Bank (KB Financial Group; KRX: 105560) | Shinhan Bank (Shinhan Financial Group; KRX: 055550) | KEB Hana Bank (Hana Financial Group; KRX: 086790) | Samsung Electronics (Samsung Pay; KRX: 005930) |
| Type | Korea Big-4 commercial bank + Woori WON Banking + Woori WON Wallet 2025 Smart App Awards Grand Prize + Samsung Wallet Money & Points partnership (500K+ subscribers in 3 weeks) + Woori WON Global 17-language foreign customer banking | Korea's largest bank by retail customers + KB Star Banking + 6 KB Financial Group affiliates integrated + Jun 2025 Wallet service | Korea Big-4 + SOL Bank + SOL Global 16-language foreign customer + Dec 1 2025 SOL Global revamp | Korea's #3 largest by deposits + assets + loans + Hana Won-Q + Hana EZ 16-language + 2024 Naver Pay-linked account 500K+ users | Samsung Pay multi-country mobile payment service |
| Country | KR + 19+ other countries | KR + 11 other countries | KR + 15+ other countries | KR + 16+ other countries | Multi-global |
| Users | Samsung Wallet Money & Points 500K+ subscribers in 3 weeks; Woori WON Wallet 2025 Smart App Awards Grand Prize | 30M+ retail customers | SOL Bank Korean retail major; SOL Global 16-language foreign customer | Korea's #3 by deposits + assets + loans; Naver Pay 500K+ users in 6 months | Major multi-global Samsung Pay |
| Distinctive | 1899 founding as Daehan Cheon-il Bank by Joseon Korean monarchy (Korean royal banking heritage); 1999 Hanil + Commercial Bank of Korea merger to Hanvit Bank (post-1997 Asian Financial Crisis); 2002 Hanvit Bank renamed Woori Bank; Woori WON Wallet 2025 Smart App Awards Grand Prize; Samsung Wallet Money & Points Oct 2025 launch (500K+ subscribers in 3 weeks; targeting underage users + foreign residents in Korea); Woori WON Global 17-language foreign customer banking (transfers + bank account opening + Topik lectures + insurance registration); Jun 2025 Woori WON Wallet renewal ~20 lifestyle services (mobile ID + digital badges + smart boarding passes); KDIC Korean state-controlled formerly major shareholder gradually divesting | 1963 founding as Kookmin Bank by Korean government; KB Star Banking Wallet service Jun 2025 distinctive payment + identification integration | 1897 Han Sung Eun Haeng predecessor; 1982 Shinhan founding by Korean expatriates from Japan; Dec 1 2025 SOL Global revamp | 1971 Korea Investment Finance predecessor; 2002 Hana + Seoul Bank merger; Feb 2012 KEB acquisition; Sep 2015 KEB + Hana Bank merger | Samsung Pay multi-country |
Status
Active, one of Korea's Big-4 commercial banks [1, 2]:
- Woori Bank (Woori Financial Group subsidiary; KRX: 316140 for Woori Financial Group) since 1899 (Daehan Cheon-il Bank founding by Joseon Korean monarchy); 1999 Hanil Bank + Commercial Bank of Korea merger to form Hanvit Bank; 2002 Hanvit Bank renamed Woori Bank.
- Woori WON Banking primary Korean retail-banking mobile app.
- Woori WON Wallet 2025 Smart App Awards Grand Prize in Finance category (Dec 2025).
- Samsung Wallet Money & Points partnership (Oct 2025 launch): 500K+ subscribers in 3 weeks.
- Woori WON Global: 17-language foreign customer banking app.
- June 2025 Woori WON Wallet renewal: ~20 lifestyle-focused services.
- Multi-country presence: 20+ countries.
- FSC + FSS + per-country regulated.
Sources
- 1 Finance Awards Woori Bank brings inclusive finance to digital wallets — Korea Herald
- 2 Woori Bank — official
- 3 Woori Bank's new app to offer multilingual assistance — Korea Herald
- 4 Woori Bank's Woori WON Wallet Wins Grand Prize in Finance at Smart App Awards 2025 — The Asia Business Daily Dec 19 2025
- kr-cro In-corpus:
reports/countries/KR-south-korea.md
Source
Biography extracted from woori-bank.md. See matrix.md for standards-support matrix if present.