Woori Financial Group (Korean: 우리금융지주) is a Seoul-based banking and financial services holdings company and is the largest bank in South Korea.

Woori has had a short history as a financial institution.

The banks were taken over and recapitalised by the government because they had fallen below the Basel I Accord mandated eight percent capital adequacy ratio.

[1] This came about as a part of the 1997 Asian financial crisis, which affected the operations of virtually all banks and financial firms in South Korea.

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