THE KOREA HERALD – Woori Bank, one of South Korea’s top commercial lenders, has made history by opening its very first branch in Poland, marking a significant milestone as the first Korean bank to venture into the Polish market.
The exciting news was unveiled on Monday, with a grand inauguration ceremony that saw company executives and local business leaders come together to celebrate the occasion.
The launch signals Woori Bank’s growing influence in Europe and a bold step towards strengthening its global presence.
Woori’s expansion into Poland follows eight years after the bank entered the market in 2017 with an office in Katowice. Since then, the lender has supported Korean companies operating in the region.
The firm said its transition to a branch reflects rising financial demand from local businesses, fueled by Poland’s growing role as Europe’s key manufacturing hub. Woori began preparations for the branch in late 2023 and secured approval from Poland’s financial regulator in July, officially commencing operations this month. Poland is Korea’s fifth-largest export destination, with a growing presence by Korean companies in the country.
Warsaw, as the nation’s capital and financial hub, has attracted major Korean conglomerates, including Samsung Electronics, LG Electronics and Hyundai Motor, as well as defense giants Hanwha Aerospace, Hyundai Rotem and Korea Aerospace Industries.
The Polish branch marks Woori’s third operational base in Europe, joining its corporate entity in Frankfurt and its banking branch in London.
“This achievement is a milestone for Woori as the first Korean bank to open a branch in Poland, the largest economy in Eastern Europe,” said branch manager Lee Jung-woo.
“Driven by Poland’s geopolitical advantages, we expect more local firms to expand their foothold in the market, and we will be a strong partner for these businesses.”
