South Korean Lender Woori Bank opened its Maiden Indian Branch in Chennai

South Korean lender Woori Bank on 18 April 2012 opened its maiden Indian branch in Chennai. The Seoul based bank slated Chennai as the first city to launch their operation in India given the fact that the southern metro city is home to more than 170 Korean companies, including big names such as Hyundai Motors, Lotte and Samsung.
The bank as per its strategy will first provide banking assistance to Korean companies located in Chennai and subsequently it will start focusing on local business, keeping in mind the needs of the India companies and customers.
Woori Bank, the South African government –owned bank with the opening of its first branch in India aims at tapping the growing economic opportunities in India.

(Note: JUNIOR ASSISTANTS IN A.P. BOARD OF INTERMEDIATE EDUCATION
SUBORDINATES SERVICE EXAM 08-07-2012 G.S. QUESTION)