Woori Financial Group Chairman Yim Jong-yong, right, and Kim Eun-Kyung, president of the Korea Inclusive Finance Agency, visit a chicken restaurant selected as the first beneficiary of Woori Financial Group's support program for small business owners following the opening ceremony for the relocated Woori Smile Microcredit Bank in Changsin-dong, in Seoul's Dongdaemun District, Wednesday. Courtesy of Woori Financial Group
Woori Financial Group said Wednesday it has relocated the headquarters of its Woori Smile Microcredit Bank from Seoul's Euljiro to Changsin-dong in Dongdaemun District, aiming to improve access to financial services for small business owners and low-income borrowers.
The move marks the first step in the group's plan announced in March to strengthen its microfinance network.
Changsin-dong, home to traditional markets and a garment manufacturing cluster, was chosen to bring financial counseling and support closer to small business owners.
Woori said microcredit bank employees will also visit business sites to provide on-site consultations for people who have difficulty visiting branches during business hours.
