The Korea Times
Woori Bank has partnered with Viettel Global, a subsidiary of Vietnam's largest telecommunications group Viettel, as the Korean lender seeks to expand its footprint in the Southeast Asian nation, the bank said Thursday. The two sides signed a memorandum of understanding (MOU) the previous day to deepen financial cooperation, building on existing transactions between Woori Bank's Vietnamese unit and Viettel Global. The signing ceremony, which took place at Viettel's headquarters in Hanoi, was attended by Woori Bank CEO Jung Jin-wan, Bae Tae-in, head of Woori Bank's Vietnam unit, Nguyen Thi Hoa, CEO of Viettel Global, and Nguyen Cao Loi, deputy general director of Viettel Global. Jung was part of a business delegation accompanying President Lee Jae Myung on a three-day visit to Hanoi, where the CEO reviewed local financial market conditions and explored opportunities to expand Woori's overseas operations. Under the deal, the two sides plan to expand cooperation beyond conventional financing, including sharing information related to Viettel's overseas business and providing additional suppo
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