Woori Bank launches integrated services for Mongolian nationals

The Korea Times

Woori Bank launches integrated services for Mongolian nationals

Woori Bank has partnered with telecommunications provider KT and Mongolia's Trade and Development Bank (TDB) to offer integrated financial services for Mongolian nationals preparing to move to Korea, the bank said Wednesday. The three parties signed a memorandum of understanding (MOU) at KT's headquarters in central Seoul. The partnership is designed to support Mongolian workers and students from the pre-arrival stage through their settlement in Korea, providing access to financial and mobile services. Under the agreement, TDB will introduce customers in Mongolia who plan to use Woori Bank's overseas remittance services and KT's mobile network after arriving in Korea. Those customers may receive preferential terms on selected TDB loan and deposit products before departure. After arriving in Korea, Woori Bank will help the Mongolian nationals open remittance accounts at the bank's foreigner-focused branches. It will also provide preferential exchange rates and reduced overseas remittance fees. KT, meanwhile, will offer its lowest price-tier mobile plan and allow customers to link their mo

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