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No Regulation
Score
1.47 /10
Danger
WOORI BANK
2-5 yearsSuspicious Regulatory License
Global Business
High potential risk
Influence
AAA
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index6.72
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-25
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Data Source 
WikiFX Data provide
WikiFX Data provideUpdated: 2024-12-25
| WOORI BANK Review Summary | |
| Founded | 1999 |
| Registered Country/Region | South Korea |
| Regulation | Unregulated |
| Services | Inquiry, Transfer, Deposit, Loan, Foreign Currency, Banking Management, etc. (for Personal and Business) |
| Customer Support | Service time: 09:00 ~ 18:00, Mon-Fri |
| 1599-2288 (Dedicated Foreigner Call Center), 1588-5000 and 1599-5000 (Domestic), 82-2-2006-5000 (International) | |
Established in 1999, WOORI BANK is a leading financial institution based in South Korea. It offers a wide range of banking services for both personal and business needs, including inquiries, transfers, deposits, loans, foreign currency services, and banking management solutions. However, it operates without any regulatory oversight.
Pros and Cons
| Pros | Cons |
| Long-history operation | Unregulated |
| A range of financial services | Various fees charged |
| No 24/7 customer service |
Is WOORI BANK Legit?
While WOORI BANK has a long-established history, it does not have a regulatory license. Without valid regulation, there's no guarantee of consumer protection measures being in place.
Services
WOORI BANK supports inquiry, transfer, deposit, loan, foreign currency trading, banking management, and more (for Personal and Business).
WOORI BANK Fees
WOORI BANK charges fees and offers benefits to foreign customers for remittance services, including:
Remittance Limits: Foreigners can remit up to USD 50,000 per year. Additional remittances may be allowed with proof of salary.
Remittance Fees: A 30% discount is applied to remittance fees, and fees are waived when remitting in Chinese Yuan (CNY).
Foreign Exchange Rates: A 50% discount on foreign exchange rates for USD, JPY, and EUR, and a 30% discount for other currencies.
WIN-CMS Service: The WIN-CMS service incurs a monthly fee of KRW 10,000, which is automatically deducted from the designated fee payment account.
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