Woori Bank Hosts Academic Conference on Daehan Cheonil Bank

Woori Bank announced on November 8 that it held an academic conference on November 6 at its headquarters in Jung-gu, Seoul, in collaboration with the Industry-Academic Cooperation Group of Kookmin University. The conference focused on the theme "Research on the Formation of National Capital and the Academic Value of Accounting Records of Daehan Cheonil Bank."

The event aimed to explore the history and role of Daehan Cheonil Bank, the predecessor of Woori Bank, in modern finance. Established in 1899 during the Korean Empire, Daehan Cheonil Bank was a national capital bank founded by merchants and officials.

The conference highlighted the historical significance of accounting records created using the unique Songdo bookkeeping method employed by merchants in Kaesong.

This year, Woori Bank has been conducting academic research based on archival materials in collaboration with Kookmin University. The bank plans to publish a research book containing the findings and expand initiatives to share historical assets with the public.

Lee Gi-jeong, Deputy Director of Woori Bank's Social Contribution Department, stated, "We will continue to systematically research the historical value of our country's finance and share the results with academia and customers, contributing to the revitalization of research on modern Korean financial history."