Iran Trade & Investment Support Center
Woori Bank announced that it held the launch ceremony for a business center designed to help local investors and exporters to Iran at the lender's main office in Sogong-no, Seoul, on January 25 and started operation, with Woori Bank CEO Lee Kwang-goo and other officials, including Vice Finance Minister Choi Sang-mok.
The center is located in the first floor of the Woori Bank head office and staffed by employees from the Ministry of Strategy and Finance, the Ministry of Trade, Industry and Energy, Korea Trade-Investment Promotion Agency (KOTRA), Korea Trade Insurance Corporation, Korea Strategic Trade Institute, The export-import Bank of Korea and Industrial Bank of Korea as well as Woori Bank. It opens from 9:30 a.m. to 5 p.m. Monday through Friday, offering call-in or person-to-person consultation services. The center will also open its official website soon.
As Iran is opening its market following the lifting of international economic sanctions on January 17, the center is opened to introduce a new trade system with Iran, such as trade procedures and payment systems, to domestic importers and exporters.
Moreover, it will discuss with relevant agencies and address issues, including directions in trade deals, policy lending programs, collection of the price for exports, the most recent information about the Iranian market and conflicts with Iranian companies.