Woori, SK forge ties for Vietnam biz

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By Lee Kyung-min

Woori Bank has signed an agreement with SK Telink to boost cooperation in expanding their global businesses in Vietnam, the bank said Wednesday.

Services provided by Woori Bank Vietnam and Vietnam's SK Telink include financing for those who buy a cellphone in a monthly installment plan.

Only those who buy them on a non-face-to-face platform will be eligible.

The two firms will use big data including payment and purchase history to better target customers that might be in need of new phones or better financing plans.

“We plan to strengthen cooperation with IT firms with an overseas presence to expand digital marketing. Our extensive overseas network in 26 countries will help us with the joint business.”

This is the latest of the bank's efforts to strengthen its overseas business. Woori received a green light from the financial authorities in Europe, and the European Central Bank, to set up a corporate body in October 2018.