IslamicFinance.de

#SouthKorea’s Woori Bank has launched a Korea Desk in Iran to help Korean companies with their business activities in the Islamic Republic. Central Bank of Iran's deputy Gholam-Ali Kamyab said this move could prepare the ground for the opening of Woori branches in Iran. Korean companies will be able to use Woori Bank’s service in the Iranian bank or the Korean bank’s outlets in neighboring cities of Bahrain and Dubai for their businesses in Iran.

Qatar Islamic Bank (QIB) has signed a memorandum of understanding (MoU) with South Korea's Woori Bank, aimed at further strengthening co-operation and sharing business opportunities. The signing ceremony held in Doha was signed by QIB's group CEO Bassel Gamal and Lee Dong-Gun, deputy CEO of Woori Bank, and attended by senior executives from both the banks. The partnership is aimed at servicing both Qatari and South Korean entities that are currently engaged in business activities in Qatar and/or South Korea; and companies that are intending in the future to set up such type of business arrangements.