Woori Bank bets on SME succession as new growth pillar

Woori Bank is pushing into corporate succession for small and medium-sized companies as a new banking frontier, casting it as an economic issue tied to jobs, technology and supply chain stability as Korea's first-generation founders age without clear successors.

At a press conference Monday in Seoul, CEO Jung Jin-wan said the bank would support what it calls "productive corporate succession" to prevent viable companies from closing or downsizing.

"Corporate succession is not just a priority for ...