KUALA LUMPUR: AmBank Group and South Korea‘s Woori Bank have entered into a partnership to strengthen bilateral investment and trade flows between the two countries.
The collaboration aims to provide enhanced banking solutions and advisory support for Korean companies investing in Malaysia.
By combining AmBank’s local expertise and Woori Bank’s international banking network, both institutions seek to foster greater cross-border business connectivity, financial inclusion and economic growth.
Under the agreement, the banks will offer tailored financial solutions for Korean small and medium enterprises (SMEs) and corporates operating in Malaysia.
They will also support government-led foreign direct investment (FDI) initiatives and cross-border business development.
“AmBank is pleased to deepen our partnership with Woori Bank in line with our goal of driving FDI and facilitating financial solutions between Malaysia and Korea.
“This collaboration underscores our shared commitment to empowering businesses with the right financial solutions to grow across borders,” said AmBank business banking managing director Christopher Yap.
Woori Bank is the only Korean lender with a representative office in Malaysia. Bilateral trade between the two nations is valued at over US$27 billion (RM112.94 billion) this year.
Woori Bank global business group executive vice president Yoo Hyoung Jin described Malaysia as a strategic trading partner and a vital base for Korean companies expanding into the Asean region.
“This partnership represents a new model of practical cooperation between private financial institutions, in line with the growing economic exchange between Korea and Malaysia,” he said.
© New Straits Times Press (M) Bhd
