Citibank Depositary Receipt Services says it has established an American Depositary Receipt (ADR) Program for Woori Finance Holdings Co., Ltd., a Korean financial services company. The ADRs are listed on the New York Stock Exchange (NYSE).
“We look forward to fully supporting Woori Finance Holdings as it gains increased visibility and builds investor interest in the United States,” says Sanjeev Nanavati, Managing Director of Citibank Depositary Receipt Services.
“Since Woori Finance Holdings was founded, one of our top priorities has been to set the stage for the listing of our company in overseas markets,” adds Byung-Chul Yoon, Chairman and Chief Executive Officer. “Citibank’s support has been exemplary as we expand our company’s presence in the U.S. investment community through this NYSE listing.”
Woori Finance offers retail banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The company was set up by the Korean government in April 2001 through the Korea Development Insurance Corporation (KDIC).