We expect Woori to maintain its strengthened risk management as evidenced by its improved asset quality and credit costs. We also believe the bank and its parent group will likely maintain their adequate capital buffer despite their increasing growth appetite for nonbanking business. We are revising the outlook on Woori to positive from stable. At the same time, we are affirming the 'A' long-term and 'A-1' short-term issuer credit ratings on the bank. The positive outlook reflects our view that Woori and the parent group will likely sustain their strengthened risk management while maintaining their adequate capitalization over the next 18-24 months. On June 24, 2019, S&P Global Ratings revised its outlook on Woori Bank to positive from stable. At
