Strong market position as Korea's second-largest bank Strong corporate banking business Good revenue contributions from nonbanking businesses at the group level Potential credit risks posed by economic slowdown and aggressive loan growth Exposure to relatively vulnerable SME, construction, and real-estate segments Mid-to long-term pressure on interest margins The ratings on Woori Bank (Woori; A-/Negative/A-2) reflect its strong market position as Korea's second-largest bank and as a core operating subsidiary of Woori Finance Holdings Co. Ltd. (BBB+/Negative/A-2). The ratings are also supported by the bank's strong corporate banking business and good revenue contributions from nonbanking businesses at the group level. These strengths are offset by rising credit risks posed by the economic slowdown, exposure to small and midsize enterprises (SMEs), construction,
