Strong market position as Korea's second-largest bank Strong corporate banking business Good revenue diversification especially at the group level Relatively large exposure to construction and real-estate/leasing businesses Potential pressure on asset quality from high household leverage Relatively weak core earnings Standard&Poor's bases its ratings on Woori Bank on the 'bbb+' anchor rating, the bank's "strong" business position, "moderate" capital and earnings, "moderate" risk position, and "average" funding and "adequate "liquidity, as well as government support. The SACP is 'bbb'. Our bank criteria use the BICRA economic risk and industry risk scores to determine a bank's anchor SACP, the starting point in assigning an issuer credit rating (ICR). The anchor SACP for a bank operating only in Korea is
