Wuxi representative office of Korea Kwangju Bank opens
Posted by: Release time: Browse:

On November 22, the opening ceremony of Wuxi Representative Office of Korea Kwangju Bank was held in Xinwu District. Before the ceremony, Huang Qin, member of the Standing Committee of the CPC Wuxi Municipal Committee and Executive Deputy Mayor of Wuxi, met Director of Kwangju Bank.

Korea Kwangju Bank is one of the 7 financial groups in Korea held by JB Financial Group. Established in1968, it had over 160 subsidiary banks and over 1,700 employees with total assets of 20.3 trillion US dollars till 2016. After investigating Beijing, Shanghai, Shenzhen, Nanjing, Wuxi and other places, Korea Kwangju Bank finally set up its branch in Wuxi and got the formal administrative license from relevant departments of Jiangsu Province in September. Wuxi Representative Office of Korea Kwangju Bank is the first subsidiary bank in China.

Reportedly, Wuxi High-tech District has always adhered to attracting investments from overseas. After ShinHan Bank, attracting Korea Kwangju Bank is a new fruit of developing various investment channels, which will provide better financial services for South Korea enterprises in Wuxi and further improve the development environment for foreign enterprises in Wuxi High-tech District.