1995.07. The Commercial Bank of Korea, Shanghai Branch established 1996.09. Hanil Bank, Shanghai Branch established 1999.01. Woori Bank, Shanghai Branch was established following the merger of The Commercial Bank of Korea, Shanghai Branch and Hanil Bank,Shanghai Branch 1999.10. Moved office to Pu Dian Road by Century Avenue in Shanghai Pu Dong New Area 2000.08. Approved of RMB business by Peoples' Bank of China 2002.05. Hanvit bank changed its brand to Woori to coincide the name with the bank's holding company 2002.06. Increased Business Capital to equivalent RMB 301. 25M 2002.07. Approved of full-scale foreign currency business by Peoples' Bank of China 2002.09. Changed the name of branch office to "Woori Bank, Shanhai Branch" after H.O.name alteration