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home / news releases / WF - Shinhan KB: High-Quality Korean Banks Will Weather The COVID-19 Storm


WF - Shinhan KB: High-Quality Korean Banks Will Weather The COVID-19 Storm

Once the country most affected by the COVID-19 outbreak outside of China, South Korea has quickly recovered from the panic days of March. Thanks in part to the effective measures taken by the government (contacts tracing, itinerant testing) and in part to a compliant attitude from citizens (wearing facial masks at all times), Korea has been able to flatten the curve well before Europe and limit the spread of the virus, even without ever entering a lockdown. The country has shown resiliency after learning a lesson the hard way during the MERS outbreak in 2015.

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Stock Information

Company Name: Woori Bank American Depositary Shares
Stock Symbol: WF
Market: NYSE
Website: woorifg.com

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