BRIEF HISTORY OF WOORI FINANCE
Woori Finance is one of the subsidiary of Woori Bank which is the four largest bank in South Korea with total assets volume of around 270 billion us dollars with thousands oversea branches network in many countries. Woori Bank has launched its new micro finance business in Cambodia through take over all share from one of good Micro Finance Institution names MALIS FINANCE from July 2014 and transform successfully to Woori Finance Cambodia with same vision and mission statement by keeping real localization its operation to offer micro and small loan to Cambodia People. MALIS FINANCE (MALIS) is established by end of 2010 as commercial base MFIs which owned by Korean company name Dong Kwang Pharmarceutical Co, Ltd. After registered at Ministry of Commerce, MALIS applied to operate micro finance business from National Bank of Cambodia (NBC) by November 2010. By December 2011, NBC offer approval as principal to MALIS to establish as licensed micro finance institution. Finally MALIS got official license from NBC by 28th February 2011 to do active micro finance service in Cambodia.