Business · Companies · 17 hrs ago
Woori Bank and Kookmin University study its 1899 predecessor
Woori Bank and Kookmin University held a conference in Seoul on November 6 about the history of Daehan Cheon-il Bank.
The bank was founded in 1899 during the Korean Empire by merchants and government officials.
It is the predecessor of Woori Bank, and its history offers a view of how finance developed in Korea.
Researchers examined how the bank helped form national capital and the historical value of its accounting books.
They also considered Songdo bookkeeping, a traditional double-entry system used by merchants from Gaeseong.
Woori Bank is working with Kookmin University's industry-academic cooperation group to study historical materials held by the bank.
The research is intended to shed light on the bank's role in modern finance, but no further steps were specified.
Woori Bank and Kookmin University’s industry-academic cooperation foundation held a conference on research into the history of Daehan Cheonil Bank.
The conference took place on Nov. 6 at Woori Bank’s headquarters in Jung-gu, Seoul.
The research examines the bank’s role in the modern financial environment, the formation of its national capital, and the historical value of its accounting records.
Daehan Cheonil Bank, Woori Bank’s predecessor, was founded in 1899 by merchants and officials during the Korean Empire.
Woori Bank and the foundation are conducting academic research using historical materials held by the bank.
- Who
- Woori Bank and Kookmin University’s industry-academic cooperation foundation.
- What
- They held an academic conference and are researching the history and records of Daehan Cheonil Bank.
- When
- The conference was held on Nov. 6; Woori Bank announced it on Nov. 8.
- Where
- Woori Bank’s headquarters in Jung-gu, Seoul.
- Why
- To examine Daehan Cheonil Bank’s history and role in modern finance, and the academic value of its records.
This story does not have two clearly opposing sides.
Daehan Cheonil Bank was founded during the Korean Empire by merchants and officials.
Woori Bank and Kookmin University’s industry-academic cooperation foundation held an academic conference at Woori Bank’s headquarters in Jung-gu, Seoul.
Woori Bank announced that the conference had taken place.
- Founded
- 1899
- Conference date
- Nov. 6
- Conference location
- Woori Bank headquarters, Jung-gu, Seoul
- Research partner
- Kookmin University’s industry-academic cooperation foundation
- Accounting method
- Songdo-sagae bookkeeping method