Woori Finance Holdings Co., Ltd. is a Korea-based financial holding company engaged in the management of its subsidiaries. Through its subsidiaries and affiliated companies, the Company is engaged in the a range of businesses, including banking, securities, life insurance, credit card, asset management, consumer financing and investment fund businesses. The Company provides its products and services to individuals as well as corporations. As of December 31, 2011, the Company had 11 subsidiaries, including Woori Bank, The Kwangju Bank, Ltd., Kyongnam Bank, Woori Investment & Securities Co., Ltd., Woori Aviva Life Insurance Co., Ltd., WOORI ASSET MANAGEMENT CO., LTD., WOORI FINANCIAL CO., LTD, WOORI FG SAVING BANK, WOORI FIS CO., LTD., WOORI F&I CO., LTD. and Woori Private Equity Company, Ltd. On March 16, 2011, the Company established a wholly owned subsidiary, WOORI FG SAVING BANK.