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The Hong Kong Monetary Authority announced today (October 3) that the Monetary Authority has registered Woori Global Markets Asia Limited (WGMA) as a deposit-taking company under the Banking Ordinance. The registration took effect on September 29, 2006.
WGMA was incorporated in Hong Kong. It is a wholly owned subsidiary of Woori Bank. Woori Bank is the third largest bank in South Korea and it has a branch in Hong Kong.
After the granting of a deposit-taking company registration to WGMA, the number of deposit-taking companies in Hong Kong has increased to 34.
For further enquiries, please contact:
Hing-fung Wong, Officer (Press), at 2878 1802 or
Thomas Chan, Senior Manager (Press), at 2878 1480
Ends/Tuesday, October 3, 2006
Issued at HKT 17:01
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