Plan to Expand and Diversify Seoul Bank Part of Larger Trend

The Seoul skyline; image by cskkkk for Pixabay

Woori Bank’s plan to transform its circa 1950 Euljiro branch in Seoul, South Korea, which closed in July, from a five-story mid-rise into a 19-story high-rise with seven underground levels points to a larger trend of banks diversifying their real estate as banking shifts to digital, MAEIL BUSINESS NEWSPAPER was among outlets to report in July. Following final approval expected by the end of this year, the bank branch will become Woori Finance, boasting more integrated areas for banking, cultural and public space. KB Kookmin Bank is also working on transforming two branches in Seoul into multifunctional buildings with above- and below-ground levels. “Banks have been considering ways to increase the utilization of old (branches) located in good areas, and analysts say the transformation through reconstruction and redevelopment is accelerating,” the source observed.

Get more of Elevator World. Sign up for our free e-newsletter.

Please enter a valid email address.
Something went wrong. Please check your entries and try again.

SDSU PARKING ELEVATORS OPERATING WITH EXPIRED PERMITS

SDSU Parking Elevators Operating With Expired Permits

Grone

NEII Congratulates Grone on Retirement

SCHINDLER REFLECTS ON 2025 CHALLENGES, REWARDS

Schindler Reflects on 2025 Challenges, Rewards

Techno International Airport; image courtesy of Otis

Otis Provides 118 Units for New Cambodia Airport

Kennedy

In Memoriam: John Lee Kennedy

The renovation features new escalators and more; image courtesy of Robins & Morton.

Huntsville Airport Renovation Includes Vertical Transportation

ALIMAK’S 3Q RESULTS SHOW “RESILIENCE IN A CHALLENGING MARKET”

Alimak’s 3Q Results Show “Resilience in a Challenging Market”

ROBUST SERVICE AND MODERNIZATION BUOY KONE IN 3Q

Robust Service and Modernization Buoy KONE in 3Q