[Company] Woori Bank temporarily reduces mid-payment cancellation fee in November

Woori Bank has decided to temporarily reduce the total amount of prepayment cancellation charges imposed on prepayment of household loans next month.

Woori Bank said it is a measure designed to ease the financial cost burden on its lending customers and plans to consider extending the period depending on the situation.

The prepayment cancellation is the cost of repaying the loan before the loan's maturity date, with a fixed rate of 0.7 to 1.4 percent and a variable rate of 0.6 to 1.2 percent.