Woori Bank Adds Bitcoin Prices to Main Dealing Room in Seoul

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Quick Breakdown

• Woori Bank begins displaying bitcoin prices alongside FX and stock data in its Seoul dealing room.
• The move marks the first time a South Korean commercial bank shows crypto prices on a trading floor.
• Signals growing institutional interest in digital assets amid evolving government regulations.

Woori Bank has started displaying bitcoin prices in its main dealing room in Seoul, alongside won-dollar exchange rates and stock market data. This marks the first time a commercial bank in South Korea has featured a cryptocurrency price in a trading room where foreign exchange, bonds, and derivatives are actively traded.

A Woori Bank official said the move reflects the growing influence of digital assets in global financial markets.

“As digital assets continue to grow in prominence, we determined that they should be monitored as a key indicator to better read overall market trends.”

Signalling a move into digital assets

Although Woori Bank has not yet partnered with any cryptocurrency exchange, the display signals its intention to explore opportunities in the digital asset market. CEO Jung Jin-wan previously stated that “new opportunities will emerge as payments and the digital asset ecosystem become increasingly interconnected,” highlighting the bank’s strategic interest in crypto innovation.

Other South Korean banks are also exploring blockchain and digital asset applications. Hana Financial Group, for example, recently signed an agreement with Dunamu to introduce blockchain technology to overseas remittance services. These initiatives indicate a broader push by banks to incorporate digital assets into traditional finance operations.

Regulatory momentum for crypto

The South Korean government is accelerating efforts to refine its digital asset regulatory framework. Current proposals include allowing only consortia with at least 51% bank ownership to issue won-based stablecoins. Once finalized, such legislation could further expand the role of banks like Woori in leading regulated crypto initiatives.

Meanwhile, South Korea’s efforts to combat cryptocurrency tax evasion are intensifying as the adoption of virtual assets rapidly increases nationwide. Driven by a surge in investors, now exceeding 10 million, and by daily trading volumes reaching trillions of won, the National Tax Service (NTS) is preparing to deploy specialised crypto-tracking systems.