Woori Bank announced resignation of Il-Hwa Hong, Hesuk Chun, Han-Gi Jung, Ho-Geun Lee, Sungsoo Koh and Sung-Yong Kim as Outside Directors of the company and announced resignation of Hesuk Chun, Sungsoo Koh and Sung-Yong Kim as Audit Committee Members of the company. The bank also announced the appointment of Sung-Tae Ro, Sang-Hoon Shin, Sang-Yong Park, Zhiping Tian and Dong-Woo Chang as Outside Directors of the company. Sung-Tae Ro was President, Korea Economic Research Institute. Sang-Hoon Shin was President & CEO, Shinhan Financial Group. Sang-Yong Park was Chairman, Public Fund Oversight Committee. Zhiping Tian was Director-General Manager, Industrial and Commercial Bank of China Middle East Limited /ICBC London Limited, Vice President, ICBC, Branch of Sichuan Province. Currently Vice General Manager, China Fellow Partners Limited. Dong-Woo Chang was Representative Partner, IMM Investment Management, Currently CEO, IMM Investment Corp. And announced appointment of Sang-Hoon Shin and Dong-Woo Chang as Audit Committee Members of the company with effect from December 30, 2016.