Woori Financial Group said Wednesday it has relocated the headquarters of its Woori Smile Microcredit Bank from Seoul's Euljiro to Changsin-dong in Dongdaemun District, aiming to improve access to financial services for small business owners and low-income borrowers. The move marks the first step in the group's plan announced in March to strengthen its microfinance network. Changsin-dong, home to traditional markets and a garment manufacturing cluster, was chosen to bring financial counseling and support closer to small business owners. Woori said microcredit bank employees will also visit business sites to provide on-site consultations for people who have difficulty visiting branches during business hours. Woori Financial plans to expand the microcredit bank's regional network from eight branches to 12, adding offices in cities including Jeonju, North Jeolla Province, and Cheongju, North Chungcheong Province. The relocation ceremony was attended by Woori Financial Group Chairman Yim Jong-yong, Kim Eun-Kyung, president of the Korea Inclusive Finance Agency, Woori Bank CEO Jung Jin-wan and