Black Pink has been selected as the latest endorsement models for major South Korean lender Woori Bank.

The decision, which was revealed by industry sources on January 13, means that the group will officially be replacing the bank's previous endorsement model, ZE:A member and drama actor Park Hyung Sik.

Meanwhile, other past celebrities that have been selected to represent the brand in various promotions include 'Nation's MC' Yoo Jae Suk, actor Jang Dong Gun, and actor Won Bin.

Woori Bank is among a number of South Korean banks using popular Hallyu stars to promote their services. Similarly, BTS and Wanna One have held similar contracts with Kookmin Bank and Shinhan Bank, respectively.