Son Tae-seung, Chairman of Woori Financial Group, Purchases 5,000 Shares of Company Stock

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group announced on the 6th that Chairman Sohn Tae-seung took the first step of the new year to enhance corporate and shareholder value by purchasing 5,000 treasury shares on the first trading day of the stock market this year. With this purchase, Chairman Sohn now holds a total of 68,127 treasury shares.

Last year, Woori Financial stabilized its holding company system and newly incorporated two asset management companies and a real estate trust company into the group through an active portfolio expansion strategy. Despite very challenging internal and external management environments, the company explained that it began to establish its stature as a comprehensive financial group by achieving record-high recurring earnings based on solid fundamentals.

Additionally, by attracting Taiwan's Fubon Financial Group as a long-term investor, Woori Financial eliminated the overhang issue caused by the sale of all cross-shareholdings that occurred during the transition to a holding company and the incorporation of subsidiaries. Last year, it was the only company in the industry to see an increase in foreign shareholding ratio.

A Woori Financial official stated, “Chairman Sohn Tae-seung set the group’s goal for this year as ‘achieving the No. 1 comprehensive financial group through customer trust and innovation,’ and his purchase of treasury shares on the first trading day of the new year demonstrates his commitment to not neglect shareholder value in the process of achieving this goal both internally and externally. We plan to take a more active IR approach this year, including meeting various domestic and international investors.”

This content was produced with the assistance of AI translation services.