Son Tae-seung and Other Woori Financial Executives Purchase 85,000 Shares of Company Stock

"Expression of Confidence in Profitability Recovery in the Second Half"

Son Tae-seung, Chairman of Woori Financial Group

[Asia Economy Reporter Kim Hyojin] Woori Financial Group announced on the 10th that last week, Chairman Sohn Tae-seung and other executives purchased a total of 85,000 shares of their own stock (Woori Financial Group shares) on the market.

Chairman Sohn purchased an additional 5,000 shares of treasury stock for the fourth time this year, bringing his total holdings to 83,127 shares. Kwon Kwang-seok, President of Woori Bank, also purchased 5,000 shares, and 41 executives from major subsidiaries, the holding company, and Woori Bank participated, purchasing a total of 80,000 shares of treasury stock.

This treasury stock purchase, made immediately after the announcement of the first half earnings at the end of last month, was explained by Woori Financial as a demonstration by the entire group management of their commitment to strengthening responsible management for profitability recovery in the second half and enhancing shareholder value.

A Woori Financial official stated, "The recent treasury stock purchase by Chairman Sohn and the group executives is an expression of confidence in the recovery of profitability in the second half following the earnings announcement."

The official also said, "Although there are difficulties in face-to-face IR (Investor Relations) with domestic and foreign investors due to the constraints caused by the novel coronavirus infection (COVID-19), various forms of IR such as conference calls are continuously being conducted," adding, "Once the COVID-19 situation settles, we will actively pursue efforts to attract investors."

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