Woori Financial Management's First Move of the New Year: Purchase of 75,000 Treasury Shares

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group announced on the 8th that the group executives purchased approximately 75,000 shares of Woori Financial Group stock (treasury shares) to enhance corporate and shareholder value.

Woori Financial explained, "This demonstrates a strong determination by the group executives to overcome the ongoing COVID-19 crisis since last year and to achieve a new leap forward for Woori Financial Group in 2021 through united efforts, expressing this resolve both internally and externally."

Despite the COVID-19 crisis, Woori Financial has been evaluated as proving solid fundamentals by combining the M&A achievements realized after the transition to a holding company with efforts to improve the profit structure and manage soundness, enhancing its ability to respond to an improved financial environment.

A Woori Financial official said, "Based on solid fundamentals and soundness management capabilities, in the new year we will focus on improving profitability and turning around financial performance by leveraging an enhanced non-bank lineup and synergies," adding, "We will advance to strengthen group competitiveness through proactive risk management and strong cost efficiency."

The official added, "This treasury stock purchase as the first step of the new year was made not only to show confidence in group management but also to express a more active shareholder-friendly policy stance in response to the recent weakness in financial stocks."

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