Woori Bank "DLF Litigation, Will Humbly Accept Court Ruling"

Financial Supervisory Service "Will Review Whether to Appeal"

[Asia Economy Reporter Jin-ho Kim] Woori Bank announced on the 27th that Sohn Tae-seung, Chairman of Woori Financial Group, will "humbly accept the court's ruling" regarding the first trial result of the cancellation lawsuit filed with the Financial Supervisory Service over the overseas interest rate-linked derivative-linked fund (DLF).

In a statement released that day, Woori Bank said, "We respect the court's judgment" and added, "So far, Woori Bank has promptly accepted the Financial Supervisory Service's dispute mediation proposals under the judgment that restoring customer damages is the most urgent task."

It continued, "We have actively pursued trust restoration measures, such as completing compensation for the majority of customers," and added, "We will continue to thoroughly cooperate with policies for internal control and financial consumer protection."

Meanwhile, the Financial Supervisory Service plans to decide whether to appeal after a thorough analysis once the judgment document is obtained. After the ruling, the Financial Supervisory Service stated, "We respect the court's ruling" and added, "We will carefully review detailed matters such as the standards for the obligation to establish internal control criteria and organize our position."

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