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

Total Shares Held Increased to 98,127

[Asia Economy Reporter Kim Jin-ho] Woori Financial Group announced on the 13th that Chairman Sohn Tae-seung purchased 5,000 shares of the company’s stock on the market, bringing his total holdings to 98,127 shares of Woori Financial Group. Executives of Woori Financial Group also participated in Chairman Sohn Tae-seung’s stock purchase.

Chairman Sohn purchased the shares on the 9th, immediately after the Deposit Insurance Corporation’s announcement of the 'Sale of Remaining Shares of Woori Financial Group.' Woori Financial explained that this demonstrated his commitment to actively cooperate in the sale process to achieve a successful 'complete privatization' and to upgrade the fundamentals further by delivering strong performance in the second half of the year.

A Woori Financial Group official stated, “If this share sale, conducted through a competitive bidding process based on desired quantities, succeeds, it is expected to be an important momentum for increasing corporate value by stabilizing market supply and demand and achieving the complete privatization of Woori Financial Group.”

He added, “We plan to announce the third-quarter earnings at the end of next month, and we will do our best to continue strong performance in the second half and actively pursue shareholder-friendly policies.”

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