Woori Financial Capital Conducts 200 Billion KRW Rights Offering

First Paid-in Capital Increase After Integration into Woori Financial Group

[Asia Economy Reporter Kim Jin-ho] Woori Financial Capital, a subsidiary of Woori Financial Group, announced on the 2nd that it has resolved a paid-in capital increase worth 200 billion KRW.

With this paid-in capital increase resolution, Woori Financial Capital's equity capital has increased to the 1.2 trillion KRW level. As of the end of September, the leverage ratio is expected to decrease from around 9.6 times to the low 8 times range.

This capital increase was promoted as a preemptive measure in response to Woori Financial Group's active expansion of its non-bank sector as well as the strengthened leverage ratio regulations to be implemented from next year.

Woori Financial Capital plans to strengthen its capabilities as a capital company by building a digital auto finance platform, corporate finance, and enhancing group synergy, while actively expanding non-interest income such as leasing and rental services.

Park Kyung-hoon, CEO of Woori Financial Capital, stated, “With the active support of Woori Financial Group, a stepping stone for a new leap has been established,” and added, “We will further strengthen group synergy and continue more active and sustainable growth.”

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