Lim Jong-ryong: "Actively Pursuing Securities Firm Acquisitions... Will Enhance Woori Financial Group's Competitiveness"

Officially Inaugurated Following the Regular General Meeting on the 24th

[Image source=Yonhap News]

Lim Jong-ryong, the designated chairman of Woori Financial Group, stated on the 24th that there is a plan to acquire a securities company to strengthen the non-banking portfolio, and if a good opportunity arises, they will actively pursue the acquisition.

On the same day, Lim arrived at the Woori Bank headquarters in Jung-gu, Seoul, and told reporters this. He will officially assume the chairman position after approval at the regular shareholders' meeting in the morning. He said, "I plan to focus on creating a new corporate culture, enhancing Woori Financial Group's competitiveness, and normalizing the holding company system," adding, "I feel a heavy responsibility, but I have the expectation that together with the executives and employees, we can build a great financial group."

Regarding the successor to Lee Won-duk, the president of Woori Bank who tendered his resignation on the 7th, he explained, "We will create and operate a new management succession program," and added, "Today (the 24th), we will hold a subsidiary CEO candidate recommendation committee meeting to finalize the procedures and methods and proceed immediately."

The Woori Financial Group Executive Candidate Recommendation Committee had confirmed Lim as the next chairman candidate on the 3rd of last month.

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