Woori Financial Group Holds Emergency Financial Market Inspection Meeting Led by Lim Jong-ryong

Woori Financial Group announced on the 29th that it held an 'Emergency Financial Market Response Meeting' convened by Chairman Lim Jong-ryong, gathering holding company executives.

At the meeting, discussions were held regarding the recent surge in exchange rates following President Yoon Seok-yeol's declaration and lifting of martial law, as well as the impeachment crisis. Chairman Lim stated, "In particular, the won-dollar exchange rate closed at 1,467.5 won on the 27th, and it is necessary to respond with a long-term perspective and steady approach to financial market variables such as exchange rates and interest rates until early next year."

Woori Financial also decided to strengthen liquidity support for the real economy. Chairman Lim said, "Please strengthen monitoring of high exchange rate vulnerable sectors such as import companies and sensitive sectors like individual business owners, and pay close attention to ensuring that liquidity supply to the real economy proceeds without disruption." He added, "Especially, we will actively cooperate with the financial authorities' policy direction so that the banking sector's 'financial support for small business owners' can be implemented swiftly."

Internal controls including IT systems will also be reinforced. Chairman Lim urged, "Please secure reserve capacity in advance to prepare for increased transaction volumes at year-end and ensure thorough customer service." He also emphasized, "Since there are concerns about DDoS attacks and hacking taking advantage of political turmoil, all affiliates must raise their awareness of cybersecurity."

Regarding plans to enhance corporate value (value-up), he stressed, "The financial authorities are also steadily pursuing value-up policies, and Woori Financial should actively promote these so that investors and shareholders can feel reassured."

Meanwhile, Woori Bank also held an emergency executive meeting on the same day, chaired by the next president-designate Jeong Jin-wan, deciding to actively check liquidity in response to the rising exchange rate and provide financial support to companies including small business owners and self-employed individuals.

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