Lim Jong-ryong Sends IR Letter... "Will Develop Woori Financial Strongly and Soundly"
“Continued Efforts to Resolve Undervaluation”
Lim Jong-ryong, Chairman of Woori Financial Group, sent an investor relations (IR) letter to major investors. He once again expressed his commitment to enhancing corporate value (value-up) along with last year's key achievements.
In the letter, Chairman Lim stated, “Based on the solid fundamentals of the Korean economy and its high political maturity, we will develop Woori Financial Group into a stronger and more stable financial group,” and emphasized, “Considering the strong commitment to implementation by Woori Financial and other value-up disclosed companies, Korea's value-up policy will continue to be pursued consistently and unwaveringly.”
He continued, “Last year was an important turning point for Woori Financial Group,” mentioning that the group achieved full privatization through the purchase and cancellation of the remaining shares held by the Korea Deposit Insurance Corporation in March last year, and re-entered the securities business after 10 years, laying the foundation for shareholder returns and corporate value enhancement.
In particular, he noted, “As the first bank holding company to disclose a value-up plan and be included in the ‘Korea Value-Up Index,’ Woori Financial's growth potential was highly evaluated by the market.”
He also presented the group's management goals and strategies. Based on the solid trust, which is the essence of the financial industry, the group plans to strengthen the capabilities of each affiliate in core business areas such as corporate finance, capital markets, global business, and asset management, and continue to discover new businesses for future growth, including embedded finance partnerships.
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Finally, he said, “This year, I will personally visit overseas investors to explain Woori Financial's vision and strategy and expand opportunities to listen to diverse opinions,” adding, “We will continue efforts to enhance our credibility in the global market and resolve undervaluation.”
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