KCGS Supports All Shareholders' Meeting Agendas, Including Reappointment of Woori Financial Group Chairman Lim Jongryong

Korea Corporate Governance Service (KCGS) has expressed its support for the agenda item concerning the reappointment of Lim Jongryong as Chairman of Woori Financial Group, ahead of the group's regular general shareholders' meeting scheduled for March 23, 2026.

KCGS announced on March 18, 2026, that it had issued an agenda report on March 17, in which it gave a favorable opinion on all shareholder meeting agenda items, including the reappointment of Chairman Lim as an inside director.

In particular, KCGS commented on the reappointment of Chairman Lim as an inside director, stating, "He has achieved significant management results by successfully entering the securities business and acquiring an insurance company, thereby completing a comprehensive financial group portfolio, and by implementing active shareholder return policies that have more than doubled the market capitalization. Based on his experience and expertise as Chairman of the Financial Services Commission and Chairman of NH Financial Group, he is deemed the right person to successfully accomplish the group's immediate tasks, such as elevating it to a top-tier comprehensive financial group."

KCGS also supported the appointments of outside directors Yoon Inseop and Ryu Jeonghye, as well as the appointment of Jeong Yonggeon as a member of the Audit Committee (outside director). KCGS evaluated these candidates as having faithfully performed their duties as directors by working to enhance shareholder value, or as possessing expertise in financial strategy and financial consumer protection.

In addition, KCGS recommended approval for other agenda items, including amendments to the articles of incorporation reflecting revisions to the Commercial Act, approval of the directors' remuneration limit, and approval of last year's financial statements.

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