Son Tae-seung, Chairman of Woori Financial Group, Purchases Additional 5,000 Shares of Company Stock

Declaration of Commitment to Active Shareholder Return Policy Implementation

Son Tae-seung, Chairman of Woori Financial Group. (Photo by Woori Financial)

[Asia Economy Reporter Jin-ho Kim] Woori Financial Group announced on the 3rd that Chairman Sohn Tae-seung purchased 5,000 shares of the company's stock (Woori Financial Group shares) on the open market, bringing his total holdings to 93,127 shares of Woori Financial.

Since his appointment as CEO of Woori Bank in March 2018, Chairman Sohn has continuously purchased company shares during critical periods. Through a total of 14 purchases, he has demonstrated not only the solid fundamentals of Woori Financial Group but also his commitment to enhancing corporate value to the market.

Woori Financial explained that Chairman Sohn’s additional stock purchase reflects confidence in the second half performance despite concerns over delayed economic recovery due to the recent spread of COVID-19 variants. It also signifies the intention to implement an active shareholder return policy.

Earlier, on the 21st of last month, Woori Financial announced in its first-half earnings report that it achieved record-high performance since its transition to a holding company, based on upgraded profitability, soundness, and increased synergy among subsidiaries. Subsequently, on the 23rd of last month, it disclosed the decision to conduct the first interim dividend since the establishment of the holding company as part of active shareholder returns.

A Woori Financial Group official stated, “Based on solid profit generation in the first half, Woori Financial Group will do its best to maintain strong performance in the second half.”