Son Tae-seung, Chairman of Woori Financial Group, Purchases 5,000 Shares of Company Stock... Third Time This Year

On-site IR Events Held in the Americas Region Since the 27th of Last Month

[Asia Economy Reporter Yu Je-hoon] Woori Financial Group announced on the 5th that Chairman Sohn Tae-seung purchased 5,000 shares of the company’s stock (Woori Financial Group shares) on the open market. With this, Chairman Sohn now holds a total of 118,127 shares of the company’s stock.

This is the third time this year that Chairman Sohn has purchased company shares. Whenever the stock price has been excessively undervalued, he has bought back shares to continuously demonstrate his commitment to enhancing corporate value to the market. Recently, amid significant fluctuations in the financial market due to concerns over a global economic downturn, he purchased an additional 5,000 shares, expressing confidence in Woori Financial Group’s solid fundamentals and future business performance, as well as his proactive determination to increase corporate value as the CEO, according to the company.

Meanwhile, Chairman Sohn has also been conducting overseas investor relations (IR) meetings in the Americas since the 27th of last month. With the easing of entry restrictions in major international financial cities due to the COVID-19 endemic phase, Chairman Sohn has been actively expanding his global presence, visiting the Americas?including New York and Boston?as his second stop following Singapore in May.

A Woori Financial Group official stated, "This year, the foreign ownership ratio of Woori Financial Group shares has significantly increased, and interest from overseas investors is higher than ever. Internally, we will continue to strengthen our fundamentals and actively pursue efforts to expand the base of domestic and international investors in the second half of the year."