Lim Jong-ryong, Chairman of Woori Financial Group, purchased 10,000 shares of Woori Financial Group stock on the open market for the first time since his inauguration.
On the 6th, Woori Financial stated, “Chairman Lim recently decided to buy back company shares to actively signal his intention to boost the stock price to both internal and external parties, as Woori Financial’s stock price remained stagnant amid the global economic slowdown.” CEOs and executives of major Woori Financial subsidiaries also participated in the share buyback.
A Woori Financial official said, “Since Chairman Lim took office, Woori Financial has shown a more proactive approach to shareholder returns than ever before through the first share buyback and cancellation since the holding company’s launch, as well as quarterly dividends,” adding, “With Chairman Lim’s first share purchase as a turning point, we plan to accelerate communication with the market and shareholders while making greater efforts to enhance corporate value and achieve results by strengthening core business competitiveness.”
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