Hwang Byeong-woo, Chairman of DGB Financial, Holds Overseas Investor IR in Singapore

DGB Financial Group announced on the 4th that it held an investor relations (IR) meeting targeting major shareholders and potential investors in Singapore, Hong Kong, and other locations from the 23rd to the 26th of last month. The company explained that this meeting reflected the proactive will of Hwang Byung-woo, Chairman of DGB Financial, to maximize shareholder value and boost stock prices, which is one of the group’s mid-term strategic initiatives.

During the meeting, the group directly communicated with key investors about recent management performance, including the main management strategies and directions following the transition of iM Bank to a commercial bank, as well as the first half-year results. In particular, they listened to investor opinions on shareholder return policies, which are a major market concern, and on the capital market value-up program.

Recently, DGB Financial Group reestablished its mid-term management plan to achieve qualitative growth befitting a commercial financial group and to participate in financial company value-up programs. Instead of focusing on increases in profits and assets, the group set mid-term goals to improve capital efficiency, clearly defining a direction toward qualitative growth rather than scale. Specific goals based on this strategy are planned to be announced through the value-up program in October.

Chairman Hwang said, “While meeting with major and potential shareholders, we explained the positioning strategy as a commercial bank and had sufficient communication about the group’s solid core growth strategies.” He emphasized, “We will continue to actively practice responsible management and strive to enhance shareholder value through shareholder-friendly policies.”

Meanwhile, since the meeting was held in Singapore, Chairman Hwang visited the office of the group’s Singapore subsidiary, Hi Asset Management Asia (HiAMA), to encourage the employees.

HiAMA, which was incorporated earlier this year as the group’s 11th subsidiary and first overseas subsidiary, is actively utilizing excellent local talent and infrastructure in Singapore and securing a stable proprietary track record to attract domestic and international investment funds. It is expanding its business by leveraging the group’s domestic and international networks and funding external capital.