Im Jong-ryong, chairman of Woori Financial Group, has purchased 5,000 shares of Woori Financial Holdings on the open market.
Woori Financial announced on September 2 that Im made the share purchase on August 24, shortly after completing the full integration of Dongyang Life into the company and officially announcing the merger of Dongyang Life and ABL Life. This move reflects the group's commitment to enhancing corporate value.
The share buyback included participation from 56 individuals, including Im, representatives from 16 subsidiaries, and executives from the holding company and major subsidiaries.
Woori Financial is pursuing diversified revenue structures through balanced growth in both banking and non-banking sectors. The banking division has executed 91% of its annual loan target for productive finance in the first half of this year. In the non-banking sector, the company completed a capital increase for its securities firm in May and began the integration of Dongyang Life and ABL Life last month.
A Woori Financial official stated, "The participation of the group's management in the share buyback demonstrates a commitment to responsible management and support for the stock price. We will implement our value-up plans to address undervaluation and meet market expectations for shareholder returns."
Im will also hold an investor relations (IR) meeting for European investors this month, following an IR session for Asian investors in June. He plans to discuss the group's profit-generating capabilities, future management direction, and corporate value enhancement plans.
* This article has been translated by AI.
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