Tag: Woori Financial Group

Woori Financial Group

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Woori Financial Group's net profit drops 2.9 percent in first quarter

Woori Financial Group on Friday reported a decline in its first-quarter net profit on increased costs.

2026.4.24

Yim Jong-yong, chairman of Woori Financial Group, speaks during a press briefing at the company's headquarters in Jung District, central Seoul, on Sept. 29. [NEWS1]

Yim Jong-yong nominated for another term as Woori Financial Group chair in first-ever move

Yim Jong-yong has been nominated for another term as chairman of Woori Financial Group, marking the first time the company has reappointed a chairman since its establishment.

2025.12.29

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Woori Financial Group CEO and Chairman Yim Jong-yong speaks during a press conference held at Woori Bank's headquarters in Jung District, central Seoul, on Sept. 29. [YONHAP]

Woori to invest $57B over 5 years in advanced industries, underserved community support

Woori Financial Group will invest 80 trillion won over the next five years in advanced industries like AI and biotech, as well as on support for underserved communities.

2025.9.29

Woori Financial Group chairman Yim Jong-ryong, center, poses for the camera with employees of Tongyang Life Insurance and ABL Life Insurance. [WOORI FINANCIAL GROUP]

Woori Financial Group finalizes purchase of Tongyang Life, ABL Life

Woori Financial Group has completed its acquisition of Tongyang Life Insurance and ABL Life Insurance, finalizing the deal nearly 10 months after signing a stock purchase agreement in August 2024, the company announced Tuesday.

2025.7.2

Pictured is Woori Financial Group's office in Jung District, central Seoul, on March 17. [YONHAP]

Woori to spend $6.9 billion on loans, rate cuts for tariff-impacted businesses

Woori Financial Group will invest $6.9 billion to support export firms impacted by U.S. tariffs, focusing on semiconductors and auto.

2025.4.9

Woori Financial Group Chairman Yim Jong-yong, left, and Financial Supervisory Service Gov. Lee Bok-hyun converse during a signing ceremony for the training of independent directors in central Seoul on Feb. 13. [YONHAP]

FSS downgrades Woori's management rating over 73 billion won loan scandal

The Financial Supervisory Service downgraded Woori Financial Group one notch as the watchdog wrapped up its probe into illicit loans to people affiliated with former Chairman Son Tae-seung.

2025.3.17

Financial Supervisory Service Gov. Lee Bok-hyun speaks during a meeting with chief executives of banks at the Korea Federation of Banks in central Seoul on Feb. 19. [NEWS1]

FSS Gov. Lee says Woori chairman should finish term despite loan scandal

Korea's financial regulator urged Woori Financial's Chairman Yim Jong-yong to stabilize leadership.

2025.2.19

Woori Bank headquarters building in Jung District, central Seoul [WOORI FINANCIAL GROUP]

Woori strategizes, reaches out to investors over martial law market fallout

Woori Financial Group held a meeting and called on employees to remain vigilant over market instability, while assuring investors that the bank is capable of weathering any uncertainties.

2024.12.16

Sohn Tae-seung, former chairperson of Woori Financial Group, center wearing a mask, arrives at the Seoul Southern Court on Tuesday to attend his arrest warrant hearing. [NEWS1]

Court rejects arrest warrant for Woori's Sohn Tae-seung over loan allegations

A court has rejected an arrest warrant sought for Sohn Tae-seung, former chairperson of Woori Financial Group, on suspicions of extending inappropriate loans to his relatives, judicial officials said Wednesday.

2024.11.27

A Woori Bank branch in Jung District, central Seoul, on April 28, 2022. [YONHAP]

Prosecutors raid Woori HQ over ex-chairman loan scandal

Prosecutors raided the offices of the Woori Financial Group chief and Woori Bank CEO on Monday over a major loan scandal involving its former chairman.

2024.11.18