Tag: woori

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Four financial groups post record 11.34 trillion won in half-year profit

Booming securities and asset management earnings due to the surging stock market offset slower bank growth.

2026.7.24

Tourists arrive at Incheon International Airport on May 1. [YONHAP]

Woori begins distributing its foreigner-friendly prepaid Nol World Card at Incheon airport

Woori Bank began distributing its Nol World Card, a prepaid card aimed at foreign visitors, at Incheon International Airport on Wednesday as the lender seeks to expand its foreign customer base.

2026.5.13

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Woori Financial Group headquarters in central Seoul on March 17 [YONHAP]

Woori Financial Group Q3 net profit up 40.9% to 1.29 trillion won

Woori Financial Group on Wednesday reported its third-quarter net income of 1.29 trillion won ($902.9 million), up 40.9 percent from a year earlier.

2025.10.29

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

Woori Financial set to acquire Tongyang Life, ABL Life after FSC's conditional approval

Woori Financial Group is set to acquire Tongyang Life Insurance and ABL Life Insurance, completing the process by early July after navigating several hurdles.

2025.5.2

Woori Financial's net rises 23 percent in 2024

Woori Financial Group said Friday its net profit surged 23.1 percent from a year earlier in 2024 on the rise in both interest and non-interest income.

2025.2.7

Woori Financial Group headquarters [WOORI FINANCIAL GROUP]

Woori Financial Group chair vows to enhance corporate value in letter to investors

Woori Financial Group Chairman Yim Jong-yong reiterated his determination to enhance corporate value in a letter to its investors.

2025.1.19

Woori Bank CEO Cho Byung-kyu attends a conference in central Seoul on June 19, following an uncovering of a major embezzlement case. [YONHAP]

Woori Bank CEO Cho Byung-kyu to step down at end of term amid loan scandal

Woori Bank CEO Cho Byung-kyu will step down when his current term ends on Dec. 31, as its board reportedly decided against reappointing the chief executive for another term following a major loan scandal.

2024.11.22

From left to right are the office buildings of KB, Shinhan, Hana and Woori financial holding firms. [EACH COMPANY]

Q1 earnings for financial big four decline on one-off expenses

Shinhan, Hana, Woori and KB all reported an on-year drop in earnings for the first quarter, driven largely by compensation reserves for Hong Kong-tied derivative products.

2024.4.26

Woori Bank CEO Cho Byung-kyu speaks to bank employees at a conference in Ilsan, Gyeonggi, in January. [YONHAP]

Woori Bank targets wealthy customers with planned branch expansion

Woori Bank pledged to expand the number of branches serving wealthy customers by more than threefold in two years to become a specialized wealth management bank.

2024.3.7

Woori Financial Group office in central Seoul [YONHAP]

Woori Financial Group reports 20% drop in net profit

Woori Financial Group reported 2.52 trillion won ($1.9 billion) in net profit last year, down almost 20 percent from a year earlier, due to one-off provisions and a rise in borrowing costs, the company said Tuesday.

2024.2.6