Woori Financial vows higher shareholder returns, value-up after record Q2

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Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, plans to significantly enhance its shareholder value via a corporate value-up program after posting its highest-ever operating profit in the second quarter.

MAXIMIZING SHAREHOLDER VALUEOn Thursday, Woori Financial announced an aggressive shareholder return policy as part of efforts to its corporate value-up program launched by Woori Financial Group Chief Executive and Chairman Yim Jong-yong.

The financial group, whose affiliates include Woori Bank, Woori Card, Woori Capital and Woori Investment Bank, posted 534.8 billion won in second-quarter non-interest income, up 92% from 278.4 billion won in the year-earlier period.

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Article Details

Category: Economy

Markets: South KoreaChina

Topics: Billion Quarter Interest Corporate Return Woori Company Group Profit Shareholder Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 11:25:54 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 570 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 21779004

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