
Woori Financial Group Chair Yim Jong-yong highlighted the group’s key accomplishments and reiterated his commitment to enhancing corporate value in a letter to major investors.
According to Woori on Sunday, Yim emphasized his dedication to transforming Woori Financial into a stronger and more resilient financial group, citing Korea’s robust economic fundamentals and high level of political maturity as key enablers.
“Given the strong commitment of value-enhancing enterprises, including Woori Financial, Korea’s value-up initiatives will be pursued consistently and unwaveringly,” Lim wrote in the letter.
The chairman highlighted 2024 as a pivotal year for the financial group, referencing the company’s complete privatization following the repurchase and cancellation of remaining shares held by the Korea Deposit Insurance Corp. in March.
He noted the group’s reentry into the securities business after a decade, establishing a foundation for shareholder returns and enhanced corporate value.
“Woori Financial was the first banking group to announce a value-up plan and to be included in the Korea value-up index, underscoring the market’s recognition of our growth potential,” Lim said.
The letter also laid out the group’s management goals and strategies. The Woori Financial chief pledged to strengthen the key business areas of corporate finance, capital markets, global operations and wealth management by enhancing the capabilities of individual subsidiaries.
He also stressed his intention to engage with global investors this year directly.
“We’ll expand opportunities to communicate our vision and strategies, actively listening to diverse opinions,” he said. “Our efforts to enhance credibility in the global market and address undervaluation will continue unabated.”
By Jie Ye-eun (yeeun@heraldcorp.com)