Korea’s banking groups have been doing well as stock trading has boomed and margins on lending have improved.
Woori Financial Group generated 672 billion won ($601.7 million) in net profit in the first quarter, up 29.7 percent on year and up 300 percent compared to the previous quarter.
Woori Financial Group Chairman Son Tae-seung, Woori Bank CEO Kwon Kwang-seok, and related officials, including outside directors, pose for a photo to commemorate the second anniversary of the foundation of Woori Financial Holdings.
While the the government failed to unload its stake in Woori Financial Group this year due to the Covid-19 pandemic's impact on stock prices, it vows to do so by 2022.
Woori Financial Group has joined the government’s 2050 carbon neutral vision as part of its effort to respond to climate change, the company announced Friday.
Woori Financial Group closed a deal to acquire Aju Capital, a capital leasing company, the financial company said Thursday.