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Finance

Woori Financial first-half net profit 1.61 trillion won, non-bank contribution rises to 22.3%

Woori Financial Group posted first-half net profit attributable to owners of the parent of 1.609 trillion won, up 3.7% from a year earlier, helped by higher capital markets fee income and the effect of consolidating an insurer. Second-quarter profit rose 66.4% from the previous quarter to 1.005 trillion won. Non-bank units’ share of group profit rose to 22.3%. The group announced a 220 won per share cash dividend for the second quarter.

Finance

Woori Financial Group to pursue 7 trillion won productive investment from startup scouting to IPO

Woori Financial Group is accelerating support for the growth of innovative companies based on a 7 trillion won productive investment plan. It aims to build a linked support system spanning startup discovery, early and follow-on investment, scale-up and initial public offerings to meet funding needs by growth stage. Woori Financial is pursuing a project to provide 90 trillion won in productive and inclusive finance over five years and is detailing the 7 trillion won investment plan.

Finance

Woori Financial posts 603.8 billion won Q1 net profit, down 2.1 percent

Woori Financial Group said on April 24 its first-quarter net profit fell 2.1 percent from a year earlier to 603.8 billion won, citing reduced securities and foreign-exchange related gains amid heightened market volatility linked to Middle East conflict and one-off provisions tied to overseas units. Net operating revenue rose 5.6 percent to 2.76 trillion won, supported by higher interest and non-interest income. Costs increased and asset-quality indicators weakened, while its CET1 ratio improved to a record 13.6 percent.