Woori Financial Group Financials and Management Insights

Woori Financial Group has a significant presence in South Korea with a network of over 300 branches and 1,200 ATMs across the country.

The group's financials are impressive, with total assets exceeding $1 trillion and a market capitalization of over $10 billion.

Woori Financial Group's management team is led by Group Chairman Sohn Kyung-shik, who has been instrumental in driving the group's growth and expansion.

The group's strong financial performance is a testament to its efficient management and strategic decision-making.

Expand your knowledge: Engine No. 1

Woori Financial Group's sales have seen a significant fluctuation over the years, with a notable dip in 2023.

In 2023, the company's banking sales decreased by 16% to 7,116 billion, compared to 2022's 7,698 billion. This is a stark contrast to the 2021 figure of 6,679 billion.

The credit card sales, on the other hand, experienced a decline of 21% in 2023, reaching 433 billion, down from 548 billion in 2022.

Here's a breakdown of Woori Financial Group's sales by activity in 2022 and 2023:

It's worth noting that the company's investment banking sales took a significant hit in 2023, with a decline of 15.55 billion.

Woori Financial Group Inc. saw a significant increase in sales across various activities in 2022. Banking sales reached 7,698 billion won, a notable jump from 6,679 billion won in 2021.

The credit card segment also experienced growth, with sales reaching 548 billion won in 2022, up from 506 billion won in 2021. However, credit card sales dropped to 433 billion won in 2023.

Capital sales remained steady, with 352 billion won in 2022 and 265 billion won in 2023. Other sales, which include various activities, continued to rise, reaching 2,007 billion won in 2023.

Here's a breakdown of sales by activity for Woori Financial Group Inc. from 2020 to 2023:

Woori FG is expected to beat the market consensus for 4Q22 earnings, marking a beat for all of 2022. This is due to its relatively few non-banking subsidiaries, which makes it less affected by issues like spread margin deterioration and declines in fee income.

The government's easing of regulations on residential home subscriptions is expected to boost loan growth, with an estimated 1.4% increase in 2023. This, in turn, should lead to higher net interest income.

Woori FG's willingness to increase shareholder return is seen as a positive, but it may face challenges in securing M&A funds due to its relatively few non-banking subsidiaries. This could put pressure on shareholder returns.

The firm's 4Q22 consolidated NP is forecast to be KRW509.9bn, which is 6.5% above market consensus. This is largely due to non-cash FX gains of KRW90bn.

Woori Bank's KRW-based loans are expected to reach KRW266tn in 4Q22, with a 1.67% net interest margin.

Expand your knowledge: Is Bank Interest Haram in Islam

Exposure is a key factor in determining a company's financial performance. Exposure refers to the extent to which a company is exposed to different material ESG issues.

Our exposure score takes into consideration subindustry and company-specific factors such as its business model. This score can vary greatly from company to company.

Woori Financial Group, Inc. has a medium exposure score, indicating that it is moderately exposed to different material ESG issues.

Consider reading: Lendingclub Credit Score

Analysts' recommendations play a significant role in shaping the market's perception of a company's financial performance. BofA has downgraded Woori Financial Group Inc. to Neutral from Buy.

The price target for Woori Financial Group Inc. has been adjusted to $31.15 from $36.92 by BofA. This change reflects a decrease in the company's potential value.

Here is a summary of the recent analyst recommendation for Woori Financial Group Inc.:

The recent analyst recommendation by BofA has sent a signal to investors about Woori Financial Group Inc.'s financial performance.

Understanding the top ESG material issues is crucial for any investor or business looking to make informed decisions. Woori Financial Group, Inc. is exposed to specific material ESG issues, and it's essential to understand how well companies are managing these issues.

Climate change is a significant concern for Woori Financial Group, Inc., as it's a major contributor to greenhouse gas emissions. The company's exposure to climate-related issues is a pressing matter that requires attention.

The financial performance of a company is closely tied to its ESG performance. A company's ability to manage its ESG issues can have a direct impact on its financial performance.

Expand your knowledge: Woori Bank

Woori Financial Group is a holding company that oversees several subsidiaries, including Woori Bank, Woori Investment & Securities, and Woori Capital.

The group's subsidiaries operate in various financial sectors, such as banking, securities, and asset management.

Woori Bank is the flagship bank of the group, with a network of over 900 branches and 4,000 ATMs across Korea.

Woori Financial Group has a strong presence in the Korean financial market, with a market capitalization of over $10 billion.

The group's headquarters is located in Seoul, South Korea, and is led by a team of experienced professionals.

A unique perspective: Kimco Realty Stock Market Quote

Woori Financial Group is a leading financial services company in South Korea, with a rich history dating back to 1899. It has undergone significant transformations over the years to become a modern financial services group.

The group's parent company, Woori Bank, was established in 1982 and was the first commercial bank in Korea to be listed on the stock market. Woori Bank has since grown to become one of the largest banks in Korea, with a strong presence in the country.

As of 2022, Woori Financial Group has over 1.3 million customers and a network of over 800 branches across Korea, making it a significant player in the country's financial sector.

Readers also liked: Korea National Insurance Corporation

If you're looking to stay on top of the stock market, it's essential to know where to find reliable information. The Korea S.E. Other stock markets have seen a significant surge in recent days, with the end-of-day quote reaching 17,190.00 on February 13th.

The 5-day change has been a notable +2.02%, indicating a steady increase in the market. Meanwhile, the 1st Jan Change is also impressive, with a +9.98% jump.

Let's take a closer look at the quotes for the Korea S.E. Other stock markets. Here are the details:

This data provides a clear picture of the market's performance over the past few days. The significant increase in volume on February 10th is particularly noteworthy, with 6,554,417 shares traded.

As you delve into the world of investor information, one crucial aspect to consider is the shareholders of Woori Financial Group Inc. The largest shareholder is the National Pension Service of Korea, holding an impressive 47,428,392 equities, which translates to a valuation of 526 million won.

The National Pension Service of Korea's significant stake in Woori Financial Group Inc. gives them a substantial amount of influence over the company's decisions. This is evident in their 6.387% ownership percentage.

Another notable shareholder is Woori Financial Group, Inc. ESOA, holding 43,914,720 equities, which accounts for 5.914% of the company. Their valuation stands at 487 million won.

Here's a breakdown of the top shareholders in Woori Financial Group Inc.:

WOORI FINANCIAL GROUP INC. itself also holds a significant stake, with 3,100,651 equities, accounting for 0.4175% of the company, and a valuation of 34 million won.

Valuation is a crucial aspect of investing, and Woori Financial Group Inc. is no exception. With a capitalization of up to 95.14 billion, it's essential to consider various valuation metrics to make informed investment decisions.

The P/E ratio is a widely used metric that compares a company's stock price to its earnings per share. For Woori Financial Group Inc., the P/E ratio in 2024 was 4.22x, while in 2025 it's expected to be 4.08x.

A different take: Renta 4 Banco

Here's a breakdown of the P/E ratio for Woori Financial Group Inc. over the years:

Enterprise value is another important metric that represents the total value of a company, including its debt and cash. For Woori Financial Group Inc., the enterprise value was up to 95.14 billion, and the EV/Sales ratio in 2024 was 1.14x, while in 2025 it's expected to be 1.19x.

Free float is a measure of the percentage of a company's shares that are available for public trading. In the case of Woori Financial Group Inc., the free float is 87.5%, making it a relatively liquid investment opportunity.

The yield, or dividend return, is another crucial aspect of valuation. For Woori Financial Group Inc., the yield in 2024 was 7.05%, while in 2025 it's expected to be 7.44%.

Worth a look: SpareBank 1 Nøtterøy–Tønsberg

Woori Financial Group's management and leadership are built on a foundation of experienced professionals.

The group has a strong track record of appointing seasoned executives to key positions, such as Cho Kwang-Soon, who has over 30 years of experience in the financial industry.

The company's leadership has been instrumental in driving its growth and expansion, with a focus on innovation and customer satisfaction.

Under their guidance, Woori Financial Group has successfully diversified its business, expanding into new areas such as digital banking and asset management.

Meet the team that's leading Woori Financial Group Inc.! The board members bring a wealth of experience and expertise to the table.

Chairman Chan-Hyung Chung is 69 years old and has been in the role since March 2024. He's got a wealth of experience, which is essential for making informed decisions.

Director In-Sub Yoon is also 69 years old and joined the board in January 2022. He's been a valuable addition to the team, bringing his skills and knowledge to the table.

The youngest board member is Sun-Young Park, who's a mere 43 years old. She joined the board in March 2024, bringing a fresh perspective to the team.

Here are the board members, listed by title:

Director Jong-Yong Yim is 65 years old and has been in the role since March 2023. He's got a wealth of experience, which is essential for making informed decisions.

Director Yo-Hwan Shin is 63 years old and joined the board in January 2022. He's been a valuable addition to the team, bringing his skills and knowledge to the table.

The board members have a range of ages, with the oldest being 69 years old and the youngest being 43 years old.

Broaden your view: Banks Board Bureau

Woori Financial Group Inc. has a diverse team of leaders, including CEOs, CFOs, and Compliance Officers. Jong-Yong Yim is the current CEO, having taken the role on March 23, 2023.

The company's leadership team also includes Sung-Wook Lee, who serves as the Director of Finance/CFO since December 31, 2018. Jae-Hwa Chun is the Compliance Officer, appointed on December 7, 2023.

The Board of Directors at Woori Financial Group Inc. consists of experienced individuals, including Chan-Hyung Chung, who serves as the Chairman since March 21, 2024. He is 69 years old.

Here's a list of the current Board of Directors:

As a manager, you need to be prepared to take on new challenges and responsibilities, just like a bodybuilder needs to bulk up to increase muscle mass. This means being adaptable and willing to learn new skills.

A key aspect of bulk-up management is delegation, which allows you to free up time and focus on high-priority tasks. Effective delegation can increase productivity by up to 30%.

To delegate effectively, you need to identify tasks that can be handed over to others and provide clear instructions and support. This can help to reduce stress and burnout.

Delegation is not a one-time task, but an ongoing process that requires regular monitoring and adjustments. As the situation changes, so too should your delegation strategy.

By delegating tasks and responsibilities, you can build trust with your team and empower them to take ownership of their work. This can lead to increased motivation and job satisfaction.

Empowering your team is a key aspect of bulk-up management, as it allows them to develop new skills and take on new challenges.

Expand your knowledge: Investment Banking Full Time Recruiting