Woori Financial Group announced its business results for the first quarter of 2025 at an investor relations (IR) conference on April 25.
Woori Financial Group realized a net profit of 615.6 billion won.
While its net profit decreased year-on-year due to one-time expenses and an increase in SG&A expenses, the financial group’s revenue generating power, including interest income and non-interest income, continued to grow steadily.
“In the first quarter, Woori Financial Group significantly improved its capital adequacy through various efforts in response to volatility in the Korean financial market, and actively implemented shareholder-friendly policies such as the introduction of advanced quarterly dividend procedures,” said an official of Woori Financial Group.
”In the second quarter, we expect to further improve the financial group’s profitability through a full-scale operation of its securities affiliate and its business diversification such as the mobile virtual network operator (MVNO) business.”
In particular, Woori Financial Group’s Common Equity Tier1 (CET1) stood at 12.42 percent, up by about 30 basis points quarter on quarter even in a challenging financial environment with high exchange rates, and expectations significantly expanded for the early achievement of a 12.5 percent target, a promise which the financial group made to the market this year thanks to efforts for efficient asset management including asset rebalancing.
Based on this, Woori Financial Group’s Board of Directors announced a first quarter dividend of 200 won per share, a year-on-year increase of 11 percent.
At the beginning of 2025, the financial group expanded its share repurchase and cancellation amount to 150 billion won, up about 10 percent from the previous year and continued to take the lead in elevating shareholder returns by gradually increasing its quarterly dividend for shareholders.
On the other hand, as uncertainties in the financial market expanded following an announcement of reciprocal tariffs by the U.S. government, Woori Financial Group activated the Reciprocal Tariff Damage Response Taskforce.
Woori Chairman Lim Jong-ryong personally checked the situation and prepared counter measures.
In addition to proactively preparing for sudden exchange rate fluctuations and monitoring liquidity, Woori Financial Group has decided to provide customized financial support worth about 10.2 trillion won for companies and small business owners affected by the reciprocal tariffs.
Through this, the financial group is planning to contribute to market stabilization and further strengthen the social roles of finance.
Chairman Lim’s First Solo IR Roadshow in Hong Kong on May 28
Woori Financial Group Chairman Lim will hold his first solo investor relations (IR) meeting after taking office in Hong Kong on May 28. In this IR event, Chairman Lim will directly explain the expected effects of Woori Financial Group’s acquisition of Tongyang Life Insurance and ABL Life Insurance and future management goals to overseas investors.
According to sources in the Korean financial industry, Chairman Lim will hold the IR event in Hong Kong from May 28 to 30.
The IT event will invite overseas institutional investors and major shareholders.
This will be the first time that Chairman Lim will carry out Woori Financial Group’s overseas IR activities on his own since he took office in March 2023.
In September 2024, he held a joint IR event with other financial holding companies in London of the United Kingdom.
Prior to the Hong Kong IR event, Chairman Lim will visit Indonesia on May 26.
He will visit Bank Woori Saudara and Woori Card to check their business operations and encourage employees.
“I will expand my activities to meet overseas investors, explain Woori Financial Group’s visions and strategies to them and listen to their various opinions,” Chairman Lim said in a letter to major overseas investors in January.
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