Woori Financial Group Inc (ADR) (N:WF)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| Company Contact | |
| Address: | 51, Sogong-ro, Jung-gu SEOUL 04632 |
| Tel: | N/A |
| Website: | https://www.woorifg.com |
| IR: | See website |
| Key People | ||
| Gwang Yik Jang Vice President | Hae Gwang Lee Assistant Managing Director | Jae Hwa Jeon Vice President |
| Chan Ho Jung Vice President | Gyu Hwang Jung Vice President | Jeong Su Lee Vice President |
| Seong Wuk Lee Vice President | Yil Jin Ok Vice President | Jang Geun Park Vice President | Yun Hong Song Vice President |
| Business Overview |
| Woori Financial Group Inc. is a financial holding company. The Company's main subsidiary companies include Woori Bank, WOORI FIS Co., Ltd., Woori Finance Research Institute, woori credit Information co., Ltd., Woori Private Equity Asset Management Company, Ltd and WOORI FUND SERVICE LIMITED., among others. Woori Bank provides deposits, loans, funds, foreign exchange transactions, payment guarantees, securities investment, trust investment, and credit card services. WOORI FIS Co., Ltd. provides computer system installation and development, software development, telecommunication equipment supply and maintenance services. Woori Finance Research Institute conducts research activities on management strategies and the financial industry. woori credit Information co., Ltd. is engaged in credit investigation and collection of bonds. WOORI FUND SERVICE LIMITED. is engaged in private equity investment. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Woori Financial Group Inc (ADR) interest income increased 41% to W20.642T. Net interest income after loan loss provision decreased 12% to W6.848T. Net income applicable to common stockholders decreased 22% to W2.375T. Net interest income after loan loss provision reflects Bank segment decrease of 1% to W6.536T, Capital Market segment decrease of 14% to W324.01B. |
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