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Woori Financial Group Inc (Woori Financial Group) is a financial company. It carries out businesses through its subsidiaries operating in corporate banking, consumer banking, credit card operations, investment banking and capital markets activities. The company provides ancillary services on a fee basis, such as transfers of funds from branches and agencies of a company to its headquarters, inter-account transfers and transfers of funds from a company’s customer accounts to the company’s main account. Woori Financial Group also offers mortgage and home equity loans, general-purpose household loans, retail banking services and real estate advisory services. It serves small- and medium-sized enterprises, individuals, large corporations and government-owned enterprises. The company operates through its branches located in South Korea. Woori Financial Group is headquartered in Seoul, South Korea.
Headquarters
South Korea
Address
51, Sogong-Ro, Jung-Gu, Seoul, 04632
Website
www.woorifg.com
Telephone
82 2 21252000
No of Employees
13,434
Industry
Financial Services
Ticker Symbol & Exchange
316140 (KRX)
Revenue (2022)
$20.4B
30.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-20.2%
(2022 vs 2021)
Market Cap*
$7.3B
Net Profit Margin (2022)
XYZ
-38.8%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Loans | Investment Banking | Visa |
| Credit Cards | Capital Markets Activities | Woori |
| Deposits | Private Banking | BC Card |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In February, the company announced its plans to acquire Korea Foss Securities, an online brokerage firm. |
| 2023 | Plans/Strategy | In January, the company announced its plans to acquire a majority stake in Daol Investment. |
| 2022 | Contracts/Agreements | In September, the company entered into an agreement to acquire BNP Paribas Cardif Life. |
Competitor Comparison
| Key Parameters | Woori Financial Group Inc | Hana Financial Group Inc | Sumitomo Mitsui Financial Group Inc | KB Financial Group Inc | JB Financial Group Co., Ltd. |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | Japan | South Korea | South Korea |
| City | Seoul | Seoul | Chiyoda-Ku | Seoul | Jeonju |
| State/Province | - | Seoul | Tokyo | - | - |
| No. of Employees | 13,434 | 101 | 109,434 | 25,320 | 69 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tae-seung Son | Chairman; Chief Executive Officer; President | Executive Board | 2017 | 63 |
| Won-duk Lee | Senior Deputy President; Director | Executive Board | 2020 | 60 |
| Dong-su Choi | Management Support Unit; Deputy President | Senior Management | - | 60 |
| Byoung–kwon Woo | Managing Director; Compliance Officer | Senior Management | - | 58 |
| Min-Cheol Shin | Deputy President, Audit Unit | Senior Management | - | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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