1 Followers USX:WF - Woori Financial Group Inc Woori Financial Group Inc
Sector: Financials, Industry: Regional Banks
Next Earnings: 18 Apr 2024
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USD 33.46    -0.72 (-2.11%)

27 Mar 2024


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General

CEO: Mr. Jong-Yong Yim

IPO: 2003-10-01

Headquarters: US

Employees: 0

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Description

Woori is one of Korea’s four largest commercial banking groups. It was formed in 2001 through the merger of several financially troubled banks affected by the Asian financial crisis and became temporarily 100% government-owned after a bailout. It had been the largest banking group by assets but is now number four after the government required the sale of a number of subsidiaries in 2014 in an effort to recoup taxpayer money. The government has completed the process of fully divesting itself of Woori, with Korea Deposit Insurance selling its final 1.2% stake in late 2023.

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