Woori Financial Group(316140) said on the 2nd that Chair Yim Jong-ryong bought 5,000 shares of Woori Financial Group on the market on the 24th. The purchase price per share was 31,800 won. Yim's treasury shares increased to 15,000.
The company said Yim conveyed to the market his intent to raise corporate value based on securing growth momentum in banking and nonbanking through this purchase. In particular, the stock purchase took place as the group wrapped up about four months of procedures to make Tongyang Life Insurance a wholly owned subsidiary and formalized the plan to integrate Tongyang and ABL Life Insurance. In addition to Yim, a total of 56 members of group management—including the heads of all 16 subsidiaries, the holding company and the bank, and executives at key subsidiaries—bought Woori Financial Group shares this time.
A Woori Financial Group official said, "We will faithfully carry out our value-up plan based on securing growth momentum to resolve the undervaluation and meet expectations for shareholder returns."