Woori and Hana Financial Group Chairmen Reassure Offshore Investors amid Economic Stability Expectations

Woori and Hana Financial Group Chairmen Reassure Offshore Investors Amid Political and Economic Stability

Woori Financial Group Chairman Yim Jong-yong and Hana Financial Group Chairman Ham Young-joo are making concerted efforts to reassure key offshore investors of Korea’s strong economic fundamentals and their commitment to enhancing corporate value.

The proactive measures come at a time when expectations for the restoration of political and economic stability in Korea are on the rise, following the arrest of President Yoon Suk Yeol in the early hours of Sunday.

Woori Financial Group has completed full privatization by repurchasing shares previously held by the Korea Deposit Insurance Corp. The group is also focusing on fortifying its securities business, with recent agreements with Tongyang and ABL Life showcasing its progress.

Chairman Yim emphasized the group’s achievements over the past year, including its inclusion in the Korea Value-up Index and its dedication to enhancing shareholder returns and corporate value. He also highlighted growth drivers such as corporate banking, capital markets, global expansion, and asset management.

Meanwhile, Hana Financial Group Chairman Ham Young-joo met with Bain Capital Global CEO John Connaughton to discuss potential joint investment opportunities. The partnership between Hana and Bain dates back to 2016, and the two entities are looking to strengthen their collaboration across various financial sectors.

Both Woori and Hana Financial Groups are actively engaging with key financial authorities, central banks, and investors to mitigate uncertainties in the domestic and foreign exchange markets. They are committed to maintaining close communication with offshore shareholders and demonstrating their dedication to the Value-up initiative.

Overall, the efforts of Woori and Hana Financial Groups reflect their resilience and determination to navigate challenges and uphold their commitment to investors amidst a changing economic and political landscape.
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