Woori Financial Group decided to retire treasury stocks worth 100 billion won to enhance shareholder value

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

Paul Lee Reporter

hoondork1977@alphabiz.co.kr | 2023-04-23 19:13:38

우리금융그룹. (사진=연합뉴스)

[Alpha Biz=(Chicago) Reporter Paul Lee] Woori Financial Group announced on the 21st that it has decided to purchase and retire treasury stocks worth 100 billion won to enhance shareholder value.

It is the first time that Woori Financial Group has purchased and retire treasury stocks since it re-released them as a holding company in 2019.

Woori Financial Group explained that the retirement of treasury shares reflected Woori Financial Group Chairman Lim Jong-ryong's determination to create a financial group deeply trusted by shareholders by diversifying its shareholder return policy.