Woori Financial chief buys back group shares to show confidence in future business |
Woori Financial Group Chairman Sohn Tae-seung (Woori Financial Group)
Woori Financial Group said Friday its Chairman Sohn Tae-seung recently bought back 5,000 company shares to show his confidence in the banking group’s future growth.
Sohn’s stock buyback marks the fifth time this year, following his earlier buying in January, March, April and August. He now holds 88,127 shares in Woori Financial.
“By purchasing the firm’s shares in the wake of the COVID-19 crisis, he aimed to build market confidence in the group’s corporate fundamentals, such as revenue or assets, while demonstrating his strong will to foster future business,” an official said.