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Top News In Woori Financial Today - Breaking & Trending Today

Financial groups to focus on risk management

The heads of Korea s five major financial groups had a common focus in their New Year s messages: the importance of risk management and a sustainable growth strategy amid heightened economic risks. In his New Year s message, KB Financial Group Chairman Yoon Jong-kyu stressed stable growth, as he forecast the economy will witness a decline in real purchasing power and weakened consumer sentiment this year, with continuing uncertainties on both the global and domestic economic fronts. ....

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Supreme Court sides with Woori Chairman in DLF case

Woori Financial Group Chairman Son Tae-seung won a final victory in his legal battle to repeal a punitive measure imposed on him by local financial authorities, after the Supreme Court ruled in his favor. ....

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Woori chairman urges group-wide efforts to build competence for digital services

Woori Financial Group Chairman and CEO Son Tae-seung has urged the chiefs of the group s affiliates to “bring together all capabilities available” to materialize the group-wide vision of becoming a global leader in digital banking service, the company announced on Thursday. The banking group said Son urged them to do so during a committee of the group s digital innovation recently. ....

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Students honored for offering insights on MZ customers, ESG in economic essay contest

The Korea Times awarded seven winners of its annual economic essay contest for university students, Tuesday, who wrote about one of two challenges faced by the finance industry - attracting tech-savvy Generation MZ, a Korean term referring to Millennials and Generation Z, as customers, and better implementing the principles of environmental, social and corporate governance (ESG). The 18th English Economic Essay Contest was open to university undergraduate and graduate school students in Korea and abroad. The event has been sponsored since its inception by Woori Bank, a flagship affiliate of Woori Financial Group. ....

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Woori Financial Group has least exposure to real-estate project financing

Major financial groups maintain a relatively stable risk exposure to real estate project financing, while regional financial groups tend to have a larger exposure compared to their loan provision sizes, data showed. ....

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