Woori Financial Group Inc. (KOSE:A316140) agreed to acquire the remaining 41.3% stake in Woori Investment Bank Co.,Ltd. (KOSE:A010050) for KRW 270 billion on May 26, 2023. Woori Financial Group Inc. signed a stock exchange agreement with Woori Investment Bank Co.,Ltd. on June 1, 2023. Woori Financial Group Inc. will issue a total of 22.54 million shares as consideration. As of July 21, 2023 Approval of the board of directors for stock exchange with Woori Investment Bank Co.,Ltd. The transaction is expected to close on August 8, 2023.

Woori Financial Group Inc. (KOSE:A316140) completed the acquisition of remaining 41.3% stake in Woori Investment Bank Co.,Ltd. on August 8, 2023.