Company:Woori Financial Group

From HandWiki
Short description: South Korean company
Woori Financial Group Inc.
Native name
주식회사 우리금융지주
Jusig Hoesa Uli Geumyung Jiju
TypePublic
Short description: Securities exchange operator in South Korea
Korea Exchange
한국거래소
File:150px
TypeStock exchange
LocationBusan & Seoul, South Korea
Coordinates [ ⚑ ] 35°08′12″N 129°03′53″E / 35.136721°N 129.064746°E / 35.136721; 129.064746 (Busan)
Founded1956; 70 years ago (1956)
Key peopleSohn Byung-doo
(Chairman & CEO)
CurrencySouth Korean won
No. of listings2,901 (as of January 2026)[1]
Market cap₩4,277 trillion KRW ($2.95 trillion USD)[2]
IndicesKOSPI
KOSPI 200
KOSDAQ
Websitewww.krx.co.kr
global.krx.co.kr
  1. REDIRECT Template:Infobox Korean/auto

Korea Exchange (KRX, Korean: 한국거래소) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul.

History

The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of December 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW (US$2.1 trillion). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[3]

On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.[4]

On 10 April 2025, the KOSPI and KOSDAQ soared when President Donald Trump announced that he would suspend the mutual tariffs. In response, the Korea Exchange triggered a buy sidecar for the KOSPI market at 09:06 a.m. for the first time in eight months.[5]

In April 2025, the Korea Exchange signed a contract with the Thai Stock Exchange to supply the system for liquidation and settlement. A source at the exchange said it expects the deal to further strengthen the position of the Korean stock market infrastructure in Southeast Asia.[6]

Traded instruments

KOSPI Market Division
  • Stocks
  • Bonds
  • Exchange-traded funds (ETFs)
  • Exchange-Linked Warrants (ELWs)
  • Real estate investment trusts (REITs)
KOSDAQ Market Division
  • Stocks
Derivatives Market Division
  • Index Instruments: KOSPI 200 Index Futures, KOSTAR Futures, KOSPI 200 Index Options
  • Single Stock Futures
  • Equity Options
  • Interest Rate Instruments: 3-Year KTB (Korea Treasury Bond) Futures, 5-Year KTB Futures, 10-Year KTB Futures
  • Foreign Exchange Instruments: USD Futures, JPY Futures, EUR Futures, USD Options
  • Commodity Instruments: Gold Futures, Mini-gold Futures, Lean Hog Futures

Trading hours

Session Trading Hours Quotation Receiving Hours
Regular Session 09:00 ~ 15:30 08:00 ~ 15:30
Off-hours Session Pre-hours 07:30 ~ 09:00 07:30 ~ 09:00
Off-hours Session Post-hours 15:40 ~ 18:00 15:30 ~ 18:00
[7]

Quotations are quotes submitted by the Members on behalf of their customers and are submitted to the Exchange only during Quotation Receiving Hours.

Trading days in KRX KOSPI markets are from Monday through Friday and no trading or settlement is made on the following days:[8]

  • Holidays according to government regulations (which includes Sundays, National Election days, etc)
  • Labor Day (May 1st)
  • Saturdays
  • December 31st when it's a holiday or a Saturday, otherwise the previous business day closest to December 31st
  • Certain days deemed necessary by the KRX due to market conditions.

See also

References

  1. ↑ "Global KRX". http://global.krx.co.kr/main/main.jsp. 
  2. ↑ ""KRX KRX Data Marketplace"". https://data.krx.co.kr/contents/MDC/MAIN/main/index.cmd. 
  3. ↑ Market Hours, Korea Exchange via Wikinvest
  4. ↑ "UN Secretary-General Joins Business Leaders in Seoul, Calls for Urgent Action on Poverty, Climate Change and Conflict". https://www.unglobalcompact.org/news/1881-05-19-2015. 
  5. ↑ "[속보 코스피시장 매수 사이드카 발동…8개월만"] (in ko). 2025-04-10. https://www.mk.co.kr/news/business/11287703. 
  6. ↑ "한국거래소, 태국증권거래소에 청산결제시스템 공급한다" (in ko). 2025-04-14. https://m.sedaily.com/NewsView/2GRINUO941#cb. 
  7. ↑ https://global.krx.co.kr/contents/GLB/01/0109/0109000000/guide_to_trading_in_the_korean_stock_market.pdf
  8. ↑ "Global KRX | Regulation | Stocks | KOSPI Market | Trading". https://global.krx.co.kr/contents/GLB/06/0602/0602010201/GLB0602010201.jsp#826f2bceb71bdd795d4f782fda605cb1=1. 
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Template:Economy of South Korea



NYSE: WF
IndustryFinancial services
FoundedJanuary 11, 2019; 7 years ago (2019-01-11)
Headquarters
Seoul
,
South Korea
Key people
Lim Jong-ryong (CEO)
SubsidiariesWoori Bank
Websitewoorifg.com

Woori Financial Group (Korean: 우리금융지주) is a Seoul-based banking and financial services holdings company and is the largest bank in South Korea.

As of May 2026, Woori Financial Group was South Korea’s fourth-largest financial services provider.[1]

History

Woori has had a relatively short history as a financial institution. It was formed in 2001 from the forced merger of four predecessor commercial banks and an investment bank: Hanvit, Peace, Kwangju and Kyongnam Banks and Hanaro Investment Banking and their subsidiaries. The banks were taken over and recapitalised by the government because they had fallen below the Basel I Accord-mandated eight percent capital adequacy ratio. The South Korean Government, through the Korean Deposit Insurance Corporation, remains the primary investor as a result.[2]

This came about as a part of the 1997 Asian financial crisis, which affected the operations of virtually all banks and financial firms in South Korea.

Subsidiary

Operations

In 2014, Woori Financial Group sold then Woori Investment & Securities Co. to NongHyup Financial Group, which renamed it NH Investment & Securities Co.[3]

In May 2024, Woori Financial acquired Korea Foss Securities Co., Korea’s largest online fund platform, as a means to re-enter the domestic services market 10 years after pulling out of it.[3]

In May 2025, Woori Financial received approval from the Financial Services Commission (FSC), the country's financial regulator, for Woori Financial's takeovers of two life insurance companies—Tongyang Life Insurance Co. and ABL Life Insurance Co.—for a combined 1.54 trillion won (US$1.07 billion).[4]

In August 2025, Woori Bank, a unit of Woori Financial, opened a branch in Austin, Texas, becoming the first Korean bank to establish a foothold in the city. This marked Woori’s third branch in the southern United States, following Dallas, Texas and Duluth, Georgia.[5]

In December 2025, it was announced that chief executive officer (CEO) and chairman, Yim Jong-yong was set to secure a second term and begin a new three-year term in March 2026.[6]

For the year 2025, South Korea’s four largest financial holding companies (KB Financial Group, Shinhan Financial Group, Hana Financial Group, and Woori Financial Group) reported a combined nearly 18 trillion won ($12.6 billion) in net profit. Specifically, Woori’s net profit rose 1.8% to 3.14 trillion won that year.[7]

In March 2026, it was announced that Woori Financial was looking to sell its Digital Tower office building to bolster capital buffers following the Tongyang and ABL Life acquisitions.[1]

See also

References

  1. ↑ 1.0 1.1 "Woori Financial to sell Digital Tower to bolster capital buffers after Tongyang, ABL Life acquisition". 2026-03-12. https://www.kedglobal.com/banking-finance/newsView/ked202603120005. 
  2. ↑ Lee, Eun-joo (June 26, 2013). "Divide-and-sell strategy for Woori". Korea Joongang Daily. https://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2973711. 
  3. ↑ 3.0 3.1 Kim, Bo-Hyung (2024-05-03). "Woori Financial acquires Korea Foss Securities to offer brokerage services". https://www.kedglobal.com/mergers-acquisitions/newsView/ked202405030012. 
  4. ↑ Sang-soo, Park (2025-05-02). "Woori Financial gets conditional approval to take over 2 life insurers". https://www.msn.com/en-us/money/topstories/woori-financial-gets-conditional-approval-to-take-over-2-life-insurers/ar-AA1E1Uwx?apiversion=v2&domshim=1&noservercache=1&noservertelemetry=1&batchservertelemetry=1&renderwebcomponents=1&wcseo=1. 
  5. ↑ Nam, In-Soo (2025-08-17). "Woori Bank opens Austin’s first Korean lender branch as US presence gathers pace". https://www.kedglobal.com/banking-finance/newsView/ked202508170004. 
  6. ↑ Global, KED. "Woori Financial CEO Yim Jong-yong set for 2nd term after non-bank expansion - KED Global" (in en-US). KED Global. https://www.kedglobal.com//banking-finance/newsView/ked202512290007. 
  7. ↑ Kim, Jin-Seong; Jang, Hyun-Ju; Jeong, Eui-Jin (2026-02-06). "Korea’s big 4 financial groups post record $12.3 bn profit as fees surge". https://www.kedglobal.com/earnings/newsView/ked202602060004. 

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