Woori Financial Group Inc. (WF) Q2 2026 Earnings Call Transcript

Woori Financial Group Inc. ( WF ) Q2 2026 Earnings Call July 24, 2026 3:00 AM EDT

Good afternoon. This is Han Hong Sung, Head of IR at Woori Financial Group. Thank you for attending today's earnings call for Woori Financial Group despite your busy schedules. Joining us today on the call are Group CFO, Kwak Seong-Min; Group CTO, Oak Il-Jin; Group CRO, Park Jang-Geun; and Head of Business Growth Support, Byung-Gyu Kim. We will begin with the Group CFO's presentation, which will be followed by a Q&A session. Please note that the session is being simultaneously interpreted for the benefit of overseas investors. With that, we will now hear from the CFO, the earnings result presentation of Woori Financial Group's First Half 2026.

Good afternoon. This is Kwak Seong-Min, Woori Financial Group CFO. Let me go over the group's earnings results for first half 2026. Please refer to Page 2 of our earnings results material available on the website. First, the group's net income. Woori Financial Group's net income for Q2 2026 outperformed market expectations coming in at KRW 1.0046 trillion, up 66% Q-o-Q. It has thus regained the quarterly net income of KRW 1 trillion level. This brings the half year net income YTD to KRW 1.609 trillion, up 3.7% Y-o-Y. Our common equity ROE was 9.0%. Excluding one-off items, including the impact of changes in actuarial assumptions at our insurance