Woori Financial secures board sign-off to complete Tongyang Life share exchange on Aug. 11

Woori Financial Group has secured board approval to complete a share exchange that will make Tongyang Life Insurance a wholly owned subsidiary. The board cleared the transaction on July 24, bypassing a shareholders' meeting. The share exchange is scheduled to take effect on August 11, 2026, with new Woori Financial Group shares expected to list on August 31, 2026.

Woori Financial Group moved to complete a share exchange to make Tongyang Life Insurance a wholly owned subsidiary. * The board cleared the share exchange on July 24 in lieu of a shareholders’ meeting, following an earlier April 24 resolution. * The share exchange is expected to take effect on Aug. 11, 2026. * New Woori Financial Group shares are expected to list on Aug. 31, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Woori Financial Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-314969), on July 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

Woori Financial Group moved to complete a share exchange to make Tongyang Life Insurance a wholly owned subsidiary. * The board cleared the share exchange on July 24 in lieu of a shareholders’ meeting, following an earlier April 24 resolution. * The share exchange is expected to take effect on Aug. 11, 2026. * New Woori Financial Group shares are expected to list on Aug. 31, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Woori Financial Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-314969), on July 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here