Woori Financial Q1 profit falls amid overseas setbacks

Woori Financial Group was the only major South Korean banking group to post a decline in net profit in the first quarter, as its overseas operations weighed on earnings, the company’s earnings report showed Friday. The group posted a net profit of 603.8 billion won ($405 million) in the January-March period, down 2.1 percent from a year earlier. The figure came in more than 20 percent below the market consensus estimate. All other banking groups logged record-high earnings. Woori Financial attri

By The Korea Herald