Han Hong Sung - Head of Investor Relations

Lee Sung-Wook - Group Chief Financial Officer

Park Jang-Geun - Chief Revenue Officer

Good day everyone. I am Han Hong Sung, Head of Investor Relations at Woori Financial Group. I would like to express my sincere gratitude to all of you for taking the time out of your busy schedule to participate in today's Woori Financial Group's Earnings Call. Joining us on the call today are Mr.Lee Sung-Wook; the Group CFO; Mr. Jong-Yong Yim, the Group CEO [ph], and Mr.Park Jang-Geun, the Group's CRO.

Today's call will begin with the presentation on our business performance by the Group CFO, Mr. Lee Sung-Wook, followed by a Q&A session. Please note that simultaneous interpretation is available for our international investors.

With that, let us begin the presentation on Woori Financial Group's earnings for the third quarter of 2024.

Lee Sung-Wook

Good afternoon. I'm Lee Sung-Wook, CFO, at Woori Financial Group overseeing the Group's financial operations. Let me now walk you through our business performance for the third quarter of 2024. Please refer to Page 3 of the earnings report posted on our website.

First, let me elaborate on the Group's net income. As of third quarter of 2024 Woori Financial Group's cumulative net income increased by 9.1% year-on-year reaching KRW2.6591 trillion, surpassing last year's total annual performance by approximately KRW150 billion in just three quarters. The Group's net income for Q3 stood at KRW903.6 billion which represents a slight decrease versus previous quarter. However, it remained above the KRW900 billion level for two consecutive quarters, exceeding market expectations.