Woori Financial Group Inc.

Good afternoon. I am Lee Jeong-Soo, head of IR at We Financial Group.

Let me first begin by thanking everyone for participating on this earnings conference call today. So on today's call, we have the group CFO, Lee Seong-Wook, group CRO, Jung Seo-Kyung, group CSO, Park Jong-Il, and group CDO, Hwang Won-Chul. As COVID continues, we see fewer opportunities to meet with investors in person. So today, we have prepared a special event before going into the earnings presentation. REIT Financial Group Chairman Sohn Tae-Seung is on the call today to extend his greetings and to address our investors. Now, please look at the presentation material on the screen. Now, I will hand it over to the Chairman Sohn Tae-Seung for his remarks. Please go ahead. Good afternoon. I am Son Tae-Seung, Chairman of Uri Financial Group. As COVID continues, it is unfortunate that there are less opportunities to directly communicate with the market, so I wanted to use this earnings call as an opportunity to thank our investors and also briefly discuss the main achievements of 2021 and management direction for 2022. Last year, 2021, was an extremely meaningful year at the URI Financial Group. First, from a financial standpoint, we were able to replace our record each and every quarter, which led to net profit going around 98% YOY to $2,587.9 billion. This is the highest net profit or net income in our history, and in addition, in all areas across profitability, asset soundness, and cost management, We were able to step up our performance, creating a solid foundation for future profit generation. In addition, last September we received final approval for our IRB approach, which will provide momentum to move to the next stage. In the digital and ESG space, we have laid the groundwork and have been able to outperform market expectations. In recognition of our stronger financial performance and also differentiated growth potential, the group was able to achieve full privatization on December 9th of last year. We thank you for this. During the privatization process, we were able to confirm strong investor interest in We Financial Group, as well as gain confidence about the expectations for stronger growth going forward and the removal of discount factors. Today, as we have disclosed, the URI Financial Group Board has reviewed the 2021 financial performance and also taken into consideration the mid- to long-term business plan for the group and confirmed 2021 dividends to be $901 per share, including the $151 interim dividends already paid. The dividend per share is the highest amount in our history, and the dividend payout ratio is also recovered to pre-COVID levels. In order to enhance shareholder value and within the scope that keeps our capital adequacy ratio intact, WE Financial Group is planning to review a wide variety of shareholder return options once COVID-19 stabilizes. Next, let me discuss the future business direction of the group. WE Financial Group for 2024 has a strategic roadmap to take the lead as a top global financial group with strong digital capabilities. Under this roadmap, we have a business strategy for 2022 to become a digitally focused, comprehensive, and financial services provider. Aligned with this overall strategy, we do have various initiatives in place. To talk about them one by one, the first would be to broaden the growth and revenue base. The second would be to drive digital super innovation. The third is to promote core growth businesses. The fourth is strengthening preemptive risk management. The fifth is to enhance our corporate culture, brand, and ESG efforts. And the last is to improve group synergies and business efficiency. This year, the Uri Financial Group will further accelerate efforts to expand our non-bank portfolio and solidify our foundation for sustainable growth by building unique digital capabilities and fostering key growth drivers, Such as the CIB and global business. Building upon the major achievements in ESG last year, we will adopt environment-friendly management more broadly and also create social value. In addition, we will tightly manage not only the various risks stemming from COVID-19, but also the potential risks that may emerge in a rising industry environment. Moreover, using the fresh momentum created from full privatization, we will focus on enhancing the group's competitiveness and corporate value. This year, 2022, is the Year of the Tiger, and I hope it will be a safe and healthy year for all of you who have shown support and interest in WE Financial Group. Furthermore, I hope this year I will be able to have many opportunities to see you face-to-face. For the details of our performance, The Group CFO, Lee Seong-Wook, will walk you through the presentation briefly.

Thank you.