Financial leaders to develop overseas investor relations

The Korea Times

The Korea Times

Finance

Sun, October 1, 2023 | 17:53

Companies

Financial leaders to develop overseas investor relations

Posted : 2022-10-02 15:59

Updated : 2022-10-03 16:14

From left are KB Financial Group Chairman Yoon Jong-kyoo, Shinhan Financial Group Chairman Cho Yong-byoung, Woori Financial Group Chairman Son Tae-seung, Hana Financial Group Chairman Ham Young-joo and NongHyup Financial Group Chairman Son Byung-hwan. Yonhap

By Lee Min-hyung

Leaders of Korea's financial holding firms develop overseas investor relations (IR) by taking part in the 2022 Annual Meetings of the International Monetary Fund and the World Bank Group in mid-October. This will become a major event for them to meet with a group of global financial moguls in person.

The leaders of KB, Shinhan, Woori, Hana and NongHyup Financial Group will soon depart for Washington, D.C. to join the event for the first time since the outbreak of the COVID-19 pandemic, which had put it on hold since 2020.

The event is meaningful in that most of the aforementioned financial leaders here have kept a low profile in their overseas business trips for the past few years. Their on-site IR activities are crucial at a time when financial stocks are in the doldrums despite their solid earnings driven by the interest rate hikes.

Shinhan Financial Group Chairman Cho Yong-byoung is expected to meet with investors in New York. He was one of the most proactive leaders in terms of overseas IR. He attended business meetings in Europe and Singapore in May and August, respectively, despite lingering pandemic fears here and abroad. KB Financial Group Chairman Yoon Jong-kyoo is also likely to hold a series of business meetings with investors in New York.

Leaders of Korea's major financial holding firms attend a meeting with Financial Services Commission Chairman Kim Joo-hyun, at the Government Complex Seoul, July 21. Yonhap

Woori Financial Group Chairman Son Tae-seung will visit Europe early this month to discuss pending environmental issues ― such as the climate crisis ― upon an invitation from organizations affiliated with the United Nations. He will then meet with foreign investors there and share its environmental, social and corporate governance (ESG) management vision.

Hana Financial Group Chairman Ham Young-joo will also take on his first major overseas business trip after taking office as the leader of Hana back in March 2022. He is also expected to meet with investors in the U.S. and the United Kingdom, and promote Hana's corporate vision to attract more foreign capital.

mhlee@koreatimes.co.kr