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    Baek Doosan

    Research Analyst at Korea Investment & Securities Co., Ltd.

    Baek Doosan is an Analyst at Korea Investment & Securities Co., Ltd., specializing in investment research and financial analysis in the Korean market. He has actively participated in earnings conferences for major companies such as Woori Financial Group, providing insights and questions on corporate performance. With a professional timeline including registered representative roles at Korea Investment & Securities Asia Limited in Hong Kong since at least 2015, Baek has maintained his credentials with regulatory authorities during multiple stints, reflecting steady industry experience. His professional profile is further supported by representative status under Hong Kong's SFC licensing, though publicly reported performance metrics and specific rankings or returns are not currently available.

    Baek Doosan's questions to WOORI FINANCIAL GROUP (WF) leadership

    Baek Doosan's questions to WOORI FINANCIAL GROUP (WF) leadership • Q1 2024

    Question

    Baek Doosan from Korea Investment & Securities Co., Ltd. asked for an assessment of the IT governance reforms and inquired about the strategy for the upcoming 'new WON' banking app, particularly concerning user acquisition and sales.

    Answer

    CDO Oak Il-Jin reported positive early results from the IT governance reform, with internal surveys showing improved development speed and satisfaction. He stated the 'new WON' app is on track for a November launch and will serve as a universal app for the group, aiming to consolidate traffic and provide seamless services, including an AI banker and MyData-based products.

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    Baek Doosan's questions to WOORI FINANCIAL GROUP (WF) leadership • Q3 2023

    Question

    Asked about the factors impacting the net interest margin (NIM) in the current quarter and the group's NIM prospects going forward, considering maturing deposits and rising market rates.

    Answer

    The CFO, Lee Sung-Wook, explained that the Q3 NIM decreased by 4 bps to 1.55% due to the withdrawal of low-rate Iran deposits, higher funding rates, and a lower proportion of core deposits. He expects continued downward pressure but aims to minimize the decline through a focus on higher-interest corporate loans. The Q4 NIM is expected to see a more modest decrease, and the target for 2024 is to maintain it around 1.5%.

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