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    Kwang Myung Jung

    Senior Analyst at DB Financial Investment Co., Ltd

    Kwang Myung Jung is a Senior Analyst at DB Financial Investment Co., Ltd., specializing in Korean equities with a particular focus on technology, semiconductor, and consumer electronics sectors. He actively covers major companies such as Samsung Electronics, SK Hynix, and LG Electronics, with his stock recommendations gaining recognition for accuracy and thoughtful industry insights; available analyst platforms attribute him a strong success rate and positive return records, often ranking him among the respected analysts for Korean equities. Jung began his equity research career in the early 2010s and joined DB Financial Investment in 2017 after prior analytical roles at other Korean financial institutions. He holds key professional credentials including relevant Korean securities analyst licenses and is known for his in-depth market outlooks and timely investment calls.

    Kwang Myung Jung's questions to WOORI FINANCIAL GROUP (WF) leadership

    Kwang Myung Jung's questions to WOORI FINANCIAL GROUP (WF) leadership • Q1 2024

    Question

    Kwang Myung Jung of DB Financial Investment asked for a breakdown of the factors that kept the CET1 ratio flat at 12.0% QoQ, including the FX impact, and inquired about the year-end CET1 target.

    Answer

    CFO Lee Sung-Wook detailed the CET1 ratio movements: +40 bps from net income, offset by -10 bps from dividends/buybacks, -20 bps from adverse FX movements, and -10 bps from RWA growth. He noted that without the FX impact, the ratio would have been 12.2%. The group targets a CET1 ratio 'well above 12%' by year-end.

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