Woori Financial stock absorbs POSCO's 2.7 percent stake sale??

Published on 10/05/2026 at 14:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Woori Financial Group posted KRW 1.03 trillion in Q2 net income, versus KRW 639 billion in Q1. The October 2 close was KRW 33,500 after a 0.75 percent gain.

Woori Financial, KR7316140003, Illustration mit AI erstellt.

Woori Financial Group (ISIN KR7316140003) closed at KRW 33,500 on the Korea Exchange on October 2, 2026, up 0.75 percent from the prior session. The immediate ownership catalyst was POSCO's sale of its entire 2.7 percent stake in a block deal on October 1, according to Seoul Economic Daily.

POSCO sale resets ownership

POSCO sold 20.28 million Woori Financial shares for KRW 676.5 billion, with the transaction priced at KRW 33,360 per share. The sale price represented a 4.3 percent discount to the previous close of KRW 34,850, making the block deal a concrete supply event for the Korean-listed shares.

Seoul Economic Daily reported that the block deal was managed by Bank of America, HSBC and Samsung Securities. Woori Financial shares traded at KRW 33,200 at 10:55 a.m. Korea time on October 1, down 4.87 percent from the previous session.

Q2 profit exceeds Q1

The operating picture provides a counterweight to the ownership overhang. Woori Financial reported Q2 2026 operating profit of KRW 1.32 trillion and net income of KRW 1.03 trillion, compared with KRW 808 billion and KRW 639 billion respectively in Q1 2026, according to ATS View.

The Q2 figures show why the stock story is not limited to one shareholder's exit. Net income increased by KRW 391 billion from Q1, while operating profit increased by KRW 512 billion. The comparison also gives investors a cleaner benchmark for the next quarterly update.

Consensus stays above the close

Analyst expectations remain higher than the October 2 market level. StockHub lists 10 target prices with an average of KRW 43,200, a high of KRW 48,000 and a low of KRW 39,000 as of August 27, 2026. The average target lies 28.96 percent above the October 2 close of KRW 33,500.

Woori Financial stock trades below its yearly high

Woori Financial stock stood at KRW 33,500 on October 2, 2026, with a 52-week range of KRW 24,450 to KRW 41,900 and trading volume of 2,901,988 shares. The price was 20.05 percent below the 52-week high, leaving the block-deal discount and the Q2 earnings trajectory as the two clearest reference points for the next report.