{
  "id": 16165132,
  "title": "Woori Financial Q3 net falls 16% on one-time factor",
  "url": "https://urgent.news/2026/10/23/woori-financial-q3-net-falls-16-on-one-time-factor",
  "topic": "world",
  "section": "World",
  "published": "2026-10-23T08:32:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20261023/woori-financial-q3-net-falls-16-on-one-time-factor"
  },
  "original_language": "en",
  "account": "Woori Financial Group Inc. disclosed a 16% decrease in its third-quarter net profit, attributable to a one-time factor. The company's net profit for the July-September period amounted to 1.04 trillion won, a decline of 15.7% compared to the previous year. Despite this setback, Woori Financial managed to surpass market expectations. Analysts had predicted an average net profit of 963.4 billion won, according to a survey conducted by Yonhap Infomax, Yonhap News Agency's financial data firm.\n\nFor the first nine months of the year, Woori Financial's overall net profit decreased by 4.9% year-on-year, reaching 2.66 trillion won. Operating profit for the July-September quarter amounted to 1.41 trillion won, marking a significant increase of 43.6% compared to the same period last year. Revenue also experienced substantial growth, rising by 66.2% to 13.3 trillion won.\n\nThe financial group's core business, Woori Bank, reported a net profit of 1.02 trillion won during the third quarter, a sharp rise from the 736 billion won net profit in the same period a year earlier. However, non-interest income for the July-September period contracted by 7.6% year-on-year, totaling 581 billion won.",
  "summary": "Woori Financial Group Inc. on Friday reported a decline in its third-quarter net profit on a one-off factor. Its net profit reached 1.04 trillion won ($784 million) in the July-September period, down 15.7 percent from a year earlier. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 963.4 billion won, according to a survey by Yonhap Infomax, the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}