Woori Financial Group: Too Cheap To Ignore

tupungato Woori Financial Group (NYSE:WF), Korea's fourth-largest banking group by asset size, is among the cheapest Korean stocks, trading at 0.4 P/B and 4.41 P/E despite being a perfectly healthy bank that is even looking to expand through M&A activity. Furthermore, the bank currently pays a 7.50% dividend yield while having a dividend payout ratio of less than 30%. If WF were located in most developed countries it would be much more expensive, but WF is a Korean bank and is subject to the dreaded Korean ...