Woori Financial Group Files 6-K, Refers to 2023 Report

TL;DR

WFIC filed a 6-K referencing their 2023 report, previously filed March 6.

AI Summary

Woori Financial Group Inc. filed a Form 6-K on March 14, 2024, referencing their 2023 Business Report. The report itself, detailing the fiscal year 2023, was previously submitted to the SEC on March 6, 2024, as an exhibit to another Form 6-K.

Why It Matters

This filing serves as an update and reference point for investors regarding Woori Financial Group's 2023 performance, directing them to previously submitted detailed financial information.

Risk Assessment

Risk Level: low — This filing is primarily administrative, referencing previously disclosed information rather than introducing new material risks.

Key Players & Entities

• Woori Financial Group Inc. (company) — Filer of the Form 6-K
• March 14, 2024 (date) — Filing date of the current Form 6-K
• 2023 Business Report (document) — Subject of the Form 6-K
• March 6, 2024 (date) — Date of previous Form 6-K filing containing the 2023 report

FAQ

Filing Documents

• d788144d6k.htm (6-K) — 584KB
• g788144g03m03.jpg (GRAPHIC) — 197KB
• 0001193125-24-067492.txt ( ) — 856KB

From the Filing

Form 6-K Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number: 001-31811 Woori Financial Group Inc. (Translation of registrants name into English) 51, Sogong-ro, Jung-gu, Seoul, 04632, Korea (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Table of Contents Index 1. Summary of 2023 Business Report - For the Audit Reports of Woori Financial Group for Fiscal Year 2023, please refer to the exhibits to the Form 6-K furnished to the U.S. Securities and Exchange Commission on March 6, 2024. 2 Table of Contents Summary of 2023 Business Report Table of Contents I. INTRODUCTION OF THE COMPANY 5 1. Overview of the Company 5 2. Capital Structure (Changes in Capital) 11 3. Total Number of Authorized Shares 12 II. BUSINESS OVERVIEW 13 1. Results of Operations 13 2. Funding Sources and Uses of Funds 13 3. Other Information Necessary for Making Investment Decisions 14 III. FINANCIAL INFORMATION 19 1. Condensed Financial Statements (Consolidated) 19 2. Condensed Financial Statements (Separate) 21 3. Dividend Information 23 IV. INDEPENDENT AUDITORS OPINION 25 1. Independent Auditors Opinion 25 2. Compensation to the Independent Auditor 25 V. CORPORATE GOVERNANCE 27 1. About the Board of Directors 27 2. Shareholders Meeting 29 VI. SHAREHOLDER INFORMATION 32 1. Share Distribution 32 2. Stock Price and Stock Market Performance 33 VII. DIRECTORS AND EMPLOYEE INFORMATION 35 1. Directors and Executives 35 2. Employee Status 36 3. Directors Compensation 36 3 Table of Contents Except where indicated otherwise, financial information contained in this document (including the attached financial statements) has been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (Korean IFRS), which differ in certain important respects from generally accepted accounting principles in the United States. All references to Woori Financial Group, we, us or the Company are to Woori Financial Group Inc. and, unless the context requires otherwise, its subsidiaries. In addition, all references to Won or KRW in this document are to the currency of the Republic of Korea. 4 Table of Contents I. Introduction of the Company 1. Overview of the Company a. History January 11, 2019 Establishment of the Company pursuant to a comprehensive stock transfer, by which Woori Bank, Woori FIS, Woori Finance Research Institute, Woori Credit Information, Woori Fund Services and Woori Private Equity Asset Management became wholly-owned subsidiaries of the Company. February 13, 2019 Listed on the Korea Exchange (KRX). April 5, 2019 Entered into share purchase agreements to acquire Tongyang Asset Management Corp. and ABL Global Asset Management Co., Ltd. June 21, 2019 Entered into a purchase agreement with Woori Bank to acquire the common shares of Woori Investment Bank Co., Ltd. (Woori Investment Bank) and integrate Woori Investment Bank as a first-tier subsidiary of the Company (Buyer: Woori Financial Group, Seller: Woori Bank) July 3, 2019 Entered into a stock exchange agreement between the Company and Woori Card Co., Ltd (Woori Card) to integrate Woori Card as a first-tier subsidiary of the Company July 25, 2019 Entered into a share purchase agreement to acquire Kukje Asset Trust, Ltd. August 1, 2019 Integrated Woori Asset Management Corp. (formerly known as Tongyang Asset Management Co., Ltd.) as a first-tier subsidiary of the Company. September 10, 2019 Integrated Woori Card and Woori Investment Bank as first-tier subsidiaries of the Company. September 26, 2019 Disposed 4% of common shares of the Company held by Woori Bank to a Taiwanese company, Fubon Life Insurance Co., Ltd. December 6, 2019 Integrated Woori Global Asset Management Corp. as a first-tier subsidiary of the Company December 30, 2019 Integrated Woori Asset Trust Ltd. as a first-tier subsidiary of the Company March 25, 2020 Held the first annual general meeting of shareholders of Woori Financial Group; reappointed the Chief Executive Officer 5 Table of Contents October 26, 2020 Entered into a share purchase agreement to acquire Aju Capital Co., Ltd. December 10, 2020 Integrated Woori Financial Capital Co., Ltd., (formerly known as Aju Capital Co., Ltd.) as a first-tier subsidiary of the Company Integrated Woori Savings Bank (formerly known as Aju Savings Bank) as a second-tier subsidiary of the Company January 15, 2021 Joined the Carbon Disclosure Project (CDP), announced

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