Woori Financial Group Reports 2024 Q1 Business
Ticker: WF · Form: 6-K · Filed: May 16, 2024 · CIK: 1264136
Sentiment: neutral
Topics: financial-report, quarterly-results, korea
TL;DR
Woori Financial Group dropped its Q1 2024 business report and review docs. Check the 6-K.
AI Summary
Woori Financial Group Inc. filed a Form 6-K on May 16, 2024, to report on its business for the first quarter of 2024. The filing includes a summary of the business report and two exhibits detailing the consolidated and separate review reports for the period.
Why It Matters
This filing provides investors with an update on Woori Financial Group's performance and financial standing for the first quarter of 2024, offering insights into the company's recent operational results.
Risk Assessment
Risk Level: low — This is a routine filing providing business and financial reports, not indicating any immediate or significant new risks.
Key Players & Entities
- WOORI FINANCIAL GROUP INC. (company) — Filer of the report
- WOORI BANK (company) — Former company name
- WOORI FINANCE HOLDINGS CO LTD (company) — Former company name
- 001-31811 (dollar_amount) — SEC File Number
FAQ
What period does this 6-K filing cover?
This 6-K filing covers the month of May 2024 and specifically includes a summary of the 2024 First Quarter Business Report.
What are the main components of this filing?
The filing consists of a summary of the 2024 First Quarter Business Report and two exhibits: Exhibit 99.1 (Woori Financial Group Review Report for 2024 1Q - Consolidated) and Exhibit 99.2 (Woori Financial Group Review Report for 2024 1Q - Separate).
What is the company's primary business classification according to the filing?
The company is classified under Standard Industrial Classification 6029, which is 'COMMERCIAL BANKS, NEC'.
Has Woori Financial Group Inc. changed its name previously?
Yes, the company was formerly known as WOORI BANK, with a name change date of 20141015, and prior to that, it was known as WOORI FINANCE HOLDINGS CO LTD, with a name change date of 20030917.
Where is Woori Financial Group Inc. headquartered?
Woori Financial Group Inc. is headquartered at 51, Sogong-ro, Jung-gu, Seoul, Korea, with a zip code of 04632.
Filing Stats: 3,992 words · 16 min read · ~13 pages · Grade level 8.2 · Accepted 2024-05-16 07:31:00
Filing Documents
- d836792d6k.htm (6-K) — 399KB
- d836792dex991.htm (EX-99.1) — 4305KB
- d836792dex992.htm (EX-99.2) — 1048KB
- 0001193125-24-140006.txt ( ) — 5753KB
financial statements
financial statements Note7) Figures for Woori Savings Bank are based on K-GAAP 7 Table of Contents b. Liquidity Ratios Won Liquidity Ratios As of the end of the periods indicated (units: millions of Won, %) Type 2024 1Q 2023 2022 Won Liquidity Assets Won Liquidity Liabilities Won Liquidity Ratio Won Liquidity Assets Won Liquidity Liabilities Won Liquidity Ratio Won Liquidity Assets Won Liquidity Liabilities Won Liquidity Ratio Woori Financial Group Note 1) 1,065,235 485,093 219.6 111,895 8,155 1,372.1 316,876 7,656 4,138.9 Woori Card Note 2) 9,300,999 2,944,094 315.92 9,119,265 2,454,480 371.54 8,282,745 1,832,484 452.0 Woori Financial Capital Note 2) 2,471,317 1,240,659 199.2 1,919,083 1,245,067 154.1 2,468,298 1,205,067 204.8 Woori Investment Bank Note 2) 4,524,482 1,683,275 268.8 4,032,290 1,926,080 209.4 3,128,499 1,802,149 173.6 Woori Asset Trust Note 2) 366,173 19,616 1,866.7 171,860 18,555 926.2 232,036 32,755 708.4 Woori Savings Bank Note 2), Note3) 517,871 341,193 151.78 434,495 231,003 188.09 534,678 384,493 139.1 Woori Venture Partners Note 2) 106,574 9,494 1,122.6 103,367 7,210 1,433.6 109,432 10,707 1,022.1 Woori Private Equity Asset Management Note 2) 35,038 2,609 1,342.9 27,506 2,396 1,147.8 23,226 1,897 1,224.4 Note1) Based on current assets and liabilities within one month of maturity Note2) Based on current assets and liabilities within 90 days of maturity Note3) Based on K-GAAP Foreign Currency (FC) Liquidity Ratios As of the end of the periods indicated (units: millions of Won, %) Type 2024 1Q 2023 2022 FC Liquidity Assets FC Liquidity Liabilities FC Liquidity Ratio FC Liquidity Assets FC Liquidity Liabilities FC Liquidity Ratio FC Liquidity Assets FC Liquidity Liabilities FC Liquidity Ratio Woori Investment Bank