0001193125-24-115455.txt : 20240426 0001193125-24-115455.hdr.sgml : 20240426 20240426061154 ACCESSION NUMBER: 0001193125-24-115455 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240426 FILED AS OF DATE: 20240426 DATE AS OF CHANGE: 20240426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WOORI FINANCIAL GROUP INC. CENTRAL INDEX KEY: 0001264136 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: M5 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31811 FILM NUMBER: 24878433 BUSINESS ADDRESS: STREET 1: 51, SOGONG-RO, JUNG-GU, CITY: SEOUL KOREA STATE: M5 ZIP: 04632 BUSINESS PHONE: 000-000-0000 MAIL ADDRESS: STREET 1: 51, SOGONG-RO, JUNG-GU, CITY: SEOUL KOREA STATE: M5 ZIP: 04632 FORMER COMPANY: FORMER CONFORMED NAME: WOORI BANK DATE OF NAME CHANGE: 20141015 FORMER COMPANY: FORMER CONFORMED NAME: WOORI FINANCE HOLDINGS CO LTD DATE OF NAME CHANGE: 20030917 6-K 1 d822903d6k.htm FORM 6-K Form 6-K

 

 

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 April 2024

Commission File Number: 001-31811

 

 

Woori Financial Group Inc.

(Translation of registrant’s 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 ☐

 

 

 

Woori Financial Group’s Preliminary Financial Performance Figures

for the First Quarter of 2024

The preliminary financial performance figures for Woori Financial Group for the three-month period ended on March 31, 2024, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

    1Q 2024      4Q 2023      % Change
Increase		     1Q 2023      % Change
Increase
(Decrease)		  

Revenue*

    Specified Quarter      12,851,290        8,748,753        46.89 %      12,554,540        2.36 % 
   Cumulative Basis      12,851,290        42,033,487        —        12,554,540        2.36 % 

Operating Income

    Specified Quarter      1,149,233        133,345        761.85 %      1,252,000        (8.21 )% 
   Cumulative Basis      1,149,233        3,499,029        —        1,252,000        (8.21 )% 

Income before

    Specified Quarter      1,143,618        122,141        836.31 %      1,270,321        (9.97 )% 

Income Tax Expense

    Cumulative Basis      1,143,618        3,517,453        —        1,270,321        (9.97 )% 

Net Income

    Specified Quarter      839,525        94,966        784.03 %      946,622        (11.31 )% 
   Cumulative Basis      839,525        2,626,894        —        946,622        (11.31 )% 

Profit to the Equity

Holders of the Parent Entity

    Specified Quarter      824,490        68,114        1,110.46 %      913,686        (9.76 )% 
   Cumulative Basis      824,490        2,506,296        —        913,686        (9.76 )% 

The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

 

*

Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excluding non-operating income).

Woori Bank’s Preliminary Financial Performance Figures

for the First Quarter of 2024

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the three-month period ended on March 31, 2024, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

    1Q 2024      4Q 2023      % Change
Increase		     1Q 2023      % Change
Increase
(Decrease)		  

Revenue*

    Specified Quarter      11,719,621        7,652,823        53.14 %      11,468,014        2.19 % 
   Cumulative Basis      11,719,621        37,719,811        —        11,468,014        2.19 % 

Operating Income

    Specified Quarter      1,076,844        273,471        293.77 %      1,141,404        (5.66 )% 
   Cumulative Basis      1,076,844        3,316,958        —        1,141,404        (5.66 )% 

Income before

    Specified Quarter      1,067,607        265,980        301.39 %      1,155,671        (7.62 )% 

Income Tax Expense

    Cumulative Basis      1,067,607        3,329,434        —        1,155,671        (7.62 )% 

Net Income

    Specified Quarter      792,210        217,068        264.96 %      865,133        (8.43 )% 
   Cumulative Basis      792,210        2,515,080        —        865,133        (8.43 )% 

Profit to the Equity

Holders of the Parent Entity

    Specified Quarter      789,693        215,813        265.92 %      861,713        (8.36 )% 
   Cumulative Basis      789,693        2,505,587        —        861,713        (8.36 )% 

The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

 

*

Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excluding non-operating income).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

   

Woori Financial Group Inc.

    (Registrant)
Date: April 26, 2024     By:  

/s/ Sung-Wook Lee

      (Signature)
    Name:   Sung-Wook Lee
    Title:   Deputy President