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Consolidated Statements Of Financial Position
$ in Thousands, ₩ in Millions
Dec. 31, 2023
KRW (₩)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
KRW (₩)
ASSETS [Abstract]      
Cash and cash equivalents ₩ 30,556,618 $ 23,668,953 ₩ 34,219,148
Financial assets at fair value through profit or loss ("FVTPL") 21,544,756 16,688,424 19,860,573
Financial assets at fair value through other comprehensive income("FVTOCI") 37,891,495 29,350,500 33,085,080
Securities at amortized cost 23,996,172 18,587,275 28,268,516
Loans and other financial assets at amortized cost 373,148,148 [1] 289,038,070 355,760,729 [1]
Investments in joint ventures and associates 1,795,370 1,390,682 1,305,636
Investment properties 472,768 366,203 387,707
Premises and equipment 3,176,759 2,460,696 3,142,930
Intangible assets 996,842 772,147 849,114
Assets held for sale 20,345 15,759 13,772
Net defined benefit asset 240,260 186,104 319,280
Current tax assets 203,542 157,662 53,274
Deferred tax assets 93,366 72,321 109,299
Derivative assets (Designated for hedging) 26,708 20,688 37,786
Other assets 3,841,787 2,975,821 3,061,552
Total assets 498,004,936 385,751,305 480,474,396
LIABILITIES [Abstract]      
Financial liabilities at fair value through profit or loss ("FVTPL") 6,138,313 4,754,696 8,952,399
Deposits due to customers 357,784,297 277,137,333 342,105,209
Borrowings 30,986,746 24,002,127 28,429,603
Debentures 41,239,245 31,943,644 44,198,486
Provisions 806,031 624,346 545,865
Net defined benefit liability 6,939 5,375 35,202
Current tax liabilities 103,655 80,290 843,555
Deferred tax liabilities 470,311 364,300 31,799
Derivative liabilities (Designated for hedging) 153,007 118,518 202,911
Other financial liabilities 26,115,005 20,228,509 22,811,868
Other liabilities 803,897 622,694 690,157
Total liabilities 464,607,446 359,881,832 448,847,054
EQUITY [Abstract]      
Owners' equity 31,666,881 24,528,955 28,761,897
Capital stock 3,802,676 2,945,527 3,640,303
Hybrid securities 3,611,129 2,797,156 3,112,449
Capital surplus 935,563 724,681 682,385
Other equity (1,668,957) (1,292,763) (2,423,392)
Retained earnings 24,986,470 [2],[3] 19,354,354 23,750,152 [2],[3]
Non-controlling interests 1,730,609 [4] 1,340,518 2,865,445 [4]
Total equity 33,397,490 25,869,473 31,627,342
Total liabilities and equity ₩ 498,004,936 $ 385,751,305 ₩ 480,474,396
[1] Cash and cash equivalents are not included.
[2] The earned surplus reserve in retained earnings amounted to 181,860 million Won and 300,190 million Won as of December 31, 2022 and 2023 in accordance with the Article 53 of the Financial Holding Company Act.
[3] The regulatory reserve for credit losses in retained earnings amounted to 2,996,960 million Won and 2,839,475 million Won and as of December 31, 2022 and 2023, respectively in accordance with the relevant article.
[4] The hybrid securities issued by Woori Bank amounting to 2,344,816 million Won and 1,546,447 million Won as of December 31, 2022 and 2023, respectively, are recognized as non-controlling interests. 113,995 million Won and 95,637 million Won of dividends for the hybrid securities issued by Woori Bank are allocated to net profit and loss of the non-controlling interests for the years ended December 31, 2022 and 2023, respectively.