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Investment in Joint Ventures and Associates (Tables)
 12 Months Ended
Dec. 31, 2023
Equity Method Investments And Joint Ventures [Abstract]  
Investments in associates accounted for using equity method
(1)
Investments in associates accounted for using the equity method of accounting are as follows:
 
       
Percentage of ownership (%)
              
Joint ventures and associates
(*4)
  
Main business
  
December 31,
2022
    
December 31,
2023
    
Location
    
Financial
statements as of
  
Woori Bank
          
W Service Networks Co., Ltd.
(*1)(*5)
   Freight & staffing services     4.9       4.9       Korea      
2023-11-30
  
Korea Credit Bureau Co., Ltd.
(*2)
   Credit information     9.9       9.9       Korea      
2023-12-31
  
Korea Finance Security Co., Ltd.
(*1)
(*5)
   Security service     15.0       15.0       Korea      
2023-11-30
  
Wongwang Co., Ltd.
(*3)
   Wholesale and real estate     29.0       29.0       Korea       —  
Sejin Construction Co., Ltd.
(*3)
   Construction     29.6       29.6       Korea       —  
ARES-TECH Co., Ltd.
(*3)
   Electronic component manufacturing     23.4       23.4       Korea       —  
Beomgyo., Ltd.
(*3)
   Telecommunication equipment retail sales     23.1       23.1       Korea       —  
NK Eng Co., Ltd.
(*3)
   Manufacturing     23.1       23.1       Korea       —  
Woori Growth Partnerships New Technology Private Equity Fund
(*8)
   Other financial services     23.1       —       Korea       —  
2016KIF-IMM
Woori Bank Technology Venture Fund
(*8)
   Other financial services     20.0       —       Korea       —  
 
       
Percentage of ownership (%)
            
Joint ventures and associates
(*4)
  
Main business
  
December 31,
2022
    
December 31,
2023
    
Location
    
Financial
statements as of
K BANK Co., Ltd.
(*2)(*5)
   Finance     12.6       12.6       Korea    
2023-11-30
Woori Bank-Company K Korea Movie Asset Fund
(*8)
   Other financial services     25.0       —       Korea     —
Partner One Value Up I Private Equity Fund
   Other financial services     23.3       23.3       Korea     2023-12-31
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership
   Other financial services     20.0       20.0       Korea     2023-12-31
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund
   Other financial services     25.0       25.0       Korea     2023-12-31
LOTTE CARD Co., Ltd.
(*5)
   Credit card and installment financing     20.0       20.0       Korea    
2023-09-30
Union Technology Finance Investment Association
   Other financial services     29.7       29.7       Korea     2023-12-31
Dicustody Co., Ltd.
(*2)
   Other information technology and computer operation related services     1.0       1.0       Korea     2023-12-31
Orient Shipyard Co., Ltd.
(*5)
   Manufacture of sections for ships     22.7       22.7       Korea     2023-11-30
Joongang Network Solution Co.,Ltd.
(*5)
   Other information technology and computer operation related services     25.3       25.3       Korea     2023-09-30
Win Mortgage Co.,LTd.
(*1)(*5)(*12)
   Other financial services     —       4.5       Korea     2023-09-30
Together-Korea Government Private Pool Private Securities Investment Trust No. 3
   Other financial services     100.0       100.0       Korea     2023-12-31
BTS 2nd Private Equity Fund
   Other financial services     20.0       20.0       Korea     2023-12-31
STASSETS FUND III
   Other financial services     28.3       28.3       Korea     2023-12-31
SF CREDIT PARTNERS, LLC
(*2)(*12)
   Other financial services     —       10.0       Korea     2023-12-31
Rea Company
(*5) (*12)
   Other financial services     —       24.5       Korea     2023-09-30
ARAM CMC Co.,Ltd.
(*5) (*12)
   Other financial services     —       20.0       Korea     2023-11-30
Woori Bank
(*6)
          
Japanese Hotel Real Estate Private Equity Fund No.2
   Other financial services     19.9       19.9       Korea     2023-12-31
Woori Seoul Beltway Private Special Asset Fund No.1
   Trust and collective investment     25.0       25.0       Korea     2023-12-31
Woori General Private Securities Investment Trust (Bond) No.1
(*12)
   Collective investment business     —       25.0       Korea     2023-12-31
Woori Short-term Bond Securities Investment Trust(Bond)
ClassC-F
   Collective investment business     27.9       15.0       Korea     2023-12-31
Woori Safe Plus General Type Private Investment Trust
S-8(Bond)
   Collective investment business     9.2       9.1       Korea     2023-12-31
Woori General Private Securities Investment Trust(Bond) No.2
(*12)
   Collective investment business     —       27.3       Korea     2023-12-31
Woori Smart General Private Equity Investment Trust 1(bond)
(*12)
   Collective investment business     —       28.6       Korea     2023-12-31
Woori General Private Securities Investment Trust(Bond) No.3
(*12)
   Collective investment business     —       27.8       Korea     2023-12-31
Woori Asset Global Partnership Fund No. 5
(*12)
   Collective investment business     —       57.7       Korea     2023-12-31
Woori Short Term Government and Special Bank Bond Active ETF
(*12)
   Collective investment business     —       20.8       Korea     2023-12-31
Woori 25-09 Corporate Bond(AA-
 
or higher) Active ETF
(*12)
   Collective investment business     —       29.3       Korea     2023-12-31
 
       
Percentage of ownership (%)
              
Joint ventures and associates
(*4)
  
Main business
  
December 31,
2022
    
December 31,
2023
    
Location
    
Financial
statements as of
  
Woori Financial Capital Co., Ltd.
          
WOORI TAERIM 1st Fund
   Other financial services     25.6       25.6       Korea       2023-12-31  
Portone-Cape Fund No.1
   Other financial services     20.0       20.0       Korea       2023-12-31  
KIWOOM WOORI Financial 1st Fund
(*7)(*8)
   Other financial services     9.1       —       Korea       —  
DeepDive WOORI
202
1
-1
Financial Investment Fund
(*7)
   Other financial services     11.9       11.9       Korea       2023-12-31  
Darwin Green Packaging Private Equity Fund
   Other financial services     20.4       20.4       Korea       2023-12-31  
DS Power Semicon Private Equity Fund
(*8)
   Other financial services     21.0       —       Korea       —  
Koreawide partners 2nd Private Equity Fund
   Other financial services     26.7       26.7       Korea       2023-12-31  
Woori Investment Bank Co., Ltd.
(*6)
          
Woori FirstValue Private Real Estate Fund No.2
   Real estate business     12.0       12.0       Korea       2023-12-31  
WooriG Real Infrastructure Blind General Type Private Placement Investment Trust
   Investment trust and discretionary investment business     0.1       0.1       Korea       2023-12-31  
Woori Asset Management Co. Ltd.
          
Woori Star50 feeder fund(H)
(*8)
   Collective investment business     17.9       —       Korea       —  
Woori Together TDF 2025
(*8)
   Collective investment business     23.6       —       Korea       —  
Woori Together TDF 2030
   Collective investment business     23.8       28.0       Korea       2023-12-31  
Woori Together OCIO Target Return Feeder fund (Balance Bond)
(*12)
   Collective investment business     —       20.4       Korea       2023-12-31  
Woori Multi Return Private Securities Investment Trust 2(Balanced Bond)
(*8)(*12)
   Collective investment business     —       —       Korea       —  
Woori Private Equity Asset Management Co., Ltd.
          
Australia Green Energy 1st PEF
(*2)
   Other financial services     4.0       4.0       Korea       2023-12-31  
Aarden Woori Apparel 1st Private Equity Fund
(*2)
   Other financial services     0.5       0.5       Korea       2023-12-31  
Woori Dyno 1st Private Equity
Fund
(*2)
   Other financial services     19.6       19.6       Korea       2023-12-31  
Woori Venture Partners Co., Ltd.
          
KTB-KORUS FUND
(*9)
   Asset Management     —       37.5       Korea       2023-12-31  
KTB China Platform Fund
(*9)(*10)(*11)
   Asset Management     —       18.7       Korea       2023-12-31  
KTBN Venture Fund No.7
(*9)(*10)
   Asset Management     —       20.1       Korea       2023-12-31  
KTBN Venture Fund No.8
(*10)
   Asset Management     —       21.7       Korea       2023-12-31  
KTBN Digital Contents Korea Fund No.9
(*9)(*10)
  
Asset Management
     —       30.0       Korea       2023-12-31  
KTBN Media Contents Fund
(*9)(*10)(*11)
   Asset Management     —       15.0       Korea       2023-12-31  
KTB China Synergy Fund
(*10)(*11)
   Asset Management     —       15.1       Korea       2023-12-31  
NAVER-KTB Audio Contents Fund
(*11)
   Asset Management     —       1.0       Korea       2023-12-31  
KTBN Venture Fund No.13
(*10)(*11)
   Asset Management     —       19.6       Korea       2023-12-31  
KTBN Future Contents Fund
(*10)(*11)
   Asset Management     —       13.3       Korea       2023-12-31  
KTBN Venture Fund No.16
(*11)
   Asset Management     —       10.3       Korea       2023-12-31  
KTBN Venture Fund No.18
(*11)
   Asset Management     —       10.1       Korea       2023-12-31  
KB-KTB Technology Venture Fund
(*11)
   Asset Management     —       18.2       Korea       2023-12-31  
Woori 2022 Scaleup Venture Fund
   Asset Management     —       20.0       Korea       2023-12-31  
Woori 2022 Start-up Venture Fund
   Asset Management     —       30.1       Korea       2023-12-31  
KTB-NHN China Private Equity Fund
(*9)
   Asset Management     —       33.3       Korea       2023-12-31  
KTBN GI Private Equity Fund
(*11)
   Asset Management     —       5.0       Korea       2023-12-31  
Chirochem
   Medical material Manufacturing     —       28.6       Korea       2023-12-31  
 
       
Percentage of ownership (%)
              
Joint ventures and associates
(*4)
  
Main business
  
December 31,
2022
    
December 31,
2023
    
Location
    
Financial
statements as of
  
Japanese Hotel Real Estate Private Equity Fund 1
          
Godo Kaisha Oceanos 1
(*5)
   Other financial services     47.8       47.8       Japan      
2023-10-31
  
Woori G Japan Private Placement Real Estate Master Investment Trust No.2
          
Woori Zip 1
(*5)
   Other financial services     64.0       62.4       Japan      
2023-09-30
  
Woori Zip 2
(*5)
   Other financial services     64.0       62.8       Japan      
2023-09-30
  
Woori bank and Woori card Co., Ltd.
(*6)
          
Dongwoo C & C Co., Ltd.
(*3)
   Construction     24.5       24.5       Korea       —  
SJCO Co., Ltd.
(*3)
   Aggregate transportation and wholesale     29.8       29.8       Korea       —  
G2 Collection Co., Ltd.
(*3)
   Wholesale and retail sales     29.2       29.2       Korea       —  
KG Fashion Co., Ltd.
(*3)(*5)(*12)
   Manufacturing     —       20.8       Korea      
2023-11-30
  
Kyesan Engineering Co., Ltd.
(*3)
   Construction     23.3       23.3       Korea       —  
Good Software Lap Co., Ltd.
(*3)
   Service     29.4       29.4       Korea       —  
Force TEC Co., Ltd.
(*8)
  
Manufacturing
     24.5       —       Korea       —  
DAEA SNC Co., Ltd.
(*3)
   Wholesale and retail sales     25.5       25.5       Korea       —  
PREXCO Co., Ltd.
(*3)
   Manufacturing     28.1       28.1       Korea       —  
JiWon Plating Co., Ltd.
(*3)
   Plating     20.8       20.8       Korea       —  
Youngdong Sea Food Co., Ltd.
(*3)
   Processed sea food manufacturing     24.5       24.5       Korea       —  
KUM HWA Co., Ltd.
  
Telecommunication equipment retail
sales		     20.1       20.1       Korea      
2023-12-31
  
Jinmyung Plus Co., Ltd.
(*5)
   Manufacturing     21.3       21.3       Korea      
2023-09-30
  
Woori bank and Woori Financial Capital Co., Ltd
.
(*6)
          
JC Assurance No.2 Private Equity Fund
   Other financial services     23.5       23.5       Korea      
2023-12-31
  
Dream Company Growth no.1 PEF
   Other financial services     27.8       27.8       Korea      
2023-12-31
  
HMS-Oriens
1st Fund
   Other financial services     22.8       22.8     Korea    
2023-12-31
  
Woori G Senior Loan Private Placement Investment Trust No.1
   Collective investment business     21.7       21.7       Korea      
2023-12-31
  
Genesis Eco No.1 Private Equity Fund
   Other financial services     29.0       29.0       Korea      
2023-12-31
  
Paratus Woori Material Component Equipment joint venture company
   Other financial services     29.9       29.9       Korea      
2023-12-31
  
Midas No. 8 Private Equity Joint Venture Company
   Other financial services     28.5       28.5       Korea      
2023-12-31
  
Orchestra Private Equity Fund IV
   Other financial services     28.2       28.2       Korea      
2023-12-31
  
Synaptic Green No.1 PEF
   Other financial services     21.1       21.1       Korea      
2023-12-31
  
IGEN2022No. 1 Private Equity Fund
   Other financial services     24.8       24.8       Korea      
2023-12-31
  
PCC-Woori
LP Secondary Fund
   Other financial services     38.8       38.9       Korea      
2023-12-31
  
Synaptic Future Growth Private Equity Fund 1
(*12)
   Other financial investment     —       23.8       Korea      
2023-12-31
  
Woori Bank and Woori Asset Management Co. Ltd.
(*6)
          
Woori BIG2 Plus Securities Investment Trust (Balanced Bond)
   Collective investment business     23.1       14.1       Korea      
2023-12-31
  
Woori Bank and Woori Private Equity Asset Management Co., Ltd.
(*6)
          
Woori-Q
Corporate Restructuring Private Equity Fund
(*13)
   Other financial services     35.6       32.4       Korea      
2023-12-31
  
Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Bank Co., Ltd. and Woori Private Equity Asset Management Co., Ltd.
(*6)
          
Woori-Shinyoung
Growth-Cap
Private Equity Fund I
   Other financial services     35.0       35.0       Korea      
2023-12-31
  
NH Woori Newdeal Growth Alpha Private Equity Fund
1
(*12)
   Other financial services     —       32.7       Korea      
2023-12-31
  
 
 
(*1)
Most of the significant business transactions of associates are with the Group as of December 31, 2023 and 2022.
(*2)
The Group can participate in decision-making body and exercise significant influence over financial policies and operational policies decision making of the associates.
(*3)
There is no investment balance as of December 31, 2023 and 2022.
(*4)
Woori G Oncorp Corporate support of Major Industry General Type Private Placement Investment Trust (Type 2) and other 12 joint ventures and associates can exercise significant influence but was classified as an item measured at fair value through profit or loss.
(*5)
The equity method was applied using the most recent financial statements available from the settlement date because no financial statements were available at the end of the reporting period and the significant transactions or events that occurred between the end of the reporting period of the associate and the end of the reporting period of the subsidiary were duly reflected.
(*6)
Two or more subsidiaries may invest or operate to exert significant influence on the decision-making process for activities related to the investee.
(*7)
The Group can participate as a
co-operator
to exert significant influence.
(*8)
It was excluded from associates in current year.
(*9)
It has been liquidating as of December 31, 2023.
(*10)
If the distribution paid or to be paid to an investor at the time of liquidation is less than the investment amount, there is an existing agreement to prioritize the payment of the shortfall over other investors, up to a certain amount within the investment amount.
(*11)
The Group classified it as an associate because it has significant influence as a general partner of the investment association.
(*12)
It was added to associates in current year.
(*13)
It was classified as an associate due to holding of voting rights according to the initial investment agreement ratio.
Changes in the carrying value of investments in associates and joint ventures accounted for using equity method
(2)
Changes in the carrying value of investments in associates accounted for using the equity method of accounting are as follows (Unit: Korean Won in millions):
 
                                                                                                                                                                               
   
For the year ended December 31, 2021
  
   
Acquisition
cost
    
January 1,
2021
    
Share of
profits
(losses)
    
Acquisition
    
Disposal/
Reclassification
    
Dividends
    
Change in
capital
    
December 31,
2021
  
W Service Networks Co., Ltd.
  
 
108
 
  
 
191
 
  
 
(4
) 
  
 
—
 
  
 
—
 
  
 
(4
) 
  
 
—
 
  
 
183
 
Korea Credit Bureau Co., Ltd.
  
 
3,313
 
  
 
8,125
 
  
 
1,388
 
  
 
—
 
  
 
—
 
  
 
(90
) 
  
 
—
 
  
 
9,423
 
Korea Finance Security Co., Ltd.
  
 
3,267
 
  
 
3,066
 
  
 
35
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
3,101
 
Woori Growth Partnerships New Technology Private Equity Fund
  
 
14,991
 
  
 
15,032
 
  
 
(637
) 
  
 
—
 
  
 
(1,947
) 
  
 
—
 
  
 
—
 
  
 
12,448
 
2016KIF-IMM
Woori Bank Technology Venture Fund
  
 
8,396
 
  
 
13,238
 
  
 
3,520
 
  
 
—
 
  
 
(3,497
) 
  
 
(631
) 
  
 
—
 
  
 
12,630
 
K BANK Co., Ltd.
(*1)
  
 
236,232
 
  
 
174,097
 
  
 
67,553
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
(2,157
) 
  
 
239,493
 
Smart Private Equity Fund No.2
  
 
—
 
  
 
1,481
 
  
 
(797
) 
  
 
—
 
  
 
(684
) 
  
 
—
 
  
 
—
 
  
 
—
 
Woori Bank-Company K Korea Movie Asset Fund
  
 
—
 
  
 
2,788
 
  
 
137
 
  
 
—
 
  
 
(2,100
) 
  
 
(480
) 
  
 
—
 
  
 
345
 
Partner One Value Up I Private Equity Fund
  
 
5,039
 
  
 
9,816
 
  
 
2,521
 
  
 
—
 
  
 
(4,961
) 
  
 
(800
) 
  
 
—
 
  
 
6,576
 
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership
  
 
9,736
 
  
 
9,756
 
  
 
1,417
 
  
 
5,040
 
  
 
(5,060
) 
  
 
—
 
  
 
—
 
  
 
11,153
 
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund
  
 
4,255
 
  
 
4,129
 
  
 
—
 
  
 
125
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
4,254
 
LOTTE CARD Co.,Ltd.
  
 
346,810
 
  
 
422,832
 
  
 
39,301
 
  
 
—
 
  
 
—
 
  
 
(10,374
) 
  
 
6,536
 
  
 
458,295
 
Together-Korea Government Private Pool Private Securities Investment Trust No. 3
  
 
10,000
 
  
 
10,023
 
  
 
47
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
10,070
 
Genesis Environmental Energy Company 1st Private Equity Fund
  
 
3,738
 
  
 
3,979
 
  
 
147
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
4,126
 
Union Technology Finance Investment Association
  
 
12,750
 
  
 
4,485
 
  
 
(347
) 
  
 
8,250
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
12,388
 
Dicustody Co., Ltd.
  
 
1
 
  
 
—
 
  
 
—
 
  
 
1
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
1
 
Japanese Hotel Real Estate Private Equity Fund No.2
  
 
3,291
 
  
 
3,234
 
  
 
237
 
  
 
—
 
  
 
—
 
  
 
(201
) 
  
 
(74
) 
  
 
3,196
 
Woori G Clean Energy No.1
  
 
—
 
  
 
1,024
 
  
 
—
 
  
 
1,462
 
  
 
(2,338
) 
  
 
(148
) 
  
 
—
 
  
 
—
 
Woori Goseong Power EBL Private Special Asset Fund
  
 
—
 
  
 
15,118
 
  
 
227
 
  
 
—
 
  
 
(15,118
) 
  
 
(370
) 
  
 
143
 
  
 
—
 
Woori Seoul Beltway Private Special Asset Fund No.1
  
 
7,513
 
  
 
5,613
 
  
 
124
 
  
 
1,935
 
  
 
—
 
  
 
(121
) 
  
 
—
 
  
 
7,551
 
Woori Corporate Private Securities Fund 1 (Bond)
  
 
—
 
  
 
—
 
  
 
—
 
  
 
10,000
 
  
 
(10,000
) 
  
 
—
 
  
 
—
 
  
 
—
 
Woori G Star Private Placement Investment Trust No.33 [FI]
  
 
—
 
  
 
—
 
  
 
—
 
  
 
20,000
 
  
 
(20,000
) 
  
 
—
 
  
 
—
 
  
 
—
 
Woori Multi-Return Securities Investment Trust 3 (Balanced Bond)
  
 
10,000
 
  
 
—
 
  
 
23
 
  
 
10,000
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
10,023
 
Woori Short-term Bond Securities Investment Trust(Bond)
ClassC-F
  
 
150,000
 
  
 
—
 
  
 
1,822
 
  
 
150,000
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
151,822
 
WOORI TAERIM 1st Fund
  
 
1,100
 
  
 
283
 
  
 
708
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
991
 
Portone-Cape Fund No.1
  
 
340
 
  
 
960
 
  
 
189
 
  
 
—
 
  
 
(660
) 
  
 
—
 
  
 
—
 
  
 
489
 
KIWOOM WOORI Financial 1st Investment Fund
  
 
1,000
 
  
 
994
 
  
 
(21
) 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
973
 
DeepDive WOORI
2021-1
Financial Investment Fund
  
 
1,000
 
  
 
—
 
  
 
(7
) 
  
 
1,000
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
993
 
Darwin Green Packaging Private Equity Fund
  
 
4,000
 
  
 
—
 
  
 
(43
) 
  
 
4,000
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
3,957
 
Woori FirstValue Private Real Estate Fund No.2
  
 
9,000
 
  
 
2,130
 
  
 
(637
) 
  
 
—
 
  
 
—
 
  
 
(730
) 
  
 
—
 
  
 
763
 
WooriG Real Infrastructure Blind General Type Private Placement Investment Trust
  
 
100
 
  
 
—
 
  
 
—
 
  
 
100
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
100
 
 
                                                                                                                                                                               
   
For the year ended December 31, 2021
  
   
Acquisition
cost
    
January 1,
2021
    
Share of
profits
(losses)
    
Acquisition
    
Disposal/
Reclassification
    
Dividends
    
Change in
capital
    
December 31,
2021
  
Woori High plus G.B. Securities Feeder Fund1(G.B.)
  
 
—
 
  
 
6,076
 
  
 
—
 
  
 
—
 
  
 
(6,076
) 
  
 
—
 
  
 
—
 
  
 
—
 
Woori Star50 Master Fund
ClassC-F
  
 
—
 
  
 
184
 
  
 
(4
) 
  
 
—
 
  
 
(180
) 
  
 
—
 
  
 
—
 
  
 
—
 
Woori Hanhwa Eureka Private Equity Fund
  
 
164
 
  
 
403
 
  
 
138
 
  
 
—
 
  
 
(214
) 
  
 
—
 
  
 
—
 
  
 
327
 
Aarden Woori Apparel 1st Private Equity Fund
  
 
100
 
  
 
—
 
  
 
(1
) 
  
 
100
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
99
 
Godo Kaisha Oceanos 1
  
 
10,800
 
  
 
10,193
 
  
 
127
 
  
 
—
 
  
 
—
 
  
 
(370
) 
  
 
(45
) 
  
 
9,905
 
Woori Zip 1
  
 
10,143
 
  
 
—
 
  
 
(26
) 
  
 
16,380
 
  
 
(6,237
) 
  
 
—
 
  
 
379
 
  
 
10,496
 
Woori Zip 2
  
 
14,254
 
  
 
—
 
  
 
(50
) 
  
 
22,883
 
  
 
(8,628
) 
  
 
—
 
  
 
527
 
  
 
14,732
 
Force TEC Co., Ltd.
(*2)
  
 
—
 
  
 
393
 
  
 
(393
) 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
KUM HWA Co., Ltd.
(*2)
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
Jinmyung Plus Co., Ltd.
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
JC Assurance No.2 Private Equity Fund
  
 
29,349
 
  
 
29,050
 
  
 
(11,621
) 
  
 
299
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
17,728
 
Dream Company Growth no.1 PEF
  
 
7,706
 
  
 
7,705
 
  
 
680
 
  
 
—
 
  
 
—
 
  
 
(471
) 
  
 
—
 
  
 
7,914
 
HMS-Oriens
1st Fund
  
 
12,000
 
  
 
12,000
 
  
 
7
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
12,007
 
WooriG Senior Loan General Type Private Investment Trust No.1
  
 
87,382
 
  
 
52,045
 
  
 
2,959
 
  
 
38,757
 
  
 
(3,060
) 
  
 
(2,672
) 
  
 
—
 
  
 
88,029
 
Genesis Eco No.1 Private Equity Fund
  
 
11,805
 
  
 
—
 
  
 
(685
) 
  
 
11,805
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
11,120
 
Paratus Woori Material Component Equipment joint venture company
  
 
17,700
 
  
 
—
 
  
 
(207
) 
  
 
17,700
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
17,493
 
Midas No. 8 Private Equity Joint Venture Company
  
 
19,000
 
  
 
—
 
  
 
(32
) 
  
 
19,000
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
18,968
 
PCC-Woori
LP Secondary Fund
  
 
10,100
 
  
 
8,128
 
  
 
1,697
 
  
 
2,525
 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
12,350
 
Woori High Plus Short-term High Graded ESG Bond Sec Feeder Inv Trust 1
  
 
70,988
 
  
 
93,474
 
  
 
921
 
  
 
20,765
 
  
 
(38,870
) 
  
 
(2,503
) 
  
 
—
 
  
 
73,787
 
Woori-Q
Corporate Restructuring Private Equity Fund
  
 
45,394
 
  
 
22,904
 
  
 
1,002
 
  
 
25,246
 
  
 
(2,997
) 
  
 
—
 
  
 
—
 
  
 
46,155
 
Woori-Shinyoung
Growth-Cap
Private Equity Fund I
  
 
17,218
 
  
 
38,342
 
  
 
20,813
 
  
 
12,799
 
  
 
(32,415
) 
  
 
(10,826
) 
  
 
—
 
  
 
28,713
 
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
 
1,210,083
 
  
 
993,291
 
  
 
132,228
 
  
 
400,172
 
  
 
(165,042
) 
  
 
(30,791
) 
  
 
5,309
 
  
 
1,335,167
 
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(*1)
Included 70,120 million Won of deemed gain on disposal in accordance with the decrease in percentage of ownership from disproportionate contribution for the year ended December 31, 2021.
(*2)
As a result of discontinuation of the equity method, related companies’ losses amount not recognized is 797 million Won for Force TEC Co., Ltd. and 2 million Won for KUM HWA Co., Ltd.
 
   
For the year ended December 31, 2022
  
   
Acquisition
cost
    
January 1,
2022
    
Share of
profits(losses)
and others
    
Acquisition
    
Disposal/
Reclassification
    
Dividends
    
Change in
capital
    
December 31,
2022
  
W Service Networks Co., Ltd.
     108       183       29       —       —       (4 )      —       208  
Korea Credit Bureau Co., Ltd.
     3,313       9,423       (3,714 )      —       —       —       —       5,709  
Korea Finance Security Co., Ltd.
     3,267       3,101       (727 )      —       —       —       —       2,374  
Woori Growth Partnerships New Technology Private Equity Fund
     12,942       12,448       490       —       (2,049 )      —       —       10,889  
2016KIF-IMM
Woori Bank Technology Venture Fund
     7,594       12,630       (1,619 )      —       (801 )      (736 )      —       9,474  
K BANK Co., Ltd.
     236,232       239,493       11,854       —       —       —       (3,558 )      247,789  
Woori Bank-Company K Korea Movie Asset Fund
     —       345       71       —       —       (177 )      —       239  
Partner One Value Up I Private Equity Fund
     5,039       6,576       (2,298 )      —       —       —       —       4,278  
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership
     7,556       11,153       1,312       —       (2,180 )      —       —       10,285  
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund
     4,355       4,254       1       100       —       —       —       4,355  
LOTTE CARD Co.,Ltd.
     346,810       458,295       58,400       —       —       (12,960 )      10,396       514,131  
Together-Korea Government Private Pool Private Securities Investment Trust No. 3
     10,000       10,070       173       —       —       —       —       10,243  
Genesis Environmental Energy Company 1st Private Equity Fund
     —       4,126       (41 )      —       (3,738 )      (347 )      —       —  
Union Technology Finance Investment Association
     14,637       12,388       187       2,250       (363 )      —       —       14,462  
Dicustody Co., Ltd.
     1       1       —       —       —       —       —       1  
Orient Shipyard Co., Ltd.
     —       —       —       —       —       —       —       —  
BTS 2nd Private Equity Fund
     3,026       —       (145 )      3,026       —       —       —       2,881  
STASSETS FUND III
     1,500       —       (270 )      1,500       —       —       —       1,230  
Japanese Hotel Real Estate Private Equity Fund No.2
     3,174       3,196       194       —       —       (299 )      (236 )      2,855  
Woori Seoul Beltway Private Special Asset Fund No.1
     9,791       7,551       246       2,312       —       (235 )      —       9,874  
Woori Multi-Return Securities Investment Trust 3 (Balanced Bond)
     —       10,023       —       —       (9,950 )      (73 )      —       —  
Woori Short-term Bond Securities Investment Trust(Bond)
ClassC-F
     110,000       151,822       2,312       50,000       (90,137 )      (1,972 )      —       112,025  
Woori Safe Plus General Type Private Investment Trust
S-8(Bond)
     10,000       —       230       10,000       —       (48 )      —       10,182  
WOORI TAERIM 1st Fund
     1,100       991       (3 )      —       —       —       —       988  
Portone-Cape Fund No.1
     340       489       (25 )      —       —       —       —       464  
KIWOOM WOORI Financial 1st Investment Fund
     1,000       973       (20 )      —       —       —       —       953  
DeepDive WOORI
2021-1
Financial Investment Fund
     900       993       (12 )      —       (100 )      (3 )      —       878  
Darwin Green Packaging Private Equity Fund
     4,000       3,957       388       —       —       (400 )      —       3,945  
DS Power Semicon Private Equity Fund
     3,000       —       245       3,000       —       (269 )      —       2,976  
Koreawide partners 2nd Private Equity Fund
     20,000       —       —       20,000       —       —       —       20,000  
Woori FirstValue Private Real Estate Fund No.2
     9,000       763       (6 )      —       (199 )      —       —       558  
WooriG Real Infrastructure Blind General Type Private Placement Investment Trust
     100       100       2       —       —       —       —       102  
 
   
For the year ended December 31, 2022
  
   
Acquisition
cost
    
January 1,
2022
    
Share of
profits(losses)
and others
    
Acquisition
    
Disposal/
Reclassification
    
Dividends
    
Change in
capital
    
December 31,
2022
  
Woori BIG2 Plus Securities Investment Trust(Balanced Bond)
     1,200       —       (161 )      —       1,235       —       —       1,074  
Woori Together TDF 2025
     2,000       —       (202 )      —       2,192       —       —       1,990  
Woori Together TDF 2030
     2,000       —       (214 )      —       2,247       —       —       2,033  
WOORI Star50 feeder fund(H)
     200       —       (5 )      —       131       —       —       126  
Woori Hanhwa Eureka Private Equity Fund
     —       327       (48 )      —       (164 )      (115 )      —       —  
Aarden Woori Apparel 1st Private Equity Fund
     100       99       (2 )      —       —       —       —       97  
Woori Dyno 1st Private Equity Fund
     2,000       —       (6 )      2,000       —       —       —       1,994  
Australia Green Energy 1st PEF
     4,913       —       (55 )      4,913       —       —       —       4,858  
Godo Kaisha Oceanos 1
     10,800       9,905       84       —       —       (1,049 )      (152 )      8,788  
Woori Zip 1
     9,254       10,496       (138 )      —       (873 )      —       (795 )      8,690  
Woori Zip 2
     12,928       14,732       (127 )      —       (1,309 )      —       (1,116 )      12,180  
Force TEC Co., Ltd.
(*)
     —       —       56       —       —       —       (56 )      —  
KUM HWA Co., Ltd.
(*)
     —       —       —       —       —       —       —       —  
Jinmyung Plus Co., Ltd.
     —       —       10       —       —       —       —       10  
JC Assurance No.2 Private Equity Fund
     29,349       17,728       (17,728 )      —       —       —       —       —  
Dream Company Growth no.1 PEF
     7,412       7,914       418       —       —       (471 )      —       7,861  
HMS-Oriens
1st Fund
     12,000       12,007       1,245       —       —       —       —       13,252  
WooriG Senior Loan General Type Private Investment Trust No.1
     80,268       88,029       3,788       14,073       (20,322 )      (3,707 )      —       81,861  
Genesis Eco No.1 Private Equity Fund
     12,000       11,120       (99 )      195       —       —       —       11,216  
Paratus Woori Material Component Equipment joint venture company
     17,700       17,493       (243 )      —       —       —       —       17,250  
Midas No. 8 Private Equity Joint Venture Company
     18,735       18,968       275       —       —       (530 )      —       18,713  
Orchestra Private Equity Fund IV
     9,878       —       197       10,000       (122 )      (377 )      —       9,698  
Synaptic Green No.1 PEF
     8,000       —       (207 )      8,000       —       —       —       7,793  
IGEN2022No. 1 Private Equity Fund
     7,822       —       650       8,000       (475 )      (165 )      —       8,010  
PCC-Woori
LP Secondary Fund
     10,440       12,350       674       3,440       (3,480 )      —       —       12,984  
Woori High Plus Short-term High Graded ESG Bond Sec Feeder Inv Trust 1
     —       73,787       —       —       (73,598 )      (189 )      —       —  
Woori-Q
Corporate Restructuring Private Equity Fund
     27,063       46,155       (288 )      536       (18,867 )      —       —       27,536  
Woori-Shinyoung
Growth-Cap
Private Equity Fund I
     17,018       28,713       14,561       —       —       —       —       43,274  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
    1,131,865       1,335,167       69,689       143,345       (222,922 )      (24,126 )      4,483       1,305,636  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(*)
As a result of discontinuation of the equity method, related companies’ losses amount not recognized is 665 million Won for Force TEC Co., Ltd. 3,743 million Won for Orient Shipyard Co., Ltd. and 0.2 million Won for KUM HWA Co., Ltd. and cumulated amount is 1,462 million Won for Force TEC Co., Ltd. 3,743 million Won for Orient Shipyard Co., Ltd. and 2 million Won for KUM HWA Co., Ltd.
 
    
For the year ended December 31, 2023
  
    
Acquisition
cost
     
January 1,
2023
     
Share of
profits(losses)
and others
    
Acquisition
     
Business

combination
     
Disposal/
Reclassification
    
Dividends
    
Change in
capital
    
December 31,
2023
  
W Service Networks Co., Ltd.
      108        208        13       —        —        —       (5 )      —       216  
Korea Credit Bureau Co., Ltd.
      3,313        5,709        814       —        —        —       (90 )      —       6,433  
Korea Finance Security Co., Ltd.
      3,267        2,374        (99 )      —        —        —       —       1,010       3,285  
Woori Growth Partnerships New Technology Private Equity Fund
      —        10,889        (51 )      —        —        (10,838 )      —       —       —  
2016KIF-IMM
Woori Bank Technology Venture Fund
      —        9,474        539       —        —        (10,013 )      —       —       —  
K BANK Co., Ltd.
      236,232        247,789        5,327       —        —        —       —       6,936       260,052  
Woori Bank-Company K Korea Movie Asset Fund
      —        239        52       —        —        (103 )      (188 )      —       —  
Partner One Value Up I Private Equity Fund
      5,039        4,278        (1,048 )      —        —        —       —       —       3,230  
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership
      4,356        10,285        1,162       —        —        (3,200 )      —       —       8,247  
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund
      4,436        4,355        —       82        —        —       —       —       4,437  
LOTTE CARD Co.,Ltd.
      346,810        514,131        91,533       —        —        —       (13,199 )      (5,073 )      587,392  
Union Technology Finance Investment Association
      13,449        14,462        (1,004 )      —        —        (1,188 )      —       —       12,270  
Dicustody Co., Ltd.
      1        1        —       —        —        —       —       —       1  
Orient Shipyard Co., Ltd.(*)
      —        —        —       —        —        —       —       —       —  
Joongang Network Solution Co.,Ltd.
      —        —        1       —        —        —       —       87       88  
Win Mortgage Co.,LTd.
      23        —        84       23        —        —       (2 )      —       105  
Together-Korea Government Private Pool Private Securities Investment Trust No. 3
      10,000        10,243        297       —        —        —       —       —       10,540  
BTS 2nd Private Equity Fund
      5,226        2,881        (243 )      2,200        —        —       —       —       4,838  
STASSETS FUND III
      9,000        1,230        (324 )      7,500        —        —       —       —       8,406  
SF CREDIT PARTNERS, LLC
      13,059        —        99       13,059        —        —       —       (313 )      12,845  
Japanese Hotel Real Estate Private Equity Fund No.2
      3,174        2,855        86       —        —        —       (133 )      (120 )      2,688  
Woori Seoul Beltway Private Special Asset Fund No.1
      12,464        9,874        451       2,709        —        —       (444 )      —       12,590  
Woori General Private Securities Investment Trust (Bond) No.1
      50,000        —        1,686       50,000        —        —       —       —       51,686  
Woori Short-term Bond Securities Investment Trust(Bond)
ClassC-F
      100,000        112,025        7,670       —        —        (10,352 )      (3,779 )      —       105,564  
Woori Safe Plus General Type Private Investment Trust
S-8(Bond)
      10,000        10,182        507       —        —        —       (359 )      —       10,330  
Woori General Private Securities Investment Trust(Bond) No.2
      30,000        —        829       30,000        —        —       —       —       30,829  
 
    
For the year ended December 31, 2023
  
    
Acquisition
cost
     
January 1,
2023
     
Share of
profits(losses)
and others
    
Acquisition
     
Business

combination
     
Disposal/
Reclassification
    
Dividends
    
Change in
capital
     
December 31,
2023
  
Woori Smart General Private Equity Investment Trust 1(bond)
      40,000        —        1,135       40,000        —        —       —       —        41,135  
Woori General Private Securities Investment Trust(Bond) No.2
      50,000        —        1,205       50,000        —        —       —       —        51,205  
Woori Asset Global Partnership Fund No.5
      22,500        —        (429 )      22,500        —        —       —       —        22,071  
WOORI TAERIM 1st Fund
      1,100        988        —       —        —        —       —       —        988  
Portone-Cape Fund No.1
      340        464        (19 )      —        —        —       —       —        445  
KIWOOM WOORI Financial 1st Fund
      —        953        (10 )      —        —        (943 )      —       —        —  
DeepDive WOORI
2021-1
Financial Investment Fund
      222        878        1,128       —        —        (678 )      (92 )      —        1,236  
Darwin Green Packaging Private Equity Fund
      4,000        3,945        92       —        —        —       (80 )      —        3,957  
DS Power Semicon Private Equity Fund
      —        2,976        495       —        —        (2,971 )      (500 )      —        —  
Koreawide partners 2nd Private Equity Fund
      20,000        20,000        (765 )      —        —        —       —       —        19,235  
Woori FirstValue Private Real Estate Fund No.2
      9,000        558        2       —        —        —       —       —        560  
WooriG Real Infrastructure Blind General Type Private Placement Investment Trust
      52        102        4       —        —        (47 )      (4 )      —        55  
Woori Star50 feeder fund(H)
      —        126        (12 )      —        —        (114 )      —       —        —  
Woori Together TDF 2025
      —        1,990        116       —        —        (2,106 )      —       —        —  
Woori Together TDF 2030
      3,000        2,033        291       1,000        —        —       —       —        3,324  
Woori Together OCIO Target Return Feeder fund (Balance Bond)
      10,000        —        348       —        —        10,028       —       —        10,376  
Australia Green Energy 1st PEF
   
 
4,913
 
      4,858     
 
(47
) 
     —        —        —       —    
 
—
 
      4,811  
Aarden Woori Apparel 1st Private Equity Fund
      100        97        36       —        —        —       —       —        133  
Woori Dyno 1st Private Equity Fund
      2,000        1,994        364       —        —        —       —       —        2,358  
KTB-KORUS FUND
      3,626        —        (267 )      —        3,626        —       —       —        3,359  
KTB China Platform Fund
      17,023        —        (964 )      —        17,023        —       —       —        16,059  
KTBN Venture Fund No.7
      16,972        —        (225 )      —        16,972        —       (703 )      —        16,044  
KTBN Venture Fund No.8
      3,325        —        (814 )      —        3,325        —       —       —        2,511  
KTBN Digital Contents Korea Fund No.9
      5,329        —        268       —        5,329        —       —       —        5,597  
KTBN Media Contents Fund
      330        —        (20 )      —        330        —       (27 )      —        283  
 
    
For the year ended December 31, 2023
  
    
Acquisition
cost
     
January 1,
2023
     
Share of
profits(losses)
and others
    
Acquisition
     
Business

combination
     
Disposal/
Reclassification
    
Dividends
    
Change in
capital
    
December 31,
2023
  
KTB China Synergy Fund
      21,629        —        (1,224 )      —        21,629        —       —       —       20,405  
NAVER-KTB Audio Contents Fund
      284        —        4       —        284        —       —       —       288  
KTBN Venture Fund No.13
      13,279        —        3,407       —        13,279        —       (2,528 )      —       14,158  
KTBN Future Contents Fund
      3,892        —        669       —        3,892        —       —       —       4,561  
KTBN Venture Fund No.16
      17,546        —        1,015       —        17,546        —       —       —       18,561  
KTBN Venture Fund No.18
      26,308        —        662       2,850        23,458        —       —       —       26,970  
KB-KTB Technology Venture Fund
      7,755        —        (155 )      2,000        5,755        —       —       —       7,600  
WOORI 2022 Scaleup Venture Fund
      14,000        —        (414 )      13,645        355        —       (8 )      —       13,578  
WOORI 2022 Start-up Venture Fund
      2,564        —        (131 )      —        2,564        —       —       —       2,433  
KTB-NHN China Private Equity Fund
      1,272        —        (103 )      —        1,272        —       (1,024 )      (142 )      3  
KTBN GI Private Equity Fund
      189        —        392       —        189        —       —       36       617  
Chirochem
      102        —        —       —        102        —       —       —       102  
Godo Kaisha Oceanos 1
      10,800        8,788        92       —        —        —       (748 )      (154 )      7,978  
Woori Zip 1
      8,706        8,690        (127 )      —        —        (548 )      —       (386 )      7,629  
Woori Zip 2
      8,411        12,180        (107 )      —        —        (844 )      —       (534 )      10,695  
KG Fashion Co., Ltd.
(*)
      —        —        —       —        —        —       —       —       —  
KUM HWA Co., Ltd.
(*)
      —        —        —       —        —        —       —       —       —  
Jinmyung Plus Co., Ltd.
      —        10        4       —        —        —       —       —       14  
JC Assurance No.2 Private Equity Fund
(*)
      29,349        —        —       —        —        —       —       —       —  
Dream Company Growth no.1 PEF
      7,153        7,861        362       —        —        —       (414 )      —       7,809  
HMS-Oriens
1st Fund
      12,000        13,252        778       —        —        —       —       —       14,030  
Woori G Senior Loan Private Placement Investment Trust No.1
      75,114        81,861        3,341       —        —        (5,975 )      (3,637 )      —       75,590  
Genesis Eco No.1 Private Equity Fund
      12,000        11,216        (274 )      —        —        —       —       —       10,942  
Paratus Woori Material Component Equipment joint venture company
      17,700        17,250        (271 )      —        —        —       —       —       16,979  
Midas No. 8 Private Equity Joint Venture Company
      18,537        18,713        282       —        —        —       (530 )      —       18,465  
Orchestra Private Equity Fund IV
      9,700        9,698        457       —        —        (178 )      (422 )      —       9,555  
Synaptic Green No.1 PEF
      8,000        7,793        (182 )      —        —        —       —       —       7,611  
IGEN2022No. 1 Private Equity Fund
      7,422        8,010        336       —        —        —       (363 )      —       7,983  
PCC-Woori
LP Secondary Fund
      10,435        12,984        (2,450 )      —        —        (4 )      —       —       10,530  
Synaptic Future Growth Private Equity Fund
      7,295        —        (226 )      7,295        —        —       —       —       7,069  
Woori-Q
Corporate Restructuring Private Equity Fund
      17,441        27,536        2,708       369        —        (10,330 )      —       —       20,283  
Woori-Shinyoung
Growth-Cap
Private Equity Fund I
      17,018        43,274        (9,793 )      —        —        —       —       —       33,481  
 
    
For the year ended December 31, 2023
  
    
Acquisition
cost
     
January 1,
2023
     
Share of
profits(losses)
and others
    
Acquisition
     
Business

combination
     
Disposal/
Reclassification
    
Dividends
    
Change in
capital
     
December 31,
2023
  
NH Woori Newdeal Growth Alpha Private Equity Fund 1
      34,006        —        (1,019 )      34,006        —        —       —       —        32,987  
Woori BIG2 Plus Securities Investment Trust(Balanced Bond)
      2,200        1,074        543       2,000        —        (1,074 )      —       —        2,543  
Woori Short Term Government and Special Bank Bond Active ETF
      12,008        —        103       —        —        12,183       —       —        12,286  
Woori 25-09 Corporate Bond(AA- or higher) Active ETF
      29,001        —        820       29,001        —        —       —       —        29,821  
  
 
 
     
 
 
     
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
     
 
 
  
     1,536,905        1,305,636        109,792       310,239        136,930        (39,295 )      (29,279 )      1,347        1,795,370  
  
 
 
     
 
 
     
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
     
 
 
  
 
(*)
The amount for which no loss was recognized for associates due to discontinuation of the equity method was 2 million Won for KUM HWA Co., Ltd., 28 million Won for Orient Shipyard Co., Ltd., 120 million Won in KG FASHION CO., LTD., 371 million Won in JC Assurance No.2 Private Equity Fund and the accumulated amount is 4 million Won for KUM HWA Co., Ltd., 28 million Won for Orient
 
Shipyard Co., Ltd.,
 120 million Won in KG FASHION CO., LTD., 371 million Won in JC Assurance No.2 Private Equity Fund.
Reconciliation of summarised financial information of associates and joint ventures accounted for using equity method to carrying amount of interest in associates and joint ventures
(3)
Summary financial information relating to investments in associates accounted for using the equity method of accounting is as follows (Unit: Korean Won in millions):
 
    
December 31, 2022
  
    
Assets
     
Liabilities
     
Operating
revenue
    
Net
income

(loss)
    
Other
comprehensive
income(loss)
    
Total
comprehensive
income(loss)
  
W Service Networks Co., Ltd.
      7,052        2,825        19,697       1,215       —       1,215  
Korea Credit Bureau Co., Ltd.
      155,165        100,065        144,907       13,809       —       13,809  
Korea Finance Security Co., Ltd.
      28,792        12,964        47,043       (3,856 )      —       (3,856 ) 
Woori Growth Partnerships New Technology Private Equity Fund
      47,394        208        2,978       2,185       —       2,185  
2016KIF-IMM
Woori Bank Technology Venture Fund
      47,979        609        665       (7,839 )      —       (7,839 ) 
K BANK Co., Ltd.
      16,694,289        14,896,426        491,880       91,059       (32,156 )      58,903  
Woori Bank-Company K Korea Movie Asset Fund
(*1)
      989        33        462       324       —       324  
Partner One Value Up I Private Equity Fund
      18,395        —        (9,431 )      (9,831 )      —       (9,831 ) 
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership
      51,804        385        8,092       7,288       —       7,288  
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund
      15,811        95        1       (383 )      —       (383 ) 
LOTTE CARD Co., Ltd.
(*2)
      19,983,059        17,179,093        1,925,577       268,096       43,162       311,258  
Together-Korea Government Private Pool Private Securities Investment Trust No. 3
      10,246        1        218       170       —       170  
Union Technology Finance Investment Association
      48,991        299        2,300       632       —       632  
Dicustody Co., Ltd.
      95        —        —       (3 )      —       (3 ) 
Orient Shipyard Co., Ltd.
      10,832        27,225        —       (16,467 )      —       (16,467 ) 
BTS 2nd Private Equity Fund
      15,012        608        1       (725 )      —       (725 ) 
STASSETS FUND III
      4,660        313        37       (953 )      —       (953 ) 
Japanese Hotel Real Estate Private Equity Fund 2
      14,387        13        1,050       968       (1,186 )      (218 ) 
Woori Seoul Beltway Private Special Asset Fund No.1
      39,497        2        1,028       984       —       984  
Woori Short-term Bond Securities Investment Trust(Bond)
ClassC-F
      468,357        67,022        14,189       11,804       —       11,804  
Woori Safe Plus General Type Private Investment Trust
S-8(Bond)
      115,781        4,508        1,899       1,763       —       1,763  
WOORI TAERIM 1st Fund
      4,047        185        —       (13 )      —       (13 ) 
Portone-Cape Fund No.1
      2,344        26        —       (129 )      —       (129 ) 
KIWOOM WOORI Financial 1st Investment Fund
      10,597        111        1       (222 )      —       (222 ) 
DeepDive WOORI
2021-1
Financial Investment Fund
      7,412        37        57       (103 )      —       (103 ) 
Darwin Green Packaging Private Equity Fund
      19,332        —        2,215       1,904       —       1,904  
DS Power Semicon Private Equity Fund
      14,230        44        1,185       937       —       937  
Koreawide partners 2nd Private Equity Fund
      77,039        2,038        3,020       1       —       1  
Woori FirstValue Private Real Estate Fund No.2
      67,005        62,357        3       (54 )      —       (54 ) 
 
    
December 31, 2022
  
    
Assets
     
Liabilities
     
Operating
revenue
     
Net
income

(loss)
    
Other
comprehensive
income(loss)
     
Total
comprehensive
income(loss)
  
WooriG Real Infrastructure Blind General Type Private Placement Investment Trust
      73,064        56        3,140        2,874       —        2,874  
Woori BIG2 Plus Securities Investment Trust(Balanced Bond)
      4,667        12        389        (636 )      —        (636 ) 
Woori Together TDF 2025
      8,513        16        1,287        (1,018 )      —        (1,018 ) 
Woori Together TDF 2030
      8,615        —        1,352        (1,108 )      —        (1,108 ) 
WOORI Star50 feeder fund(H)
      709        —        48        (480 )      —        (480 ) 
Aarden Woori Apparel 1st Private Equity Fund
      20,750        89        8        (325 )      —        (325 ) 
Woori Dyno 1st Private Equity Fund
      10,212        43        200        (31 )      —        (31 ) 
Australia Green Energy 1st PEF
      122,634        14        30        (1,380 )      —        (1,380 ) 
Godo Kaisha Oceanos 1
      63,741        45,358        2,942        176       —        176  
Woori Zip 1
      48,309        34,346        2,085        (215 )      —        (215 ) 
Woori Zip 2
      68,388        48,927        3,069        (198 )      —        (198 ) 
Force TEC Co., Ltd.
      10,489        24,804        25,182        (2,664 )      —        (2,664 ) 
KUM HWA Co., Ltd.
      4        159        —        (8 )      —        (8 ) 
Jinmyung Plus Co., Ltd.
      696        649        177        (9 )      —        (9 ) 
JC Assurance No.2 Private Equity Fund
      122,015        3        —        (929 )      —        (929 ) 
Dream Company Growth no.1 PEF
      28,351        50        1,695        1,506       —        1,506  
HMS-Oriens
1st Fund
      58,095        6        3,829        3,279       —        3,279  
Woori G Senior Loan Private Placement Investment Trust No.1
      378,145        23        18,584        17,496       —        17,496  
Genesis Eco No.1 Private Equity Fund
      38,700        5        48        (593 )      —        (593 ) 
Paratus Woori Material Component Equipment joint venture company
      58,311        617        7        (812 )      —        (812 ) 
Midas No. 8 Private Equity Joint Venture Company
      65,936        242        1,928        977       —        977  
Orchestra Private Equity Fund IV
      34,427        —        1,580        878       —        878  
Synaptic Green No.1 PEF
      37,017        —        4        (983 )      —        (983 ) 
IGEN2022No. 1 Private Equity Fund
      32,362        122        3,166        2,616       —        2,616  
PCC-Woori
LP Secondary Fund
      33,591        168        6,127        1,152       —        1,152  
Woori-Q
Corporate Restructuring Private Equity Fund
      75,973        418        3,019        (4,696 )      —        (4,696 ) 
Woori-Shinyoung
Growth-Cap
Private Equity Fund I
      123,824        312        41,780        40,544       —        40,544  
 
(*1)
It was dissoluted for the year ended December 31,2021 and will be liquidated.
(*2)
The amount is after reflecting the fair value adjustment that occurred when acquiring the shares and the adjustments that occurred by difference of accounting policies with the Group.
 
    
December 31, 2023
  
    
Assets
     
Liabilities
     
Operating
revenue
    
Net
income

(loss)
    
Other
comprehensive
income(loss)
     
Total
comprehensive
income(loss)
  
W Service Networks Co., Ltd.
      6,887        2,496        19,350       1,069       —        1,069  
Korea Credit Bureau Co., Ltd.
      131,164        68,756        163,707       8,012       —        8,012  
Korea Finance Security Co., Ltd.
      36,185        14,287        44,709       (464 )      6,730        6,266  
K BANK Co., Ltd.
      20,799,599        18,903,298        826,894       49,853       47,885        97,738  
Partner One Value Up I Private Equity Fund
      14,182        293        (4,107 )      (4,505 )      —        (4,505 ) 
 
    
December 31, 2023
  
    
Assets
     
Liabilities
     
Operating
revenue
     
Net
income

(loss)
    
Other
comprehensive
income(loss)
    
Total
comprehensive
income(loss)
  
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership
      41,533        305        6,501        5,823       —       5,823  
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund
      15,754        100        2        (388 )      —       (388 ) 
LOTTE CARD Co., Ltd.
(*1)
      22,329,308        19,191,007        1,937,383        363,673       (19,888 )      343,785  
Union Technology Finance Investment Association
      41,543        233        2,261        (838 )      —       (838 ) 
Dicustody Co., Ltd.
      92        —        —        (3 )      —       (3 ) 
Orient Shipyard Co., Ltd.
      10,708        27,225        —        (124 )      —       (124 ) 
Joongang Network Solution Co.,Ltd.
      1,505        3,156        5,758        5       —       5  
Win Mortgage Co.,LTd.
      3,518        1,197        9,309        378       —       378  
Together-Korea Government Private Pool Private Securities Investment Trust No. 3
      10,543        1        227        222       —       222  
BTS 2nd Private Equity Fund
      25,030        837        4        (1,213 )      —       (1,213 ) 
STASSETS FUND III
      30,014        312        95        (1,145 )      —       (1,145 ) 
SF CREDIT PARTNERS, LLC
      149,157        25,996        7,618        (4,610 )      (2,819 )      (7,429 ) 
Rea Company
      2,248        3,736        802        (694 )      —       (694 ) 
ARAM CMC Co.,Ltd.
      669        485        1,005        (254 )      —       (254 ) 
Japanese Hotel Real Estate Private Equity Fund No.2
      13,541        12        54        46       (602 )      (556 ) 
Woori Seoul Beltway Private Special Asset Fund No.1
      50,362        2        1,858        1,805       —       1,805  
Woori General Private Securities Investment Trust(Bond) No.1
      414,760        208,014        12,617        6,746       —       6,746  
Woori Short-term Bond Securities Investment Trust(Bond)
ClassC-F
      828,793        126,879        34,607        31,283       —       31,283  
Woori Safe Plus General Type Private Investment Trust
S-8(Bond)
      113,413        6        4,774        4,542       —       4,542  
Woori General Private Securities Investment Trust(Bond) No.2
      224,205        111,165        5,767        3,040       —       3,040  
Woori Smart General Private Equity Investment Trust 1(bond)
      289,553        145,580        7,373        3,973       —       3,973  
Woori General Private Securities Investment Trust(Bond) No.3
      532,139        347,809        9,304        4,342       —       4,342  
Woori Asset Global Partnership Fund No.5
      38,537        281        —        (744 )      —       (744 ) 
WOORI TAERIM 1st Fund
      4,045        183        —        —       —       —  
Portone-Cape Fund No.1
      2,324        100        —        (103 )      —       (103 ) 
DeepDive WOORI
2021-1
Financial Investment Fund
      10,400        19        9,607        9,467       —       9,467  
Darwin Green Packaging Private Equity Fund
      19,390        —        759        451       —       451  
Koreawide partners 2nd Private Equity Fund
      75,064        2,931        —        (2,831 )      —       (2,831 ) 
Woori FirstValue Private Real Estate Fund No.2
      67,024        62,357        32        18       —       18  
WooriG Real Infrastructure Blind General Type Private Placement Investment Trust
      114,909        92        6,053        4,892       —       4,892  
Woori Together TDF 2030
      11,944        61        2,528        1,017       —       1,017  
Woori Together OCIO Target Return Feeder fund (Balance Bond)
      50,831        1        2,446        2,444       —       2,444  
Australia Green Energy 1st PEF
      121,454        24        508        (1,189 )      —       (1,189 ) 
Aarden Woori Apparel 1st Private Equity Fund
      28,219        90        1        (332 )      —       (332 ) 
 
    
December 31, 2023
  
    
Assets
     
Liabilities
     
Operating
revenue
    
Net
income

(loss)
    
Other
comprehensive
income(loss)
    
Total
comprehensive
income(loss)
  
Woori Dyno 1st Private Equity Fund
      12,068        43        2,053       1,886       —       1,886  
KTB-KORUS FUND
      8,957        1        127       (712 )      —       (712 ) 
KTB China Platform Fund
      85,909        13        2,411       (5,160 )       —       (5,160 ) 
KTBN Venture Fund No.7
      79,871        —        6,420       508       —       508  
KTBN Venture Fund No.8
      11,758        207        2,359       (4,559 )      —       (4,559 ) 
KTBN Digital Contents Korea Fund No.9
      20,257        1,599        3,030       (1,142 )      —       (1,142 ) 
KTBN Media Contents Fund
      1,887        —        199       (35 )      —       (35 ) 
KTB China Synergy Fund
      145,464        9,977        23,055       (8,686 )      —       (8,686 ) 
NAVER-KTB Audio Contents Fund
      29,419        652        1,017       237       —       237  
KTBN Venture Fund No.13
      72,943        737        21,662       18,507       —       18,507  
KTBN Future Contents Fund
      34,696        486        7,394       4,776       —       4,776  
KTBN Venture Fund No.16
      182,850        1,875        40,201       11,133       —       11,133  
KTBN Venture Fund No.18
      268,437        2,526        31,543       8,036       —       8,036  
KB-KTB Technology Venture Fund
      42,046        246        2,055       (1,076 )      —       (1,076 ) 
WOORI 2022 Scaleup Venture Fund
      68,626        826        504       (2,758 )      —       (2,758 ) 
WOORI 2022 Start-up Venture Fund
      8,237        156        42       (576 )      —       (576 ) 
KTB-NHN China Private Equity Fund
      16        7        946       (315 )       (319 )       (634 ) 
KTBN GI Private Equity Fund
      12,391        45        —       7,146       712       7,858  
Chirochem
      732        375        4,215       148       —       148  
Godo Kaisha Oceanos 1
      62,021        45,334        2,765       192       —       192  
Woori Zip 1
      44,448        31,702        2,066       (198 )      —       (198 ) 
Woori Zip 2
      62,642        45,012        3,023       (167 )      —       (167 ) 
KG Fashion Co., Ltd.
      2,559        3,022        943       (569 )      —       (569 ) 
KUM HWA Co., Ltd.
      4        167        —       —       —       —  
Jinmyung Plus Co., Ltd.
      519        454        146       (3 )      —       (3 ) 
JC Assurance No.2 Private Equity Fund
      121,596        8        —       (628 )      —       (628 ) 
Dream Company Growth no.1 PEF
      28,366        255        1,490       1,300       —       1,300  
HMS-Oriens
1st Fund
      61,498        1        3,957       3,408       —       3,408  
Woori G Senior Loan Private Placement Investment Trust No.1
      349,154        22        17,759       16,726       —       16,726  
Genesis Eco No.1 Private Equity Fund
      38,064        314        —       (947 )      —       (947 ) 
Paratus Woori Material Component Equipment joint venture company
      58,298        1,510        —       (906 )      —       (906 ) 
Midas No. 8 Private Equity Joint Venture Company
      65,063        242        1,956       1,002       —       1,002  
Orchestra Private Equity Fund IV
      34,041        122        1,680       1,172       —       1,172  
Synaptic Green No.1 PEF
      36,325        175        4       (867 )      —       (867 ) 
IGEN2022No. 1 Private Equity Fund
      32,255        124        1,847       1,350       —       1,350  
PCC-Woori
LP Secondary Fund
      27,773        668        908       (6,350 )      —       (6,350 ) 
Synaptic Future Growth Private Equity Fund 1
      30,049        301        2       (951 )      —       (951 ) 
Woori-Q
Corporate Restructuring Private Equity Fund
      63,265        456        4,945       3,018       —       3,018  
Woori-Shinyoung
Growth-Cap
Private Equity Fund I
      97,265        1,522        (26,435 )      (27,768 )      —       (27,768 ) 
NH Woori Newdeal Growth Alpha Private Equity Fund 1
      100,215        1,588        2       (3,605 )      —       (3,605 ) 
Woori BIG2 Plus Securities Investment Trust(Balanced Bond)
      16,630        5        1,383       1,383       —       1,383  
 
    
December 31, 2023
  
    
Assets
     
Liabilities
     
Operating
revenue
     
Net
income

(loss)
     
Other
comprehensive
income(loss)
     
Total
comprehensive
income(loss)
  
Woori 25-09 Corporate Bond(AA- or higher) Active ETF
   
 
133,729
 
   
 
32,028
 
   
 
3,006
 
   
 
2,831
 
   
 
—
 
   
 
2,831
 
Woori Short Term Government and Special Bank Bond Active ETF
   
 
62,185
 
   
 
3,212
 
   
 
1,222
 
   
 
978
 
   
 
—
 
   
 
978
 
 
(*1)
The amount is after reflecting the fair value adjustment that occurred when acquiring the shares and the adjustments that occurred by difference of accounting policies with the Group.
Entities that the Group has not applied equity method of accounting although the Group's ownership interest is more than 20%
(4)
The entities that the Group has not applied equity method of accounting although the Group’s ownership interest is more than 20% as of December 31, 2022 and 2023 are as follows:
 
    
December 31, 2022
  
Associate
(*)
   
Number of shares owned
     
Ownership (%)
  
CL Tech Co., Ltd.
      10,191        28.6  
 
(*)
Although the Group’s ownership interest of the entity is more than 20%, the Group does not have significant influence over the entity since it is going through
work-out
process under receivership, thus it is excluded from the investment in joint ventures and associates.
 
    
December 31, 2023
  
Associate
(*)
   
Number of shares owned
     
Ownership (%)
  
CL Tech Co., Ltd.
      10,191        28.6  
 
(*)
Although the Group’s ownership interest of the entity is more than 20%, the Group does not have significant influence over the entity since it is going through
work-out
process under receivership, thus it is excluded from the investment in joint ventures and associates.
Reconciliations from the net assets of the associates to the book value of the shares of the investment in joint ventures and associates
(5)
As of December 31, 2021, 2022 and 2023, the reconciliations from the net assets of the associates to the carrying amount of the shares of the investment in joint ventures and associates are as follows (Unit: Korean Won in millions except for ownership):
 
    
December 31, 2021
  
    
Total net
asset
     
Ownership
(%)
     
Ownership
portion of
net assets
     
Basis
difference
     
Impairment
     
Intercompany
transaction
     
Book

value
  
W Service Networks Co., Ltd.
      3,704        4.9        183        —        —        —        183  
Korea Credit Bureau Co., Ltd.
      92,575        9.9        9,177        246        —        —        9,423  
Korea Finance Security Co., Ltd.
      20,671        15.0        3,101        —        —        —        3,101  
Woori Growth Partnerships New Technology Private Equity Fund
      53,942        23.1        12,448        —        —        —        12,448  
2016KIF-IMM
Woori Bank Technology Venture Fund
      63,146        20.0        12,630        —        —        —        12,630  
K BANK Co., Ltd.
(*)
      1,730,307        12.6        217,599        21,894        —        —        239,493  
Woori Bank-Company K Korea Movie Asset Fund
      1,381        25.0        345        —        —        —        345  
Partner One Value Up Ist Private Equity Fund
      28,273        23.3        6,576        —        —        —        6,576  
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership
      55,767        20.0        11,153        —        —        —        11,153  
 
    
December 31, 2021
  
    
Total net
asset
    
Ownership
(%)
     
Ownership
portion of
net assets
    
Basis
difference
     
Impairment
    
Intercompany
transaction
    
Book

value
  
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund
      15,794       25.0        3,949       —        —       305       4,254  
LOTTE CARD Co., Ltd.
(*1)
      2,291,474       20.0        458,295       —        —       —       458,295  
Together-Korea Government Private Pool Private Securities Investment Trust No.3
      10,071       100.0        10,070       —        —       —       10,070  
Genesis Environmental Energy Company 1st Private Equity Fund
      16,669       24.8        4,126       —        —       —       4,126  
Union Technology Finance Investment Association
      41,706       29.7        12,388       —        —       —       12,388  
Dicustody Co., Ltd.
      98       1.0        1       —        —       —       1  
Japanese Hotel Real Estate Private Equity Fund No.2
      16,090       19.9        3,196       —        —       —       3,196  
Woori Seoul Beltway Private Special Asset Fund No.1
      30,205       25.0        7,551       —        —       —       7,551  
Woori Multi Return Private Securities Investment Trust 3(Balanced Bond)
      50,114       20.0        10,023       —        —       —       10,023  
Woori Short-term Bond Securities Investment Trust (Bond)
ClassC-F
      1,050,704       14.5        151,822       —        —       —       151,822  
WOORI TAERIM 1st Fund
      3,875       25.6        991       —        —       —       991  
Portone-Cape Fund No.1
      2,447       20.0        489       —        —       —       489  
KIWOOM WOORI Financial 1st Investment Fund
      10,707       9.1        973       —        —       —       973  
DeepDive WOORI
2021-1
Financial Investment Fund
      8,340       11.9        993       —        —       —       993  
Darwin Green Packaging Private Equity Fund
      19,387       20.4        3,957       —        —       —       3,957  
Woori FirstValue Private Real Estate Fund No.2
      6,363       12.0        763       —        —       —       763  
WooriG Real Infrastructure Blind General Type Private Placement Investment Trust
      35,795       0.3        100       —        —       —       100  
Woori Hanhwa Eureka Private Equity Fund
      40,684       0.8        327       —        —       —       327  
Aarden Woori Apparel 1st Private Equity Fund
      20,986       0.5        99       —        —       —       99  
Godo Kaisha Oceanos 1
      20,720       47.8        9,905       —        —       —       9,905  
Woori Zip 1
      16,426       63.9        10,496       —        —       —       10,496  
Woori Zip 2
      23,082       63.8        14,732       —        —       —       14,732  
Force TEC
      (11,604 )      24.5        (2,843 )      —        —       2,843       —  
KUM HWA Co., Ltd.
      (156 )      20.1        (31 )      —        —       31       —  
Jinmyung Plus Co.,Ltd.
      123       21.3        25       —        —       (25 )      —  
JC Assurance No.2 Private Equity Fund
      118,397       24.4        29,349       —        (11,621 )      —       17,728  
Dream Company Growth no.1 PEF
      28,489       27.8        7,914       —        —       —       7,914  
HMS-Oriens
1st Fund
      52,631       22.8        12,007       —        —       —       12,007  
WooriG Senior Loan General Type Private Investment Trust No.1
      406,609       21.7        88,029       —        —       —       88,029  
 
    
December 31, 2021
  
    
Total net
asset
     
Ownership
(%)
     
Ownership
portion of
net assets
     
Basis
difference
     
Impairment
     
Intercompany
transaction
     
Book

value
  
Genesis Eco No.1 Private Equity Fund
      38,365        29.0        11,120        —        —        —        11,120  
Paratus Woori Material Component Equipment joint venture company
      58,507        29.9        17,493        —        —        —        17,493  
Midas No. 8 Private Equity Joint Venture Company
      66,587        28.5        18,968        —        —        —        18,968  
PCC-Woori
LP Secondary Fund
      31,585        38.8        12,350        —        —        —        12,350  
Woori High Plus Short-term High Graded ESG Bond Sec Feeder Inv Trust 1
      257,891        27.5        73,787        —        —        —        73,787  
Woori-Q
Corporate Restructuring Private Equity Fund
      120,502        38.1        46,155        —        —        —        46,155  
Woori-Shinyoung
Growth-Cap
Private Equity Fund I
      81,773        35.0        28,713        —        —        —        28,713  
 
(*)
The net asset equity amount is after the
debt-for-equity
swap,
non-controlling
etc.
 
   
December 31, 2022
  
   
Total net
asset
    
Ownership
(%)
    
Ownership
portion of
net assets
    
Basis
difference
    
Impairment
    
Intercompany
transaction
    
Book

value
  
W Service Networks Co., Ltd.
     4,227       4.9       209       —       —       (1 )      208  
Korea Credit Bureau Co., Ltd.
     55,100       9.9       5,462       246       —       1       5,709  
Korea Finance Security Co., Ltd.
     15,828       15.0       2,374       —       —       —       2,374  
Woori Growth Partnerships New Technology Private Equity Fund
     47,185       23.1       10,889       —       —       —       10,889  
2016KIF-IMM
Woori Bank Technology Venture Fund
     47,370       20.0       9,474       —       —       —       9,474  
K BANK Co., Ltd.
(*)
     1,796,269       12.6       225,894       21,894       —       1       247,789  
Woori Bank-Company K Korea Movie Asset Fund
     957       25.0       239       —       —       —       239  
Partner One Value Up Ist Private Equity Fund
     18,395       23.3       4,278       —       —       —       4,278  
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership
     51,419       20.0       10,284       —       —       1       10,285  
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund
     15,716       25.0       3,929       —       —       426       4,355  
LOTTE CARD Co., Ltd.
(*)
     2,570,656       20.0       514,131       —       —       —       514,131  
Together-Korea Government Private Pool Private Securities Investment Trust No.3
     10,245       100.0       10,244       —       —       (1 )      10,243  
Union Technology Finance Investment Association
     48,692       29.7       14,463       —       —       (1 )      14,462  
Dicustody Co., Ltd.
     95       1.0       1       —       —       —       1  
Orient Shipyard Co., Ltd.
     (16,393 )      22.7       (3,721 )      —       —       3,721       —  
BTS 2nd Private Equity Fund
     14,405       20.0       2,881       —       —       —       2,881  
STASSETS FUND III
     4,347       28.3       1,230       —       —       —       1,230  
Japanese Hotel Real Estate Private Equity Fund No.2
     14,374       19.9       2,855       —       —       —       2,855  
Woori Seoul Beltway Private Special Asset Fund No.1
     39,495       25.0       9,874       —       —       —       9,874  
 
   
December 31, 2022
  
   
Total net
asset
    
Ownership
(%)
    
Ownership
portion of
net assets
    
Basis
difference
    
Impairment
    
Intercompany
transaction
    
Book

value
  
Woori Short-term Bond Securities Investment Trust (Bond)
ClassC-F
     401,335       27.9       112,025       —       —       —       112,025  
Woori Safe Plus General Type Private Investment Trust
S-8(Bond)
     111,273       9.2       10,182       —       —       —       10,182  
WOORI TAERIM 1st Fund
     3,862       25.6       988       —       —       —       988  
Portone-Cape Fund No.1
     2,318       20.0       464       —       —       —       464  
KIWOOM WOORI Financial 1st Investment Fund
     10,486       9.1       953       —       —       —       953  
DeepDive WOORI
2021-1
Financial Investment Fund
     7,375       11.9       878       —       —       —       878  
Darwin Green Packaging Private Equity Fund
     19,332       20.4       3,945       —       —       —       3,945  
DS Power Semicon Private Equity Fund
     14,186       21.0       2,976       —       —       —       2,976  
Koreawide partners 2nd Private Equity Fund
     75,001       26.7       20,000       —       —       —       20,000  
Woori FirstValue Private Real Estate Fund No.2
     4,648       12.0       558       —       —       —       558  
Woori G Real Infrastructure Blind General Type Private Placement Investment Trust
     73,008       0.1       102       —       —       —       102  
Woori BIG2 Plus Securities Investment Trust(Balanced Bond)
     4,655       23.1       1,074       —       —       —       1,074  
Woori Together TDF 2025
     8,497       23.6       1,990       —       —       —       1,990  
Woori Together TDF 2030
     8,615       23.8       2,033       —       —       —       2,033  
WOORI Star50 feeder fund(H)
     709       17.9       126       —       —       —       126  
Aarden Woori Apparel 1st Private Equity Fund
     20,661       0.5       97       —       —       —       97  
Woori Dyno 1st Private Equity Fund
     10,169       19.6       1,994       —       —       —       1,994  
Australia Green Energy 1st PEF
     122,620       4.0       4,858       —       —       —       4,858  
Godo Kaisha Oceanos 1
     18,383       47.8       8,788       —       —       —       8,788  
Woori Zip 1
     13,963       64.0       8,690       —       —       —       8,690  
Woori Zip 2
     19,461       64.0       12,180       —       —       —       12,180  
Force TEC
     (14,315 )      24.5       (3,513 )      —       —       3,513       —  
KUM HWA Co., Ltd.
     (155 )      20.1       (31 )      —       —       31       —  
Jinmyung Plus Co.,Ltd.
     47       21.3       10       —       —       —       10  
JC Assurance No.2 Private Equity Fund
     122,012       23.5       17,728       —       (17,728 )      —       —  
Dream Company Growth no.1 PEF
     28,301       27.8       7,861       —       —       —       7,861  
HMS-Oriens
1st Fund
     58,089       22.8       13,252       —       —       —       13,252  
Woori G Senior Loan General Type Private Investment Trust No.1
     378,122       21.7       81,861       —       —       —       81,861  
Genesis Eco No.1 Private Equity Fund
     38,695       29.0       11,216       —       —       —       11,216  
Paratus Woori Material Component Equipment joint venture company
     57,694       29.9       17,250       —       —       —       17,250  
Midas No. 8 Private Equity Joint Venture Company
     65,694       28.5       18,713       —       —       —       18,713  
Orchestra Private Equity Fund IV
     34,427       28.2       9,698       —       —       —       9,698  
Synaptic Green No.1 PEF
     37,017       21.1       7,793       —       —       —       7,793  
IGEN2022No. 1 Private Equity Fund
     32,240       24.8       8,010       —       —       —       8,010  
PCC-Woori
LP Secondary Fund
     33,423       38.8       12,984       —       —       —       12,984  
Woori-Q
Corporate Restructuring Private Equity Fund
     75,555       35.6       27,536       —       —       —       27,536  
Woori-Shinyoung
Growth-Cap
Private Equity Fund I
     123,512       35.0       43,274       —       —       —       43,274  
 
(*)
The net asset equity amount is after the
debt-for-equity
swap,
non-controlling
etc.
 
 
 
December 31, 2023
 
 
 
Total net

asset
 
 
Ownership

(%)
 
 
Ownership

portion of

net assets
 
 
Basis

difference
 
 
Impairment
 
 
Intercompany

transaction
 
 
Book

value
 
W Service Networks Co., Ltd.
     4,391       4.9       216       —       —       —       216  
Korea Credit Bureau Co., Ltd.
     62,408       9.9       6,186       247       —       —       6,433  
Korea Finance Security Co., Ltd.
     21,898       15.0       3,285       —       —       —       3,285  
K BANK Co., Ltd. (*)
     1,893,785       12.6       238,158       21,894       —       —       260,052  
Partner One Value Up I Private Equity Fund
     13,889       23.3       3,230       —       —       —       3,230  
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership
     41,228       20.0       8,247       —       —       —       8,247  
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund
     15,654       25.0       3,914       —       —       523       4,437  
LOTTE CARD Co., Ltd. (*)
     2,936,964       20.0       587,392       —       —       —       587,392  
Union Technology Finance Investment Association
     41,310       29.7       12,270       —       —       —       12,270  
Dicustody Co., Ltd.
     92       1.0       1       —       —       —       1  
Orient Shipyard Co., Ltd.
     (16,517 )      22.7       (3,754 )      —       —       3,754       —  
Joongang Network Solution Co.,Ltd.
     (1,651 )      25.3       (419 )      —       —       507       88  
Win Mortgage Co.,LTd.
     2,321       4.5       105       —       —       —       105  
Together-Korea Government Private Pool Private Securities Investment Trust No. 3
     10,542       100.0       10,540       —       —       —       10,540  
BTS 2nd Private Equity Fund
     24,193       20.0       4,838       —       —       —       4,838  
STASSETS FUND III
     29,702       28.3       8,406       —       —       —       8,406  
SF CREDIT PARTNERS, LLC
     123,161       10.0       12,316       —       —       529       12,845  
Rea Company
     (1,488 )      24.5       (365 )      —       —       365       —  
ARAM CMC Co.,Ltd.
     184       20.0       37       —       —       (37 )      —  
Japanese Hotel Real Estate Private Equity Fund No.2
     13,529       19.9       2,688       —       —       —       2,688  
Woori Seoul Beltway Private Special Asset Fund No.1
     50,360       25.0       12,590       —       —       —       12,590  
Woori General Private Securities Investment Trust(Bond) No.1
     206,746       25.0       51,686       —       —       —       51,686  
Woori Short-term Bond Securities Investment Trust(Bond) ClassC-F
     701,914       15.0       105,564       —       —       —       105,564  
Woori Safe Plus General Type Private Investment Trust S-8(Bond)
     113,407       9.1       10,330       —       —       —       10,330  
Woori General Private Securities Investment Trust(Bond) No.2
     113,040       27.3       30,829       —       —       —       30,829  
Woori Smart General Private Equity Investment Trust 1(bond)
     143,973       28.6       41,135       —       —       —       41,135  
Woori General Private Securities Investment Trust(Bond) No.3
     184,330       27.8       51,205       —       —       —       51,205  
Woori Asset Global Partnership Fund No.5
     38,256       57.7       22,071       —       —       —       22,071  
WOORI TAERIM 1st Fund
     3,862       25.6       988       —       —       —       988  
Portone-Cape Fund No.1
     2,224       20.0       445       —       —       —       445  
DeepDive WOORI 2021-1 Financial Investment Fund
     10,381       11.9       1,236       —       —       —       1,236  
Darwin Green Packaging Private Equity Fund
     19,390       20.4       3,957       —       —       —       3,957  
Koreawide partners 2nd Private Equity Fund
     72,133       26.7       19,235       —       —       —       19,235  
Woori FirstValue Private Real Estate Fund No.2
     4,667       12.0       560       —       —       —       560  
WooriG Real Infrastructure Blind General Type Private Placement Investment Trust
     114,817       0.1       55       —       —       —       55  
Woori Together TDF 2030
     11,894       28.0       3,324       —       —       —       3,324  
Woori Together OCIO Target Return Feeder fund (Balance Bond)
     50,837       20.4       10,376       —       —       —       10,376  
Australia Green Energy 1st PEF
     121,430       4.0       4,811       —       —       —       4,811  
Aarden Woori Apparel 1st Private Equity Fund
     28,129       0.5       133       —       —       —       133  
Woori Dyno 1st Private Equity Fund
     12,025       19.6       2,358       —       —       —       2,358  
 
 
 
December 31, 2023
 
 
 
Total net
asset
 
 
Ownership
(%)
 
 
Ownership
portion of
net assets
 
 
Basis
difference
 
 
Impairment
 
 
Intercompany
transaction
 
 
Book

value
 
KTB-KORUS FUND
 
 
8,956
 
 
 
37.5
 
 
 
3,359
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
3,359
 
KTB China Platform Fund
 
 
85,895
 
 
 
18.7
 
 
 
16,059
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
16,059
 
KTBN Venture Fund No.7
 
 
79,871
 
 
 
20.1
 
 
 
16,044
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
16,044
 
KTBN Venture Fund No.8
 
 
11,551
 
 
 
21.7
 
 
 
2,511
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
2,511
 
KTBN Digital Contents Korea Fund No.9
 
 
18,658
 
 
 
30
 
 
 
5,597
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
5,597
 
KTBN Media Contents Fund
 
 
1,887
 
 
 
15
 
 
 
283
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
283
 
KTB China Synergy Fund
 
 
135,487
 
 
 
15.1
 
 
 
20,405
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
20,405
 
NAVER-KTB Audio Contents Fund
 
 
28,767
 
 
 
1
 
 
 
288
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
288
 
KTBN Venture Fund No.13
 
 
72,206
 
 
 
19.6
 
 
 
14,158
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
14,158
 
KTBN Future Contents Fund
 
 
34,210
 
 
 
13.3
 
 
 
4,561
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
4,561
 
KTBN Venture Fund No.16
 
 
180,975
 
 
 
10.3
 
 
 
18,561
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
18,561
 
KTBN Venture Fund No.18
 
 
265,911
 
 
 
10.1
 
 
 
26,970
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
26,970
 
KB-KTB Technology Venture Fund
 
 
41,800
 
 
 
18.2
 
 
 
7,600
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
7,600
 
WOORI 2022 Scaleup Venture Fund
 
 
67,800
 
 
 
20
 
 
 
13,578
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
13,578
 
WOORI 2022 Start-up Venture Fund
 
 
8,081
 
 
 
30.1
 
 
 
2,433
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
2,433
 
KTB-NHN China Private Equity Fund
 
 
9
 
 
 
33.3
 
 
 
3
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
3
 
KTBN GI Private Equity Fund
 
 
12,346
 
 
 
5
 
 
 
617
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
617
 
Chirochem
 
 
357
 
 
 
28.6
 
 
 
102
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
102
 
Godo Kaisha Oceanos 1
 
 
16,687
 
 
 
47.8
 
 
 
7,978
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
7,978
 
Woori Zip 1
 
 
12,746
 
 
 
62.4
 
 
 
7,629
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
7,629
 
Woori Zip 2
 
 
17,630
 
 
 
62.8
 
 
 
10,695
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
10,695
 
KG Fashion Co., Ltd.
 
 
(463
) 
 
 
20.8
 
 
 
(96
) 
 
 
—
 
 
 
—
 
 
 
96
 
 
 
—
 
KUM HWA Co., Ltd.
 
 
(163
) 
 
 
20.1
 
 
 
(33
) 
 
 
—
 
 
 
—
 
 
 
33
 
 
 
—
 
Jinmyung Plus Co.,
 
Ltd.
 
 
65
 
 
 
21.3
 
 
 
14
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
14
 
JC Assurance No.2 Private Equity Fund
 
 
121,588
 
 
 
23.5
 
 
 
28,610
 
 
 
—
 
 
 
(28,610
) 
 
 
—
 
 
 
—
 
Dream Company Growth no.1 PEF
 
 
28,111
 
 
 
27.8
 
 
 
7,809
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
7,809
 
HMS-Oriens
1st Fund
 
 
61,497
 
 
 
22.8
 
 
 
14,030
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
14,030
 
Woori G Senior Loan Private Placement Investment Trust No.1
 
 
349,132
 
 
 
21.7
 
 
 
75,590
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
75,590
 
Genesis Eco No.1 Private Equity Fund
 
 
37,750
 
 
 
29.0
 
 
 
10,942
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
10,942
 
Paratus Woori Material Component Equipment joint venture company
 
 
56,788
 
 
 
29.9
 
 
 
16,979
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
16,979
 
Midas No. 8 Private Equity Joint Venture Company
 
 
64,821
 
 
 
28.5
 
 
 
18,465
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
18,465
 
Orchestra Private Equity Fund IV
 
 
33,919
 
 
 
28.2
 
 
 
9,555
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
9,555
 
Synaptic Green No.1 PEF
 
 
36,150
 
 
 
21.1
 
 
 
7,611
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
7,611
 
IGEN2022No. 1 Private Equity Fund
 
 
32,131
 
 
 
24.8
 
 
 
7,983
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
7,983
 
PCC-Woori
LP Secondary Fund
 
 
27,105
 
 
 
38.9
 
 
 
10,530
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
10,530
 
Synaptic Future Growth Private Equity
Fund 1
 
 
29,748
 
 
 
23.8
 
 
 
7,069
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
7,069
 
Woori-Q
Corporate Restructuring Private Equity Fund
 
 
62,809
 
 
 
32.4
 
 
 
20,283
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
20,283
 
Woori-Shinyoung
Growth-Cap
Private Equity Fund I
 
 
95,743
 
 
 
35.0
 
 
 
33,481
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
33,481
 
NH Woori Newdeal Growth Alpha Private Equity Fund 1
 
 
98,627
 
 
 
32.7
 
 
 
32,987
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
32,987
 
Woori BIG2 Plus Securities Investment Trust(Balanced Bond)
 
 
16,625
 
 
 
14.1
 
 
 
2,543
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
2,543
 
Woori 25-09 Corporate Bond (AA- or higher) Active ETF
 
 
101,701
 
 
 
29.3
 
 
 
29,821
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
29,821
 
Woori Short Term Government and Special Bank Bond Active ETF
 
 
58,973
 
 
 
20.8
 
 
 
12,286
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
12,286
 
 
(*)
The net asset equity amount is after the
debt-for-equity
swap,
non-controlling
etc.