6-K 1 d884946d6k.htm FORM 6-K Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2025

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 ☐

 

 

 


Results of the Annual General Meeting of Shareholders

of Woori Financial Group Inc. for Fiscal Year 2024

The annual general meeting of shareholders (the “AGM”) of Woori Financial Group Inc. (“Woori Financial Group”) was held on March 26, 2025 and all seven agenda items listed below were approved and ratified as originally proposed.

Key Details Relating to the Annual General Meeting of Shareholders

 

   

Agenda:

 

  1.

Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for fiscal year 2024 (Jan. 1, 2024 – Dec. 31, 2024)

 

  2.

Approval of amendments to the Articles of Incorporation

 

  3.

Approval of reductions to the capital reserve

 

  4.

Election of directors (4 independent directors)

 

   

4-1 Candidate for independent director : Choon Soo KIM

 

   

4-2 Candidate for independent director : Young Hoon KIM

 

   

4-3 Candidate for independent director : Kang Haeng LEE

 

   

4-4 Candidate for independent director : In Sub YOON

 

  5.

Election of independent director who will serve as an audit committee member

 

   

Candidate for independent director who will serve as an audit committee member : Yeongseop RHEE

 

  6.

Election of audit committee members who are independent directors (3 independent directors)

 

   

6-1 Candidate for audit committee member who is an independent director : Choon Soo KIM

 

   

6-2 Candidate for audit committee member who is an independent director : Young Hoon KIM

 

   

6-3 Candidate for audit committee member who is an independent director : Kang Haeng LEE

 

  7.

Approval of the maximum limit on directors’ compensation


   

Agenda details

 

  1.

Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for fiscal year 2024 (Jan. 1, 2024 – Dec. 31, 2024)

(units: in millions of KRW, unless indicated otherwise)

< Consolidated – Independent Auditor’s Opinion : Unqualified>

 

Total Assets

     525,753,320      Revenue      46,680,933  

Total Liabilities

     489,858,051      Operating Income      4,255,190  

Capital Stock

     3,802,676      Net Income      3,171,469  

Total Equity

     35,895,269      Earnings Per Share

(in KRW)

     3,950  

< Separate – Independent Auditor’s Opinion : Unqualified>

 

Total Assets

     26,353,037      Revenue      1,262,533  

Total Liabilities

     2,200,306      Operating Income      1,123,301  

Capital Stock

     3,802,676      Net Income      1,123,332  

Total Equity

     24,152,731      Earnings Per Share

(in KRW)

     1,296  

 

   

Cash dividends for fiscal year 2024

 

     (units: in KRW)  

Total dividends per common share

     1,200  

Year-end dividends per common share

     660  

Quarterly dividend per common share

     540  

Dividend yield*

     6.9

Dividend per class share

     —   

Total dividend amount

     891,045,067,200  

 

*

Represents the percentage (rounded to the nearest tenth) of the total dividends per common share to the arithmetic mean of the closing prices in the trading market during the one week period ending on the day that is two trading days before the closing date of the shareholder register.


  3.

Approval of reductions to the capital reserve

 

   

In accordance with Article 461-2 of the Korean Commercial Code (Reduction of Reserve), the Company intends to transfer its capital reserve to retained earnings. This measure aims to expand the funds available for dividends, as part of the Company’s shareholder return policy.

 

   

The reduction in capital reserve will result in an increase of KRW 3.0 trillion in distributable profit, which, in accordance with relevant laws*, may be used as a source for non-taxable dividends in the future.

 

   

For individual shareholders, non-taxable dividends are not subject to withholding tax (15.4%), allowing them to receive 100% of the dividend amount. Additionally, such dividends are not subject to comprehensive taxation on financial income (up to 49.5%).

 

*

Article 18, Item 8 of the Corporate Tax Act; Article 26-3, Paragraph 6 of the Enforcement Decree of the Income Tax Act; and Article 17 of the Corporate Tax Act


  4.

Election of directors (4 independent directors)

 

Name

  

Date of

Birth

  

Term

  

Appointment

  

Career Background

  

Other

Positions

Held as

Directors,

etc.

Choon Soo

KIM

  

July

1956

   From the end of the AGM for FY2024 to the end of the AGM for FY2026   

New

Appointment

  

2019-2025

 

2023-2025

2012-2018

2009-2012

  

•  CEO, Natural Farm & Bio and Advisor, Eugene Logistics

•  CEO, Gowoon Leisure

•  CEO, Eugene Logistics

•  President of Ethics Management Office, Eugene Corporation

   — 

Young Hoon

KIM

  

January

1958

   From the end of the AGM for FY2024 to the end of the AGM for FY2026   

New

Appointment

  

2016-Current

2016-2024

2021-2024

2008-2015

2004-2007

  

•  Executive director, Kidari Studio

•  CEO, Kidari Studio

•  CEO, Lezhin Entertainment

•  CEO, Daou Technology

•  CEO, Unitel

   Executive director, Kidari Studio

Kang Haeng

LEE

  

September

1959

   From the end of the AGM for FY2024 to the end of the AGM for FY2026   

New

Appointment

  

2025-Current

2022-2024

2019-2021

2016-2018

  

•  Senior Advisor, Korea Investment Holdings

•  Vice Chairman, Korea Investment Holdings

•  President, Korea Investment Holdings

•  Executive Vice President, Korea Investment Holdings

   — 

In Sub

YOON

  

January

1956

   From the end of the AGM for FY2024 to the end of the AGM for FY2025    Re-appointment   

2022-Current

2018-2021

 

2010-2017

2008-2010

2007-2008

  

•  Independent director, Woori Financial Group

•  Chairman of the Board of Directors and Chairman, Fubon Hyundai Life Insurance

•  CEO, Korea Ratings

•  CEO, Hana HSBC Life Insurance

•  CEO, Hana Life

   Independent director, Woori America Bank

 

  5.

Election of independent director who will serve as an audit committee member (1 director)

 

Name

  

Date of

Birth

  

Term

  

Appointment

  

Career Background

Yeongseop

RHEE

  

May

1960

   From the end of the AGM for FY2024 to the end of the AGM for FY2026   

New

Appointment

  

2010-Current

 

2019-2022

2020-2021

2016-2018

  

•  Professor, Seoul National University Graduate School of International Studies

•  Independent director, Samsung Securities

•  President, Korea Money and Finance Association

•  Director, Institute of Financial Economics of Seoul National University


  6.

Election of audit committee members who are independent directors (3 directors)

 

Name

  

Date of

Birth

  

Term

  

Appointment

  

Career Background

Choon Soo

KIM

  

July

1956

   From the end of the AGM for FY2024 to the end of the AGM for FY2026   

New

Appointment

  

2019-2025

 

2023-2025

2012-2018

2009-2012

  

•  CEO, Natural Farm & Bio and Advisor, Eugene Logistics

•  CEO, Gowoon Leisure

•  CEO, Eugene Logistics

•  President of Ethics Management Office, Eugene Corporation

Young Hoon

KIM

  

January

1958

   From the end of the AGM for FY2024 to the end of the AGM for FY2026   

New

Appointment

  

2016-Current

2016-2024

2021-2024

2008-2015

2004-2007

  

•  Executive director, Kidari Studio

•  CEO, Kidari Studio

•  CEO, Lezhin Entertainment

•  CEO, Daou Technology

•  CEO, Unitel

Kang Haeng

LEE

  

September

1959

   From the end of the AGM for FY2024 to the end of the AGM for FY2026   

New

Appointment

  

2025-Current

2022-2024

2019-2021

2016-2018

  

•  Senior Advisor, Korea Investment Holdings

•  Vice Chairman, Korea Investment Holdings

•  President, Korea Investment Holdings

•  Executive Vice President, Korea Investment Holdings


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: March 26, 2025    

By: /s/ Sung-Wook Lee

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