Skip to main content

6-K

Woori Financial Group Inc. (WF)

6-K 2020-10-26 For: 2020-10-26
View Original
Added on April 10, 2026

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 October 2020

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  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Woori Financial Group’s Preliminary Financial Performance Figures

for the Third Quarter of 2020

The preliminary financial performance figures for Woori Financial Group for the nine-month period ended on September 30, 2020, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

Item 3Q 2020 2Q 2020 % Change<br>Increase<br>(Decrease) 3Q 2019 % Change<br>Increase<br>(Decrease)
Revenue* Specified Quarter 4,278,735 3,464,225 23.51 7,307,816 -41.45
Cumulative Basis 18,966,421 14,687,686 19,419,599 -2.33
Operating Income Specified Quarter 674,906 399,260 69.04 659,291 2.37
Cumulative Basis 1,847,504 1,172,598 2,369,703 -22.04
Income before Specified Quarter 675,586 281,236 140.22 670,270 0.79
Income Tax Expense Cumulative Basis 1,709,435 1,033,849 2,398,352 -28.72
Net Income Specified Quarter 521,321 216,262 141.06 534,108 -2.39
Cumulative Basis 1,295,354 774,033 1,806,071 -28.28
Profit to the Equity Holders of the Parent Entity Specified Quarter 479,806 142,348 237.07 486,009 -1.28
Cumulative Basis 1,140,370 660,564 1,665,697 -31.54

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

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

Woori Bank’s Preliminary Financial Performance Figures

for the Third Quarter of 2020

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the nine-month period ended on September 30, 2020, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

Item 3Q 2020 2Q 2020 % Change<br>Increase<br>(Decrease) 3Q 2019 % Change<br>Increase<br>(Decrease)
Revenue* Specified Quarter 3,924,278 3,060,626 28.22 6,927,598 -43.35
Cumulative Basis 17,760,315 13,836,037 18,330,186 -3.11
Operating Income Specified Quarter 621,882 338,993 83.45 594,947 4.53
Cumulative Basis 1,659,512 1,037,630 2,192,247 -24.30
Income before Specified Quarter 625,610 223,061 180.47 797,432 -21.55
Income Tax Expense Cumulative Basis 1,529,526 903,916 2,345,239 -34.78
Net Income Specified Quarter 483,719 176,417 174.19 65,827 634.83
Cumulative Basis 1,165,792 682,073 1,312,214 -11.16
Profit to the Equity Holders of the Parent Entity Specified Quarter 480,705 174,367 175.69 60,059 700.39
Cumulative Basis 1,158,642 677,937 1,292,462 -10.35

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

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

SIGNATURES

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

Woori Financial Group Inc.
(Registrant)
Date: October 26, 2020 By: /s/ Kyong-Hoon Park
(Signature)
Name: Kyong-Hoon Park
Title: Deputy President