Woori Financial Group Inc 6-K, filed Feb 29, 2024
Woori Financial Group Inc. (WF)
About this 6-K
Woori Financial Group Inc filed this 6-K on February 29, 2024.
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 February 2024
Commission File Number: 001-31811
Woori Financial Group Inc.
(Translation of registrant’s name into English)
51, Sogong-ro, Jung-gu, Seoul, 04632, Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Announcement of the Annual General Meeting of Shareholders for Fiscal Year 2023
On February 29, 2024, the Board of Directors of Woori Financial Group Inc. (“Woori Financial Group”) passed the following resolution to hold the annual general meeting of shareholders (the “AGM”) on March 22, 2024.
Key Details Relating to the Annual General Meeting of Shareholders
| • | Meeting Date and Time: March 22, 2024; 10:00 A.M. (Korea Standard Time) |
| • | Venue: Woori Bank Head Office Building, Synergy Hall, 5th floor, 51, Sogong-ro, Jung-gu, Seoul, Korea (subject to change in the case of extraordinary circumstances) |
| • | Agenda: |
1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for the fiscal year 2023 (Jan. 1, 2023 – Dec. 31, 2023)
2. Election of directors (5 Independent directors)
| - | 2-1 Candidate for Independent director : Chan-Hyoung Chung |
| - | 2-2 Candidate for Independent director : In-Sub Yoon |
| - | 2-3 Candidate for Independent director : Yo-Hwan Shin |
| - | 2-4 Candidate for Independent director : Eun-Ju Lee |
| - | 2-5 Candidate for Independent director : Sunyoung Park |
3. Election of Audit Committee Members who are Independent directors (2 directors)
| - | 3-1 Candidate for Audit Committee Member who is an Independent director : Chan-Hyoung Chung |
| - | 3-2 Candidate for Audit Committee Member who is an Independent director : Yo-Hwan Shin |
4. Approval of the Maximum Limit on Directors’ Compensation
Agenda details
| • | Appointment of Independent directors |
| Name | Date of Birth | Term of Office | Appointment | Career Background (including current position) |
Other Positions Held (Institution Name and Title) (Note1) | |||||||
| Chan-Hyoung Chung |
February 1956 |
From the end of the AGM for FY2023 to the end of the AGM for FY2024 | Re Appointment |
2019-Current
2018-Current
2015-2018
2015-2015
2007-2014 |
- Independent Director, Woori Financial Group
- Independent Director, Woori Bank
- CEO, POSCO Capital
- Vice Chairman, Korea Investment Management
- CEO and President, Korea Investment Management |
- Independent Director, Woori Bank | ||||||
| In-Sub Yoon |
January 1956 |
From the end of the AGM for FY2023 to the end of the AGM for FY2024 | 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 |
- | ||||||
| Yo-Hwan Shin |
December 1962 |
From the end of the AGM for FY2023 to the end of the AGM for FY2024 | Re Appointment |
2022-Current
2017-2020
2015-2017
2011-2015 |
- Independent Director, Woori Financial Group
- CEO, Shinyoung Securities Co., Ltd.
- General Executive Director, Shinyoung Securities Co., Ltd.
- Executive Director, Retail Business Headquarter, Shinyoung Securities Co., Ltd. |
- | ||||||
| Eun-Ju Lee |
February
1972 |
Please refer to Note 2 |
New Appointment |
2023-Current
2023-Current
2021-Current
2008-Current
2001-2007
|
- President, International Communication Association
- Board Member, Center for Social Value Enhancement Studies
- Head, Social Science Research Division on Digital Communications and Mental Health
- Professor, Dept. of Communication, Seoul National Univ.
- Professor, University of California, Davis |
- Independent Director,
SoCar Inc.(Resignation expected to be effective on Mar. 28, 2024) | ||||||
|
Sunyoung Park |
March 1982 |
Please refer to Note 3 | New Appointment |
2021-Current
2023-Current
2020-2022
2018-2020
2011-2018 |
- Member, Financial Development Review Committee, Financial Services Commission
- Associate Professor, Economics Department and Dean of Office of International Affairs, Dongguk University
- Assistant Professor, Economics Department, Dongguk University
- Research Fellow, Korea Capital Market Institute
- Assistant Professor, Dept. of Industrial and Systems Engineering, KAIST |
- Independent Director, HL Mando Corp. (Resignation expected to be effective on Mar. 26, 2024) |
Note 1) Only includes positions held as a director, executive officer, or auditor
Note 2) The term of office of the independent director candidate Eun-Ju Lee will be from the effective date of her resignation as an independent director from SoCar Inc., where she currently serves, to the end of the AGM of Woori Financial Group for FY2025. Independent director candidate Eun-Ju Lee plans to resign from her position as an independent director of SoCar Inc., where she currently serves, before the AGM of Woori Financial Group her appointment as an independent director of Woori Financial Group will be contingent upon the appointment of a new independent director to succeed her at the shareholders’ meeting of SoCar Inc. in 2024. Her term of office as an independent director of Woori Financial Group will commence upon the appointment of such new independent director of SoCar Inc., which shall mark the effectiveness of the resignation of Eun-Ju Lee, the independent director candidate, from the position of an independent director of SoCar Inc. and will terminate after the AGM of Woori Financial Group for FY2025.
Note 3) The term of office of the independent director candidate Sunyoung Park will be from the date of her resignation as an independent director from HL Mando Corp., where she currently serves, to the end of the AGM of Woori Financial Group for FY2025. Independent director candidate Sunyoung Park plans to resign from her position as an independent director of HL Mando Corp., where she currently serves, before the AGM of Woori Financial Group, and her appointment as an independent director of Woori Financial Group will be contingent upon the appointment of a new independent director to succeed her at the shareholders’ meeting of HL Mando Corp. in 2024. Her term of office as an independent director of Woori Financial Group will commence upon the appointment of such new independent director of HL Mando Corp., which shall mark the effectiveness of the resignation of Sunyoung Park, the independent director candidate, from the position of an independent director of HL Mando Corp. and will terminate after the AGM of Woori Financial Group for FY2025.
| ◾ | Appointment of Audit Committee Members who are Independent directors |
| Name | Date of Birth | Term of Office | Appointment | Career Background (including current position) |
Other Positions Held (Institution Name and Title) (Note1) | |||||||
|
Chan-Hyoung Chung |
February 1956 |
From the end of the AGM for FY2023 to the end of the AGM for FY2024 | Re Appointment |
2019-Current
2018-Current
2015-2018
2015-2015
2007-2014 |
- Independent Director, Woori Financial Group
- Independent Director, Woori Bank
- CEO, POSCO Capital
- Vice Chairman, Korea Investment Management
- CEO and President, Korea Investment Management
|
- Independent Director, Woori Bank | ||||||
|
Yo-Hwan Shin |
December 1962 |
From the end of the AGM for 2023 to the end of the AGM for FY2024 | Re Appointment |
2022-Current
2017-2020
2015-2017
2011-2015 |
- Independent Director, Woori Financial Group
- CEO, Shinyoung Securities Co., Ltd.
- General Executive Director, Shinyoung Securities Co., Ltd.
- Executive Director, Retail Business Headquarter, Shinyoung Securities Co., Ltd.
|
- |
Note 1) Only includes positions held as a director, executive officer, or auditor
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: February 29, 2024 | By: /s/ Sung-Wook Lee | |||||||
| (Signature) | ||||||||
| Name: Sung-Wook Lee | ||||||||
| Title: Deputy President | ||||||||