6-K
Woori Financial Group Inc. (WF)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OFFOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2021
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.
Results of the Annual General Meeting of Shareholders
of Woori Financial Group Inc. for Fiscal Year 2020
The annual general meeting of shareholders of Woori Financial Group was held on March 26, 2021 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 financial statements for the fiscal year 2020 |
| --- | --- |
| 2. | Approval of amendments to the Articles of Incorporation |
| --- | --- |
| 3. | Approval of reduction of Capital Reserve |
| --- | --- |
| 4. | Appointment of directors (1 standing director, 4 outside directors) |
| --- | --- |
| • | 4-1 Candidate for standing director : Won-Duk Lee |
| --- | --- |
| • | 4-2 Candidate for outside director :<br>Sung-Tae Ro |
| --- | --- |
| • | 4-3 Candidate for outside director : Sang-Yong Park<br> |
| --- | --- |
| • | 4-4 Candidate for outside director : Zhiping Tian |
| --- | --- |
| • | 4-5 Candidate for outside director :<br>Dong-Woo Chang |
| --- | --- |
| 5. | Appointment of outside director who will serve as an Audit Committee Member |
| --- | --- |
| • | Candidate for outside director who will serve as an Audit Committee Member : |
| --- | --- |
Chan-Hyoung Chung
| 6. | Appointment of Audit Committee Members who are outside directors |
|---|---|
| • | 6-1 Candidate for Audit Committee Member who is an outside director : Sung-Tae Ro |
| --- | --- |
| • | 6-2 Candidate for Audit Committee Member who is an outside director : Dong-Woo Chang |
| --- | --- |
| 7. | Approval of the maximum limit on directors’ compensation |
| --- | --- |
| • | Agenda details |
| --- | --- |
| • | Approval of financial statements of Woori Financial Group for fiscal year 2020 |
| --- | --- |
(units: in millions of KRW, unless indicated otherwise)
< Consolidated – Independent Auditor’s Opinion : Unqualified>
| Total Assets | 399,081,017 | Revenue* | 28,654,972 |
|---|---|---|---|
| Total Liabilities | 372,355,172 | Operating Income | 2,080,394 |
| Capital Stock | 3,611,338 | Net Income | 1,515,249 |
| Total Shareholder’s Equity | 26,725,845 | Earnings Per Share (in KRW) | 1,742 |
< Separate – Independent Auditor’s Opinion : Unqualified>
| Total Assets | 22,429,983 | Revenue* | 692,644 |
|---|---|---|---|
| Total Liabilities | 1,386,011 | Operating Income | 594,752 |
| Capital Stock | 3,611,338 | Net Income | 595,318 |
| Total Shareholder’s Equity | 21,043,972 | Earnings Per Share (in KRW) | 757 |
| * | 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) | ||
| --- | --- | ||
| • | Cash dividends for fiscal year 2020 | ||
| --- | --- |
(units: in KRW)
| Total dividends per common share | 360<br> <br>(3.6% of market price of common stock | ) | ||||
|---|---|---|---|---|---|---|
| Dividend per class share | — | |||||
| Total dividend amount | 260,016,365,160 | |||||
| • | Agenda details | |||||
| --- | --- | |||||
| • | Appointment of standing director | |||||
| --- | --- | |||||
| Name | Date of Birth | Term | Appointment | Career Background | ||
| --- | --- | --- | --- | --- | --- | |
| Won-Duk<br><br><br>Lee | January<br><br><br>1962 | From the time of appointment at the AGM for FY2020 to the end of the AGM for FY2021 | Re<br><br><br>Appointment | 2021-Current | - Senior Deputy President, Woori Financial Group | |
| 2020-2021 | - Deputy President, Strategy Planning Unit, Woori Financial Group | |||||
| 2018-2020 | - Executive Vice President, Management and Finance Planning Group, Woori<br>Bank | |||||
| 2017-2018 | - Managing Director, Management and Finance Planning Group, Woori Bank | |||||
| 2017-2017 | - Managing Director, Future Strategy Division, Woori Bank | |||||
| 2014-2017 | - Senior General Manager, Future Strategy Department, Woori Bank | |||||
| • | Appointment of outside directors | |||||
| --- | --- | |||||
| Name | Date of Birth | Term | Appointment | Career Background | Other Positions Held(Institution Name andTitle) | |
| --- | --- | --- | --- | --- | --- | --- |
| Sung-Tae Ro | September<br><br><br>1946 | From the time of appointment at the AGM for FY2020 to the end of the AGM for FY2021 | Re<br><br><br>Appointment | 2019-Current | - Outside Director, Woori Financial Group (Chairman of Board of Directors) | - Outside Director, Woori Bank<br><br><br>- Chairperson, Samsung Dream Scholarship Foundation |
| 2018-Current | - Chairperson, Samsung Dream Scholarship Foundation | |||||
| 2017-Current | - Outside Director, Woori Bank (Chairman of Risk Management Committee) | |||||
| Sang-Yong Park | February<br><br><br>1951 | From the time of appointment at the AGM for FY2020 to the end of the AGM for FY2021 | Re<br><br><br>Appointment | 2019-Current | - Outside Director, Woori Financial Group (Chairman of Risk Management<br>Committee) | - Outside Director, Woori Bank<br><br><br>- Auditor, Educational Foundation of Yonsei University<br><br><br>- Director, Seoul Financial Forum |
| 2018-Current | - Auditor, Educational Foundation of Yonsei University | |||||
| 2017-Current | - Outside Director, Woori Bank (Chairman of Board of Directors) | |||||
| Zhiping Tian | February<br><br><br>1966 | From the time of appointment at the AGM for FY2020 to the end of the AGM for FY2021 | Re<br><br><br>Appointment | 2019-Current | - Outside Director, Woori Financial Group | - Vice President, Beijing FUPU DAOHE Investment Management<br>Ltd. |
| 2017-2018 | - Outside Director, Woori Bank | |||||
| 2016-Current | - Vice President, Beijing FUPU DAOHE Investment Management Ltd. | |||||
| Dong-Woo Chang | January<br><br><br>1967 | From the time of appointment at the AGM for FY2020 to the end of the AGM for FY2021 | Re<br><br><br>Appointment | 2019-Current | - Outside Director, Woori Financial Group (Chairman of Officer Candidate<br>Recommendation Committee) | - CEO, IMM Investment Corp. |
| 2017-2018 | - Outside Director, Woori Bank (Chairman of Officer Candidate Recommendation<br>Committee) | |||||
| 2003-Current | - CEO, IMM Investment Corp. | |||||
| • | Appointment of outside director who will serve as an Audit Committee Member | |||||
| --- | --- | |||||
| Name | Date of<br><br><br>Birth | Term | Appointment | Career Background | Other Positions Held(Institution Name andTitle) | |
| --- | --- | --- | --- | --- | --- | --- |
| Chan-Hyoung Chung | February<br>1956 | From the time of appointment at the AGM for FY2020 to the end of the AGM for FY2021 | Re<br><br><br>Appointment | 2019-Current | - Outside Director, Woori Financial Group (Chairman of Audit Committee &<br>Compensation Committee) | - Outside Director, Woori Bank |
| 2018-Current | - Outside Director, Woori Bank (Chairman of Audit Committee) | |||||
| 2018-2019 | - Advisor, POSCO Capital | |||||
| 2015-2018 | - CEO, POSCO Capital | |||||
| • | Appointment of Audit Committee Members who are outside directors | |||||
| --- | --- | |||||
| Name | Date of Birth | Term | Appointment | Career Background | Other Positions Held(Institution Name andTitle) | |
| --- | --- | --- | --- | --- | --- | --- |
| Sung-Tae Ro | September 1946 | From the time of appointment at the AGM for FY2020 to the end of the AGM for FY2021 | Re<br><br><br>Appointment | 2019-Current | - Outside Director, Woori Financial Group (Chairman of Board of Directors) | - Outside Director, Woori Bank<br><br><br>- Chairperson, Samsung Dream Scholarship Foundation |
| 2018-Current | - Chairperson, Samsung Dream Scholarship Foundation | |||||
| 2017-Current | - Outside Director, Woori Bank (Chairman of Risk Management Committee) | |||||
| Dong- Woo Chang | January<br>1967 | From the time of appointment at the AGM for FY2020 to the end of the AGM for FY2021 | Re<br><br><br>Appointment | 2019-Current | - Outside Director, Woori Financial Group (Chairman of Officer Candidate<br>Recommendation Committee) | - CEO, IMM Investment Corp. |
| 2017-2018 | - Outside Director, Woori Bank (Chairman of Officer Candidate Recommendation<br>Committee) | |||||
| 2003-Current | - CEO, IMM Investment Corp. |
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, 2021 | By: /s/ Sung-Wook Lee | |
| (Signature) | ||
| Name: | Sung-Wook Lee | |
| Title: | Senior Managing Director |