Woori Financial Group Inc 6-K, filed Oct 25, 2024
Woori Financial Group Inc. (WF)
About this 6-K
Woori Financial Group Inc filed this 6-K on October 25, 2024.
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 October 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 ☐
Woori Financial Group’s Preliminary Financial Performance Figures
for the Third Quarter of 2024
The preliminary financial performance figures for Woori Financial Group for the nine-month period ended September 30, 2024, on a consolidated basis, are as follows.
(Units: millions of KRW, %)
| Item |
3Q 2024 | 2Q 2024 | % Change Increase (Decrease) |
3Q 2023 | % Change Increase (Decrease) |
|||||||||||||||||
| Revenue* | Specified Quarter | 7,440,508 | 10,886,417 | (31.65 | ) | 9,887,923 | (24.75 | ) | ||||||||||||||
| Cumulative Basis | 31,178,220 | 23,737,712 | — | 33,284,734 | (6.33 | ) | ||||||||||||||||
| Operating Income | Specified Quarter | 1,176,014 | 1,253,320 | (6.17 | ) | 1,218,246 | (3.47 | ) | ||||||||||||||
| Cumulative Basis | 3,580,023 | 2,404,009 | — | 3,365,684 | 6.37 | |||||||||||||||||
| Income before | Specified Quarter | 1,199,703 | 1,246,902 | (3.79 | ) | 1,246,779 | (3.78 | ) | ||||||||||||||
| Income Tax Expense | Cumulative Basis | 3,590,562 | 2,390,859 | — | 3,395,312 | 5.75 | ||||||||||||||||
| Net Income | Specified Quarter | 916,187 | 961,509 | (4.71 | ) | 918,116 | (0.21 | ) | ||||||||||||||
| Cumulative Basis | 2,716,607 | 1,800,420 | — | 2,531,928 | 7.29 | |||||||||||||||||
| Profit to the Equity Holders of the Parent Entity | Specified Quarter | 903,580 | 931,495 | (3.00 | ) | 899,306 | 0.48 | |||||||||||||||
| Cumulative Basis | 2,659,076 | 1,755,496 | — | 2,438,182 | 9.06 | |||||||||||||||||
The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are 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 other operating income (excluding non-operating income). |
Woori Bank’s Preliminary Financial Performance Figures
for the Third Quarter of 2024
The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the nine-month period ended September 30, 2024, on a consolidated basis, are as follows.
(Units: millions of KRW, %)
| Item |
3Q 2024 | 2Q 2024 | % Change Increase (Decrease) |
3Q 2023 | % Change Increase (Decrease) |
|||||||||||||||||
| Revenue* | Specified Quarter | 6,308,353 | 9,647,464 | (34.61 | ) | 8,815,613 | (28.44 | ) | ||||||||||||||
| Cumulative Basis | 27,675,438 | 21,367,085 | — | 30,066,989 | (7.95 | ) | ||||||||||||||||
| Operating Income | Specified Quarter | 1,091,364 | 1,157,726 | (5.73 | ) | 1,086,742 | 0.43 | |||||||||||||||
| Cumulative Basis | 3,325,934 | 2,234,570 | — | 3,043,487 | 9.28 | |||||||||||||||||
| Income before | Specified Quarter | 1,104,219 | 1,143,132 | (3.40 | ) | 1,112,305 | (0.73 | ) | ||||||||||||||
| Income Tax Expense | Cumulative Basis | 3,314,958 | 2,210,739 | — | 3,063,454 | 8.21 | ||||||||||||||||
| Net Income | Specified Quarter | 851,826 | 886,828 | (3.95 | ) | 820,111 | 3.87 | |||||||||||||||
| Cumulative Basis | 2,530,643 | 1,678,817 | — | 2,298,012 | 10.12 | |||||||||||||||||
| Profit to the Equity Holders of the Parent Entity | Specified Quarter | 850,850 | 884,040 | (3.75 | ) | 817,801 | 4.04 | |||||||||||||||
| Cumulative Basis | 2,524,362 | 1,673,512 | — | 2,289,774 | 10.25 | |||||||||||||||||
The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are 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 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 25, 2024 | By: | /s/ Sung-Wook Lee | ||||
| (Signature) | ||||||
| Name: Sung-Wook Lee | ||||||
| Title: Deputy President | ||||||