Woori Financial Group Inc 6-K/A, filed Jun 14, 2022
Woori Financial Group Inc. (WF)
About this 6-K/A
Woori Financial Group Inc filed this 6-K/A on June 14, 2022.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K/A
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2022
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.
EXPLANATORY NOTE
Following the Report of Foreign Private Issuer on Form 6-K furnished by Woori Financial Group Inc. (“Woori Financial Group”) to the Securities and Exchange Commission (the “SEC”) on May 2, 2022 and the amended Report of Foreign Private Issuer on Form 6-K/A furnished by Woori Financial Group to the SEC on June 9, 2022 under the title “Notice of Financial Accident,” Woori Financial Group discovered additional embezzlement (misappropriation) amounts (KRW 2,353,621 thousand) during its investigation of the financial incident. Accordingly, this amended Report of Foreign Private Issuer on Form 6-K/A is furnished to reflect such new information.
Notice of Financial Accident (as amended)
On April 28, 2022, our subsidiary Woori Bank posted the following notice, which was subsequently amended, about a financial accident on its website pursuant to Article 34-3(3) of the Banking Act, Article 20-3(5) of the Enforcement Decree of the Banking Act, Articles 18-5(2) and 31(3) of the Detailed Regulations on Supervision of Banking Business and Article 41(3) of the Regulations on Supervision of Banking Business.
| 1. Substance of Financial Accident |
Embezzlement and misappropriation | |
| 2. Amount of Financial Accident (in thousands of KRW) |
69,729,261 (Tentative) | |
| 3. Expected Amount of Loss |
Undetermined | |
| 4. Date Financial Accident Occurred |
June 4, 2012 / October 12, 2012 / August 2014 / September 25, 2015 / June 11, 2018 | |
| 5. How Financial Accident was Discovered |
- Initial incidents discovered while preparing to return deposit amounts
- Additional embezzlement (misappropriation) amounts discovered while investigating the financial accident | |
| 6. Measures Taken (or Planned) |
Reported the embezzler and took actions to seize the embezzler’s properties, among others | |
| 7. Other Information |
- | |
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: June 14, 2022 |
By: /s/ Sang-Wook Chun | |||||
| (Signature) | ||||||
| Name: Sang-Wook Chun | ||||||
| Title: President | ||||||