Woori Financial Group Inc 6-K, filed Mar 4, 2022
Woori Financial Group Inc. (WF)
About this 6-K
Woori Financial Group Inc filed this 6-K on March 4, 2022.
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 March 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.
Announcement of the Annual General Meeting of Shareholders for Fiscal Year 2021
On March 4, 2022, the Board of Directors of Woori Financial Group passed the following resolution to hold the annual general meeting of shareholders (the “AGM”) on March 25, 2022.
Key Details Relating to the Annual General Meeting of Shareholders
| • | Meeting Date and Time: March 25, 2022; 10:00 a.m. (local 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 financial statements for the fiscal year 2021
2. Approval of amendments to the Articles of Incorporation
3. Appointment of directors (4 outside directors, 1 non-standing director)
| • | 3-1 Candidate for outside director : Soo-Young Song |
| • | 3-2 Candidate for outside director : Sung-Tae Ro |
| • | 3-3 Candidate for outside director : Sang-Yong Park |
| • | 3-4 Candidate for outside director : Dong-Woo Chang |
| • | 3-5 Candidate for non-standing director : Won-Duk Lee |
4. 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 |
5. Appointment of Audit Committee Members who are outside directors
| • | 5-1 Candidate for Audit Committee Member who is an outside director : Sung-Tae Ro |
| • | 5-2 Candidate for Audit Committee Member who is an outside director : Dong-Woo Chang |
6. Approval of the maximum limit on directors’ compensation
Agenda details
| • | Appointment of outside directors |
|
Name |
Date of |
Term |
Appointment |
Career Background | Other Positions Held (Institution Name and Title) Note 1) | |||||||
|
Soo-Young Song |
October 1980 |
From the end of the AGM for FY2021 to the end of the AGM for FY2023 |
New Appointment |
2021-Current –
2019-Current –
2017-Current – |
Steering Committee member, Steering Committee of ESG Support Project for Corporate Partnership, Korea Commission for Corporate Partnership Advisory attorney, Center for Creative Economy and Innovation, Ministry of Justice Partner, Shin & Kim LLC |
- Partner, Shin & Kim LLC | ||||||
|
Sung-Tae Ro |
September 1946 |
From the end of the AGM for FY2021 to the end of the AGM for FY2022 |
Re Appointment |
2019-Current –
2018-Current –
2017-Current – |
Outside Director, Woori Financial Group (Chairman of the Board of Directors & the Board ESG Management Committee) Chairperson, Samsung Dream Scholarship Foundation Outside Director, Woori Bank (Chairman of the Board Risk Management Committee) |
- Outside Director, Woori Bank - Chairperson, Samsung Dream Scholarship Foundation | ||||||
|
Sang-Yong Park |
February 1951 |
From the end of the AGM for FY2021 to the end of the AGM for FY2022 |
Re Appointment |
2019-Current –
2018-Current –
2017-Current – |
Outside Director, Woori Financial Group (Chairman of the Board Risk Management Committee & the Committee for Internal Control Management) Auditor, Educational Foundation of Yonsei University Outside Director, Woori Bank (Chairman of the Board of Directors) |
- Outside Director, Woori Bank -Auditor, Educational Foundation of Yonsei University - Director, Seoul Financial Forum | ||||||
|
Dong-Woo Chang |
January 1967 |
From the end of the AGM for FY2021 to the end of the AGM for FY2022 |
Re Appointment |
2019-Currrent –
2017-2018 –
2003-Current – |
Outside Director, Woori Financial Group (Chairman of the Committee for Recommending Executive Officer Candidates) Outside Director, Woori Bank (Chairman of the Officer Candidate Recommendation Committee) CEO, IMM Investment Corp. |
- CEO, IMM Investment Corp. | ||||||
| Note 1) | Only includes positions held as a director, executive officer, or auditor |
| • | Appointment of a non-standing director |
|
Name |
Date of |
Term |
Appointment |
Career Background | ||||||
|
Won-Duk Lee |
January 1962 |
From the end of the AGM for FY2021 to Dec. 31, 2023 |
New Appointment Note 1) |
2021-Current – 2020-2021 – 2018-2020 –
2017-2018 –
2017-2017 – 2014-2017 – |
Senior Deputy President, Woori Financial Group Deputy President, Strategy Planning Unit, Woori Financial Group Executive Vice President, Management and Finance Planning Group, Woori Bank Managing Director, Management and Finance Planning Group, Woori Bank Managing Director, Future Strategy Division, Woori Bank Senior General Manager, Future Strategy Department, Woori Bank | |||||
| Note 1) | Non-standing director candidate Won-Duk Lee was appointed as a standing director in the AGM for FY2019, but is being newly recommended as a non-standing director as he was internally determined in Feb. 2022 to become the next President and CEO of Woori Bank. |
| • | Appointment of outside director who will serve as Audit Committee Member |
|
Name |
Date of |
Term |
Appointment |
Career Background | Other Positions Held (Institution Name and Title) Note 1) | |||||||
|
Chan-Hyoung Chung |
February 1956 |
From the end of the AGM for FY2021 to the end of the AGM for FY2022 |
Re Appointment |
2019-Current –
2018-Current –
2018-2019 – 2015-2018 – |
Outside Director, Woori Financial Group (Chairman of the Audit Committee & the Compensation Committee) Outside Director, Woori Bank (Chairman of the Audit Committee) Advisor, POSCO Capital CEO, POSCO Capital |
- Outside Director, Woori Bank | ||||||
| Note 1) | Only includes positions held as a director, executive officer, or auditor |
| • | Appointment of Audit Committee Members who are outside directors |
|
Name |
Date of |
Term |
Appointment |
Career Background | Other Positions Held (Institution Name and Title) Note 1) | |||||||
|
Sung-Tae Ro |
September 1946 |
From the end of the AGM for FY2021 to the end of the AGM for FY2022 |
Re Appointment |
2019-Current –
2018-Current –
2017-Current – |
Outside Director, Woori Financial Group (Chairman of the Board of Directors & the Board ESG Management Committee) Chairperson, Samsung Dream Scholarship Foundation Outside Director, Woori Bank (Chairman of the Board Risk Management Committee) |
- Outside Director, Woori Bank - Chairperson, Samsung Dream Scholarship Foundation | ||||||
|
Dong-Woo Chang |
January 1967 |
From the end of the AGM for FY2021 to the end of the AGM for FY2022 |
Re Appointment |
2019-Current –
2017-2018 –
2003-Current – |
Outside Director, Woori Financial Group (Chairman of the Committee for Recommending Executive Officer Candidates) Outside Director, Woori Bank (Chairman of the Officer Candidate Recommendation Committee) CEO, IMM Investment Corp. |
- CEO, IMM Investment Corp. | ||||||
| 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: March 4, 2022 | By: /s/ Sang-Wook Chun | |||||
| (Signature) | ||||||
| Name: Sang-Wook Chun | ||||||
| Title: President | ||||||