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6-K

Woori Financial Group Inc. (WF)

6-K 2020-04-27 For: 2020-04-27
View Original
Added on April 10, 2026

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

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Form 6-K

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REPORT OF FOREIGN PRIVATE ISSUERPURSUANT TO RULE 13a-16 OR 15d-16 UNDERTHE SECURITIES EXCHANGEACT OF 1934

For the month of April 2020

Commission File Number: 001-31811

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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.



****

Woori Financial Group’s Preliminary Financial Performance Figures

for the First Quarter of 2020

The preliminary financial performance figures for Woori Financial Group for the three-month period ended on March 31, 2020, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

Item 1Q 2020 4Q 2019 % Change<br><br><br>Increase<br> <br>(Decrease) 1Q 2019 % Change<br><br><br>Increase<br> <br>(Decrease)
Revenue* Specified Quarter 11,223,461 3,314,664 238.60 5,816,322 92.96
Cumulative Basis 11,223,461 22,734,263 5,816,322 92.96
Operating Income Specified Quarter 773,338 430,273 79.73 833,999 -7.27
Cumulative Basis 773,338 2,799,976 833,999 -7.27
Income before Specified Quarter 752,613 324,697 131.79 825,810 -8.86
Income Tax Expense Cumulative Basis 752,613 2,723,049 825,810 -8.86
Net Income Specified Quarter 557,771 231,525 140.91 614,529 -9.24
Cumulative Basis 557,771 2,037,596 614,529 -9.24
Profit to the Equity Holders of Specified Quarter 518,216 206,510 150.94 568,689 -8.88
the Parent Entity Cumulative Basis 518,216 1,872,207 568,689 -8.88

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 First Quarter of 2020

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the three-month period ended on March 31, 2020, on a consolidated basis, are as follows. (Units: millions of KRW, %)

Item 1Q 2020 4Q 2019 % Change<br><br><br>Increase<br> <br>(Decrease) 1Q 2019 % Change<br><br><br>Increase<br> <br>(Decrease)
Revenue* Specified Quarter 10,775,411 2,959,832 264.05 5,809,666 85.47
Cumulative Basis 10,775,411 21,290,018 5,809,666 85.47
Operating Income Specified Quarter 698,637 399,369 74.94 849,749 -17.78
Cumulative Basis 698,637 2,591,617 849,749 -17.78
Income before Specified Quarter 680,855 298,521 128.08 789,946 -13.81
Income Tax Expense Cumulative Basis 680,855 2,643,760 789,946 -13.81
Net Income Specified Quarter 505,656 214,851 135.35 578,159 -12.54
Cumulative Basis 505,656 1,527,065 578,159 -12.54
Profit to the Equity Holders of Specified Quarter 503,570 213,084 136.32 570,761 -11.77
the Parent Entity Cumulative Basis 503,570 1,505,547 570,761 -11.77

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: April 27, 2020 By: /s/ Kyong-Hoon Park
(Signature)
Name: Kyong-Hoon Park
Title: Deputy President