6-K

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 May 2026

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 ☐

Index

1.	Summary of 2026 First Quarter Business Report
2.	Exhibit 99.1 Woori Financial Group Review Report for 2026 1Q (Consolidated)
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3.	Exhibit 99.2 Woori Financial Group Review Report for 2026 1Q (Separate)
---	---

Summary of 2026 First Quarter Business Report

Table of Contents

I.    INTRODUCTION OF THE COMPANY	5
II.  BUSINESS OVERVIEW	5
1.   Results of Operations	5
2.   Funding Sources and Uses of Funds	5
3.   Other Information Necessary for Making Investment Decisions	6
III.  FINANCIAL INFORMATION	11
1.   Condensed Financial Statements<br>(Consolidated)	11
2.   Condensed Financial Statements<br>(Separate)	13
3.   Dividend Information	15
IV.  INDEPENDENT AUDITOR’S OPINION	16
1.   Independent Auditor’s Opinion	16
2.   Compensation to the Independent Auditor	16
V.  CORPORATE GOVERNANCE	17
VI.  SHAREHOLDER INFORMATION	18
1.   Share Distribution	18
2.   Stock Price and Stock Market<br>Performance	19
VII.   DIRECTORS AND EMPLOYEE INFORMATION	19
1.   Directors and Executives	19
2.   Employee Status	20
3.   Directors’ Compensation	20
VIII. INTERNAL CONTROLS	20

Except where indicated otherwise, financial information contained in this document (including the attached financial statements) has been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“Korean IFRS”), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “Woori Financial Group,” “we,” “us” or the “Company” are to Woori Financial Group Inc. and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.

4

I.	Introduction of the Company

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

II.	Business Overview
1.	Results of Operations
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(units: billions of Won)

Type	2026 1Q		2025		2024
Operating income		808		3,675		4,255
Non-operating income (expense)		40		415		(32	)
Income before income tax		848		4,090		4,223
Income tax expense (-)		209		863		1,051
Net income		639		3,228		3,171
Controlling Interest		604		3,124		3,086
Non-controlling Interest		35		103		85
Note 1)	Based on K-IFRS consolidated financial statements.
---	---
2.	Funding Sources and Uses of Funds
---	---
a.	Sources of Funds
---	---
For the periods indicated other than as noted below															(units: millions of Won, %)
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
Classification	FundingSource	2026 1Q						2025						2024
		AverageBalance		InterestRate		Proportion		AverageBalance		Interest<br>Rate		Proportion		AverageBalance		Interest<br>Rate		Proportion
Source	Deposits		359,250,350		2.19		60.75		358,153,346		2.39		65.89		351,584,810		2.88		69.89
	Borrowings		27,001,356		3.05		4.57		26,198,268		3.32		4.82		28,000,803		4.09		5.57
	Debentures		54,507,182		3.45		9.22		50,418,543		3.62		9.28		43,989,333		4.00		8.74
	Others		111,673,423		—		18.88		72,335,906		—		13.31		44,591,752		—		8.86
	Total<br>Liabilities		552,432,311		—		93.42		507,106,063		—		93.30		468,166,698		—		93.06
Total Equity			38,882,778		—		6.58		36,428,909		—		6.70		34,913,425		—		6.94
Total Liabilities & Equity			591,315,089		—		100.00		543,534,972		—		100.00		503,080,123		—		100.00
Note 1)	Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each<br>quarter.
---	---
Note 2)	Based on K-IFRS consolidated financial statements.<br>
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5

b.	Use of Funds
For the periods indicated other than as noted below															(units: millions of Won, %)
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
Type	Managed Item	2026 1Q						2025						2024
		Average<br>Balance		Interest<br>Rate		Proportion		AverageBalance		InterestRate		Proportion		AverageBalance		InterestRate		Proportion
Use	Cash & Due from Banks		23,109,030		2.32		3.91		19,225,891		2.97		3.54		18,441,851		3.38		3.67
	Marketable securities		130,540,206		3.01		22.08		97,528,721		3.34		17.94		76,997,821		3.53		15.31
	Loans		380,148,329		4.28		64.29		369,558,184		4.44		67.99		360,802,414		4.93		71.72
	Loans in local currency		325,206,419		4.02		55.00		318,053,470		4.16		58.52		309,771,603		4.65		61.58
	Loans in foreign currency		36,795,277		5.48		6.22		35,209,643		5.88		6.48		34,224,957		6.58		6.80
	Guarantee payments		21,968		0.39		0.00		11,092		1.44		0.00		11,571		1.96		0.00
	Credit card receivables		13,904,647		7.22		2.35		12,664,469		7.71		2.33		12,224,048		7.33		2.43
	Foreign bills bought		4,220,018		3.85		0.72		3,619,510		4.36		0.66		4,570,235		5.58		0.91
	Bad debt expense in local currency (-)		3,341,839		—		0.57		3,423,791		—		0.63		3,198,795		—		0.65
	Others		60,859,363		—		10.29		60,645,967		—		11.16		50,036,832		—		9.95
Total Assets			591,315,089		—		100.00		543,534,972		—		100.00		503,080,123		—		100.00
Note 1)	Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each<br>quarter.
---	---
Note 2)	Based on K-IFRS consolidated financial statements.<br>
---	---
3.	Other Information Necessary for Making Investment Decisions
---	---
a.	Capital Adequacy Ratios
---	---
Group BIS Capital Adequacy Ratios
---
As of the end of the period indicated	(units: billions of Won, %)
---	---
Type	2026 1Q		2025		2024
---	---	---	---	---	---	---
Equity capital (A)		40,082		37,800		36,928
Risk weighted assets (B)		241,059		234,542		235,100
BIS(Capital adequacy) ratio (A/B)		16.63		16.12		15.71
Note 1)	BIS (Bank for International Settlements) Capital Adequacy Ratio = Equity capital / Risk weighted assets * 100<br>
---	---
Note 2)	Based on K-IFRS consolidated financial statements and Basel III<br>standards.
---	---
Note 3)	2026 1Q figures are preliminary and are subject to change.
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6

Capital Adequacy Ratios for Significant Subsidiaries and Consolidated Companies

As of the end of the periods indicated	(units: hundreds of millions of Won, %)
Name of Company	Type		2026 1Q		2025		2024
---	---	---	---	---	---	---	---	---
Woori Bank Note 2)	BIS capital adequacy ratio Note 1)	Equity capital (A)		332,849		312,905		304,302
		Risk weighted assets (B)		1,907,756		1,861,435		1,920,087
		Capital adequacy ratio (A/B)		17.45		16.81		15.85
Tongyang Life Insurance Note 3)	Available capital			43,036		40,595		38,753
	Required capital			23,168		22,573		24,918
	K-ICS ratio Note 4)			185.8		179.8		155.5
Woori Card Note 5)	Adjusted capital ratio			17.54		17.26		17.70
	Tangible common equity ratio			12.21		12.06		12.37
Woori Financial Capital Note 5)	Adjusted capital ratio			15.37		15.77		15.09
	Tangible common equity ratio			12.92		13.18		11.83
Woori Investment Securities Note 6)	Net capital ratio			754.18		905.56		2,098.64
	Debt-to-asset ratio			113.31		114.53		119.41
ABL Life Insurance Note 3)	Available capital			21,222		20,049		16,701
	Required capital			12,619		11,782		10,868
	K-ICS ratio Note 4)			168.17		170.17		153.68
Woori Asset Trust Note 7)	Operating capital ratio			4,357.83		4,610.35		4,057.29
Woori Savings Bank Note 8)	BIS capital adequacy ratio Note 1)			16.54		16.74		16.37
Woori Asset Management Note 5)	Minimum operating capital ratio			649.50		721.18		739.31
Woori Venture Partners Note 9)	Tangible common equity ratio			91.19		92.63		95.70
Woori Private Equity Asset Management Note 5)	Minimum operating capital ratio			7,673.21		8,128.94		8,161.97
Note 1)	BIS (Bank for International Settlements) capital adequacy ratio : Equity capital / Risk weighted assets * 100<br>
---	---
Note 2)	Figures for Woori Bank are based on K-IFRS consolidated financial<br>statements and Basel III standards. 2026 1Q figures are preliminary and are subject to change.
---	---
Note 3)	2026 1Q figures are preliminary, and the final figures will be disclosed through Tongyang Life Insurance and<br>ABL Life Insurance’s 2026 1Q quarterly reports, respectively.
---	---
Note 4)	K-ICS ratio : Available capital / Required capital * 100.<br>
---	---
Note 5)	Figures for Woori Card, Woori Financial Capital, Woori Asset Management and Woori Private Equity Asset<br>Management are based on the applicable standards for business reports submitted to the Financial Supervisory Service and their respective K-IFRS separate financial statements.
---	---
Note 6)	Figures for Woori Investment Securities are calculated as follows:
---	---
-	Net capital ratio: (net operating capital – total risk amount) / required maintenance capital * 100 //<br>based on the applicable standards for business reports submitted to the Financial Supervisory Service.
---	---
-	Debt-to-asset ratio: (actual<br>assets) / (actual liability) * 100 // based on K-IFRS separate financial statements.
---	---
Note 7)	Woori Asset Trust’s operating capital ratio = (net operating capital – subordinated debt, etc.) /<br>(total risk amount) * 100 // based on K-IFRS separate financial statements.
---	---
Note 8)	Figures for Woori Savings Bank are based on K-GAAP.<br>
---	---
Note 9)	Figures for Woori Venture Partners are based on K-IFRS consolidated<br>financial statements.
---	---

7

b.	Liquidity Ratios

Won Liquidity Ratios

As of the end of the periods indicated														(units: millions of Won, %)
	2026 1Q						2025						2024
Type	Won<br>Liquidity<br>Assets		Won<br>Liquidity<br>Liabilities		Won<br>Liquidity<br>Ratio		Won<br>Liquidity<br>Assets		Won<br>Liquidity<br>Liabilities		Won<br>Liquidity<br>Ratio		Won<br>Liquidity<br>Assets		Won<br>Liquidity<br>Liabilities		Won<br>Liquidity<br>Ratio
Woori Financial Group Note 1)		1,841,627		885,962		207.9		34,847		15,292		227.9		353,835		10,905		3,244.7
Woori Card Note 2)		9,003,225		3,007,742		299.3		9,660,954		2,808,447		344.0		8,722,587		2,785,182		313.2
Woori Financial Capital Note 2)		1,793,408		1,077,003		166.5		1,444,834		1,162,263		124.3		1,850,758		1,317,695		140.5
Woori Investment Securities Note 3)		6,881,147		5,399,081		127.5		6,515,056		4,938,840		131.9		4,982,461		2,660,153		187.3
Woori Asset Trust Note 3)		157,685		11,015		1,431.6		153,241		10,214		1,500.3		258,758		9,311		2,779.2
Woori Savings Bank Note 3), Note 4)		443,613		376,063		118.0		410,196		351,853		116.6		344,437		216,143		159.4
Woori Venture Partners **** Note 2)		156,051		10,433		1,495.8		141,886		10,166		1,395.7		136,198		6,877		1,980.4
Woori Private Equity Asset Management Note 3)		19,919		4,743		420.0		20,452		3,354		609.8		16,011		2,912		549.8
Note 1)	Based on current assets and liabilities within one month of maturity.
---	---
Note 2)	Based on current assets and liabilities within 90 days of maturity.
---	---
Note 3)	Based on current assets and liabilities within three months of maturity.
---	---
Note 4)	Based on K-GAAP.
---	---

Insurance Liquidity Ratios

As of the end of the periods indicated														(units: millions of Won, %)
Type	2026 1Q						2025						2024
	Liquidity<br>Assets		Average<br>Insurance<br>Benefits<br>Paid		Liquidity<br>Ratio		Liquidity<br>Assets		Average<br>Insurance<br>Benefits<br>Paid		Liquidity<br>Ratio		Liquidity<br>Assets		Average<br>Insurance<br>Benefits<br>Paid		Liquidity<br>Ratio
Tongyang Life Insurance Note 1)		4,273,036		953,639		448.1		3,742,951		842,985		444.0		4,157,512		915,959		453.9
ABL Life Insurance Note 1)		2,166,947		423,150		512.1		2,386,630		423,952		562.9		2,816,208		466,405		603.8
Note 1)	Based on the applicable standards for business reports submitted to the Financial Supervisory Service (within<br>three months of maturity).
---	---

8

Foreign Currency (FC) Liquidity Ratios

As of the end of the periods indicated														(units: millions of Won, %)
Type	2026 1Q						2025						2024
	FC<br>Liquidity<br>Assets		FC<br>Liquidity<br>Liabilities		FC<br>Liquidity<br>Ratio		FC<br>Liquidity<br>Assets		FC<br>Liquidity<br>Liabilities		FC<br>Liquidity<br>Ratio		FC<br>Liquidity<br>Assets		FC<br>Liquidity<br>Liabilities		FC<br>Liquidity<br>Ratio
Woori Investment Securities Note 1)		20,211		4,516		447.5		11,862		3,566		332.7		2,581		2,146		120.2
Note 1)	Based on current assets and liabilities within three months of maturity.
---	---

Liquidity Coverage Ratios (LCR)

(units: %)

Name ofCompany	Type	2026 1Q			2025		2024
Woori Bank	Liquidity coverage ratio Note 1)		110.18			107.64		104.79
	Foreign currency liquidity coverage ratio Note 2)		186.54			160.56		184.29
	Ratio of business purpose premises and equipment		15.25 Note 4	)		9.42		9.95
Note 1)	LCR: Average of daily ratios during a quarter (same as the calculation method used for business disclosure)<br>
---	---
-	The applicable LCR requirements were 100% as of March 31, 2026 and December 31, 2025, and 97.5% as of<br>December 31, 2024, respectively.
---	---
Note 2)	Foreign currency LCR: ratio calculated based on averages of the amount of each category (same as the<br>calculation method used for business disclosure)
---	---
-	The applicable foreign currency LCR requirement was 80% for all periods after 2022.
---	---
Note 3)	The applicable periods for LCR and foreign currency LCR are: 1Q 2026, 4Q 2025 and 4Q 2024.<br>
---	---
Note 4)	Ratio calculated after reflecting the results of our asset revaluation.
---	---
c.	Profitability Ratios **** Note1), Note2)
---	---
										(units: %)
---	---	---	---	---	---	---	---	---	---	---	---	---
Type	2026 1Q				2025				2024
	ROA		ROE		ROA		ROE		ROA		ROE
Woori Financial Group
Including non-controlling interests		0.42		6.91		0.58		9.31		0.61		9.60
Excluding non-controlling interests		0.40		6.53		0.56		9.01		0.60		9.34
Note 1)	Total assets and total equity : simple average of the starting balance for the fiscal year and the ending<br>balance of each quarter.
---	---
Note 2)	On an annualized basis, based on the applicable standards for business reports submitted to the Financial<br>Supervisory Service.
---	---

9

d.	Asset Quality

Group Asset Quality

(units: billions of Won, %)

Type	2026 1Q		2025		2024
Total loans		405,358		399,970		390,066
Substandard and below loans		2,757		2,517		2,211
Substandard and below loans ratio		0.68		0.63		0.57
Non-Performing Loans (“NPL”)		2,365		2,172		1,786
NPL ratio		0.58		0.54		0.46
Substandard and below coverage ratio (A/B)		124.8		129.9		153.0
Loan loss reserve (A)		3,439		3,268		3,382
Substandard and below loans (B)		2,757		2,517		2,211
Note 1)	Based on the applicable standards for financial holding company business reports submitted to the Financial<br>Supervisory Service.
---	---
Note 2)	2026 1Q figures are preliminary and are subject to change.
---	---

Asset Quality for Significant Subsidiaries and Consolidated Companies

(units: % )

Type	2026 1Q						2025						2024
	Substandard<br>and below<br>ratio		NPL ratio		Substandard<br>and below<br>coverage<br>ratio		Substandard<br>and below<br>ratio		NPL ratio		Substandard<br>and below<br>coverage<br>ratio		Substandard<br>and below<br>ratio		NPL ratio		Substandard<br>and below<br>coverage<br>ratio
Woori Bank Note 1)		0.33		0.26		161.11		0.31		0.25		172.55		0.23		0.19		247.44
Woori Card Note 2)		1.45		—		103.56		1.23		—		104.03		1.07		—		105.46
Woori Financial Capital **** Note 2)		2.06		—		107.02		1.93		—		111.48		1.91		—		134.18
Woori Investment Securities **** Note 2), Note 3)		8.55		—		44.38		6.23		—		69.21		7.29		—		84.37
Woori Asset Trust Note 2)		74.52		—		—		74.04		—		—		77.68		—		—
Woori Savings Bank **** Note 2), Note 4)		5.73		—		75.20		6.86		—		72.31		9.82		—		77.43
Note 1)	Based on K-IFRS separate financial statements.
---	---
Note 2)	Based on the applicable standards for business reports submitted to the Financial Supervisory Service.<br>
---	---
Note 3)	Woori Investment Securities was established in August 2024, following the merger of Korea Foss Securities and<br>Woori Investment Bank.
---	---
Note 4)	Based on K-GAAP.
---	---

10

(units: % )

Type Note1)	2026 1Q		2025		2024
	Risk-WeightedNon-PerformingAsset Ratio		Risk-WeightedNon-PerformingAsset Ratio		Risk-WeightedNon-PerformingAsset Ratio
Tongyang Life Insurance		0.11		0.14		0.08
ABL Life Insurance		0.13		0.14		0.23
Note 1)	Based on the applicable standards for business reports submitted to the Financial Supervisory Service<br>
---	---
III.	Financial Information
---	---
1.	Condensed Financial Statements (Consolidated)
---	---

Summary Consolidated Statement of Financial Position

(The Company and its consolidated subsidiaries, as of the end of the periods indicated)				(units: millions of Won)
Classification	2026 1Q		2025		2024
ASSETS
Cash and cash equivalents		34,570,474		38,499,679		27,281,123
Financial assets at fair value through profit or loss (“FVTPL”)		37,038,061		34,245,475		25,202,672
Financial assets at fair value through other comprehensive income		81,760,313		83,499,522		43,797,745
Securities at amortized cost		18,767,880		18,707,459		19,203,177
Loans and other financial assets at amortized cost		424,243,666		412,495,783		398,471,816
Investments in joint ventures and associates		1,799,458		2,080,008		1,748,810
Reinsurance contracts		587,391		620,207		—
Investment properties		1,022,407		998,854		450,788
Premises and equipment		6,013,187		3,780,817		3,370,585
Intangible assets and goodwill		1,062,358		1,056,647		1,091,402
Assets held for sale		406,452		168,491		73,989
Net defined benefit asset		11,390		20,558		146,109
Current tax assets		260,281		228,229		61,613
Deferred tax assets		365,576		413,649		72,937
Derivative assets (designated for hedging)		150,822		217,180		175,191
Other assets		4,525,584		4,424,728		4,605,363
Total assets	****	612,585,300	****	601,457,286	****	525,753,320
LIABILITIES
Financial liabilities at FVTPL		8,678,213		6,356,934		9,896,597
Deposits due to customers		372,424,821		376,580,845		366,821,156
Borrowings		34,659,852		34,183,267		30,117,031
Debentures		53,430,972		55,583,392		48,207,103

11

Classification	2026 1Q		2025			2024
Insurance contracts		43,597,894		45,573,864			—
Reinsurance contracts		180,461		184,792			—
Investment contract liabilities		3,378,712		3,433,611			—
Provisions		788,615		790,733			611,428
Net defined benefit liability		131,926		115,091			5,424
Current tax liabilities		751,455		723,368			127,126
Deferred tax liabilities		1,200,756		504,828			858,822
Derivative liabilities (designated for hedging)		1,110,170		615,361			102,815
Other financial liabilities		51,463,258		38,118,058			32,314,051
Other liabilities		881,887		833,894			796,498
Total liabilities	****	572,678,992	****	563,598,038	****	****	489,858,051	****
EQUITY
Owners’ equity:		38,008,000		36,017,339			34,096,836
Capital stock		3,802,676		3,802,676			3,802,676
Hybrid securities		3,710,454		3,710,498			3,810,435
Capital surplus		933,168		933,436			934,100
Other equity		764,168		(1,219,327	)		(1,400,885	)
Retained earnings		28,797,534		28,790,056			26,950,510
Non-controlling interests		1,898,308		1,841,909			1,798,433
Total equity	****	39,906,308	****	37,859,248	****	****	35,895,269	****
Total liabilities and equity	****	612,585,300	****	601,457,286	****	****	525,753,320	****
Number of Consolidated Subsidiaries (excluding holding company)		204		203			188

Summary Consolidated Statement of Comprehensive Income

(The Company and its consolidated subsidiaries, for the periods indicated)		(units: millions of Won, except per share amounts)
Classification	2026 1Q			2025 1Q		2025			2024
Operating income	****	808,155	****	****	869,263	****	3,674,808	****	****	4,255,190
Net interest income		2,303,153			2,251,991		9,030,769			8,886,336
Net fees and commissions income		576,830			511,434		2,160,404			2,086,170
Dividend income		140,732			69,824		484,465			310,320
Net insurance income		67,557			—		103,871			—
Other insurance finance income and expenses		(197,305	)		—		(378,130	)		—
Net gain or loss on financial instruments at FVTPL		439,251			202,368		725,939			1,492,783
Net gain or loss on financial assets at FVTOCI		10,703			33,257		130,620			96,620
Net gain or loss arising on financial assets at amortized cost		8,885			19,805		107,667			286,885

12

Classification	2026 1Q			2025 1Q			2025			2024
Impairment losses due to credit loss		(526,782	)		(435,501	)		(2,102,814	)		(1,716,295	)
General and administrative expenses		(1,422,809	)		(1,306,172	)		(5,179,621	)		(4,468,973	)
Other net operating expenses		(592,060	)		(477,743	)		(1,408,362	)		(2,718,656	)
Non-operating income (expenses)	****	40,037	****	****	(4,668	)	****	415,358	****	****	(32,343	)
Net income before income tax expense	****	848,192	****	****	864,595	****	****	4,090,166	****	****	4,222,847	****
Income tax expense	****	(208,759	)	****	(210,039	)	****	(862,658	)	****	(1,051,378	)
Net income	****	639,433	****	****	654,556	****	****	3,227,508	****	****	3,171,469	****
Net income attributable to owners		604,318			616,691			3,124,346			3,085,995
Net income attributable to the non-controlling<br>interests		35,115			37,865			103,162			85,474
Other comprehensive income (loss), net of tax	****	2,140,792	****	****	(32,223	)	****	176,770	****	****	382,719	****
Items that will not be reclassified to profit or loss		1,814,937			(86,879	)		90,547			(200,341	)
Items that may be reclassified to profit or loss		325,855			54,656			86,223			583,060
Total comprehensive income	****	2,780,225	****	****	622,333	****	****	3,404,278	****	****	3,554,188	****
Comprehensive income attributable to the owners		2,688,133			588,070			3,251,616			3,454,620
Comprehensive income attributable to non-controlling<br>interests		92,092			34,263			152,662			99,568
Net income per share:
Basic and diluted income per share (in Korean Won)		774			781			4,052			3,950
2.	Condensed Financial Statements (Separate)
---	---

Summary Statement of Financial Position

(The Company, as of the end of the periods indicated)	(units: millions of Won)
Classification	2026 1Q		2025		2024
---	---	---	---	---	---	---
ASSETS
Cash and cash equivalents		1,485,933		489,321		1,185,912
Financial assets at fair value through other<br><br><br>comprehensive income		551,861		558,162		553,518
Loans and other financial assets at amortized cost		867,389		707,142		204,431
Investments in subsidiaries		25,599,124		25,597,495		24,206,017
Premises and equipment		3,861		4,763		5,304
Intangible assets		3,086		2,961		3,308
Net defined benefit asset		440		2,108		1,378
Current tax assets		34,247		26,295		33,120
Deferred tax assets		6,743		5,810		4,379
Other assets		430		315		155,670
Total assets	****	28,553,114	****	27,394,372	****	26,353,037
LIABILITIES

13

Classification	2026 1Q			2025		2024
Debentures		2,717,637			2,667,525		2,037,567
Provisions		1,559			1,897		1,252
Current tax liabilities		708,717			673,217		84,701
Other financial liabilities		681,374			95,822		76,382
Other liabilities		3,563			5,967		404
Total liabilities	****	4,112,850	****	****	3,444,428	****	2,200,306	****
EQUITY
Capital stock		3,802,676			3,802,676		3,802,676
Hybrid securities		3,710,228			3,710,228		3,810,225
Capital surplus		8,120,236			8,120,236		11,120,236
Other equity		(103,329	)		2,607		(1,189	)
Retained Earnings		8,910,453			8,314,197		5,420,783
Total equity	****	24,440,264	****	****	23,949,944	****	24,152,731	****
Total liabilities and equity	****	28,553,114	****	****	27,394,372	****	26,353,037	****

Summary Statement of Comprehensive Income

(The Company, for the periods indicated)	(units: millions of Won, except per share amounts)
Classification	2026 1Q			2025 1Q			2025			2024
---	---	---	---	---	---	---	---	---	---	---	---	---
Operating income		1,195,951			1,397,416			1,294,715			1,123,301
Net interest income (expense)		(15,891	)		(8,203	)		(44,526	)		2,128
Interest income		2,990			8,610			28,296			51,778
Interest expense		(18,881	)		(16,813	)		(72,822	)		(49,650	)
Net fees and commissions loss		(7,017	)		(4,781	)		(26,879	)		(20,319	)
Fees and commissions income		443			459			1,816			1,625
Fees and commissions expense		(7,460	)		(5,240	)		(28,695	)		(21,944	)
Dividend income		1,243,373			1,429,225			1,448,486			1,208,522
Reversal (Provision) of impairment losses due to credit loss		(655	)		(404	)		56			608
General and administrative expenses		(23,859	)		(18,421	)		(82,422	)		(67,638	)
Non-operating expenses	****	—	****	****	(6	)	****	(170,511	)	****	(147	)
Net income before income tax expense	****	1,195,951	****	****	1,397,410	****	****	1,124,204	****	****	1,123,154	****
Income tax benefit (expense)	****	(1,008	)	****	(1,345	)	****	2,836	****	****	178	****
Net income	****	1,194,943	****	****	1,396,065	****	****	1,127,040	****	****	1,123,332	****
Other comprehensive income, net of tax	****	(5,118	)	****	1,726	****	****	3,562	****	****	9,138	****
Items that will not be reclassified to profit or loss		(5,118	)		1,726			3,562			9,138
Net gain on valuation of equity securities at FVTOCI		(4,569	)		2,686			3,328			10,164

14

Classification	2026 1Q			2025 1Q			2025		2024
Remeasurement of the net defined benefit liability		(549	)		(960	)		234		(1,026	)
Total comprehensive Income	****	1,189,825	****	****	1,397,791	****	****	1,130,602	****	1,132,470	****
Net Income per share:
Basic and diluted income per share (in Korean Won)		1,577			1,828			1,326		1,296
3.	Dividend Information
---	---

Dividend Data for the Past 3 Years – Key Indicators

Items		2026 1Q		2025		2024
Par value per share<br>(Won)			5,000		5,000		5,000
Net profit (Millions of<br>Won)			604,318		3,124,346		3,085,995
Earnings per share<br>(Won)			774		4,052		3,950
Total cash dividends (Millions of<br>Won)			160,527		998,468		891,045
Total stock dividends (Millions of<br>Won)			—		—		—
Cash dividend payout ratio<br>(%)			26.56		31.96		28.87
Cash dividend yield (%)	Common Shares		0.6		4.4		6.9
	Preferred Shares		—		—		—
Stock dividend yield (%)	Common Shares		—		—		—
	Preferred Shares		—		—		—
Cash dividend per share (Won)	Common Shares		220		1,360		1,200
	Preferred Shares		—		—		—
Stock dividend per share (Share)	Common Shares		—		—		—
	Preferred Shares		—		—		—
Note 1)	The dividends for the first quarter of 2026 were KRW 160,527 million (KRW 220 per share), as determined<br>through a board resolution on April 24, 2026.
---	---
Note 2)	The dividends for FY2025 include quarterly dividends of KRW 147,428 million (KRW 200 per share) for the<br>first quarter, KRW 146,804 million (KRW 200 per share) for the second quarter and KRW 146,804 million (KRW 200 per share) for the third quarter.
---	---
Note 3)	The dividends for FY2024 include quarterly dividends of KRW 133,657 million (KRW 180 per share) for the<br>first quarter, KRW 133,657 million (KRW 180 per share) for the second quarter, and KRW 133,657 million (KRW 180 per share) for the third quarter.
---	---
Note 4)	The cash dividend yields for the first quarter of 2026 and FY2025 are calculated as the percentage of cash<br>dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the trading day before the date the dividend amount is determined. The percentage is rounded to the first decimal place.<br>
---	---
Note 5)	The cash dividend yields for FY2024 are calculated as the percentage of cash dividend per share to the<br>arithmetic average of the final prices formed in the stock market during the week up to the date that is two trading days before the record date. The percentage is rounded to the first decimal place.
---	---

15

IV. Independent Auditor’s Opinion

1.	Independent Auditor’s Opinion
	2026 1Q	2025	2024
---	---	---	---
Auditor	KPMG Samjong Accounting Corp.	KPMG Samjong Accounting Corp.	KPMG Samjong Accounting Corp.
Auditor’s Opinion	Note 1)	Note 2)	Note 3)
Note 1)	In its review report attached to this report, KPMG Samjong Accounting Corp. has stated that nothing had come to<br>their attention that caused them to believe that the accompanying consolidated and separate interim financial statements of Woori Financial Group are not presented fairly in all material respects, in accordance with Korean IFRS.<br>
---	---
Note 2)	In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented<br>fairly, in all material respects, in accordance with Korean IFRS.
---	---
Note 3)	In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented<br>fairly, in all material respects, in accordance with Korean IFRS.
---	---
2.	Compensation to the Independent Auditor
---	---
a.	Audit Services
---	---
Term	Auditor	Description	Contractual		Actual
---	---	---	---	---	---	---
			Fee	Time	Fee	Time
2026 1Q	KPMG Samjong Accounting Corp.	1Q/1H/3Q Review<br><br><br>Closing audit (including internal<br><br><br>accounting management system)	KRW 1,049 million	10,009 hours	KRW 206 million	1,442 hours
2025	KPMG Samjong Accounting Corp.	1Q/1H/3Q Review<br><br><br>Closing audit (including internal<br><br><br>accounting management system)	KRW 1,835 million	17,029 hours	KRW 1,835 million	17,052 hours
2024	KPMG Samjong Accounting Corp.	1Q/1H/3Q Review<br><br><br>Closing audit (including internal<br><br><br>accounting management system)	KRW 1,037 million	9,930 hours	KRW 1,037 million	9,937 hours
Note 1)	Fee excludes VAT
---	---
Note 2)	Time includes planning time up until the commencement of the applicable services
---	---
b.	Other Audit Services
---	---

Not Applicable

16

c.	Current Status of Audit Service Agreements with the Independent Auditor Relating to U.S. Listing
Term	Auditor	Description	Fee
---	---	---	---	---
2026 1Q	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2026)		KRW 2,302 million
2025	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2025)		KRW 2,028 million
2024	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2024)		KRW 2,015 million
Note 1)	Fee excludes VAT
---	---
d.	Non-Audit Services
---	---
Term	Date of<br><br><br>Execution of<br><br><br>Agreement	Description of Service	Service Term	Fees
---	---	---	---	---
2026 1Q	April 9, 2026	Tax adjustment (including review relating to application of consolidated tax)	April 9, 2026 ~ May 31, 2027	KRW 79 million
2025	April 9, 2025	Tax adjustment (including review relating to application of consolidated tax)	April 9, 2025 ~ June 1, 2026	KRW 76 million
2024	March 31, 2024	Tax adjustment (including review relating to application of consolidated tax)	April 1, 2024 ~ June 2, 2025	KRW 68 million
Note 1)	Fee excludes VAT
---	---

V. Corporate Governance

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

17

VI. Shareholder Information

1.	Share Distribution
a.	Share Information of the Largest Shareholder and Specially Related Parties
---	---
As of March 31, 2026	(units: shares, %)
---	---
				Shares Held								Notes
---	---	---	---	---	---	---	---	---	---	---	---	---	---
Name	Relation	Type		Beginning balance				Ending balance
				Number		Share		Number		Share
Employee Stock Ownership Association of Woori Financial Group	The largest shareholder		Common		42,182,950		5.75		40,309,369		5.49		—
Employee Stock Ownership Association of Woori Bank	Specially related party of the largest shareholder		Common		14,753,107		2.01		13,479,191		1.84		—
Total			Common		56,936,057		7.76		53,788,560		7.33		—
			Others		—		—		—		—		—
b.	Changes in the largest shareholder
---	---
As of March 31, 2026	(units: shares, %)
---	---
Date of Change	Largest Shareholder	NumberHeld		Share		Reason for Change
---	---	---	---	---	---	---
December 9, 2021	Employee Stock Ownership Association of Woori Financial Group and 1 other		71,346,178		9.80	Bought 1.00% of the KDIC’s remaining shares of Woori Financial Group (8.80% share already held) Note 1)
Note 1)	Refer to the prior disclosure on the Form 6-K on December 10, 2021<br>titled “Changes in the Largest Shareholder.”
---	---
c.	Share Ownership of More Than 5%
---	---

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

18

2.	Stock Price and Stock Market Performance

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

VII. Directors and Employee Information

1.	Directors and Executives
As of March 31, 2026	(units: shares)
---	---
Position		Name	CommonSharesOwned		Term<br><br><br>Commencement Date	Expiration of Term
---	---	---	---	---	---	---
Chief Executive Officer	Registered	Jong-Yong Yim		10,000	March 24, 2023	Note 1)
Independent Director	Registered	In-Sub Yoon		—	January 27, 2022	Note 2)
Independent Director	Registered	Choon-Soo Kim		2,800	March 26, 2025	Note 2)
Independent Director	Registered	Young-Hoon Kim		—	March 26, 2025	Note 2)
Independent Director	Registered	Kang-Haeng Lee		7,000	March 26, 2025	Note 2)
Independent Director	Registered	Yeong-Seop Rhee		—	March 26, 2025	Note 2)
Independent Director	Registered	Yong-Geon Jung		—	March 23, 2026	Note 3)
Independent Director	Registered	Jung-Hye Ryu		—	March 23, 2026	Note 3)
President	Non-Registered	Jeong-Soo Lee		6,890	February 27, 2026	December 31, 2026
Deputy President	Non-Registered	Il-Jin Ouk		4,000	December 8, 2023	November 30, 2026
Deputy President	Non-Registered	Jang-Keun Park		2,850	December 8, 2023	March 6, 2027
Deputy President	Non-Registered	Kyu-Hwang Jeong		11,741	December 8, 2023	July 4, 2026
Deputy President	Non-Registered	Seong-Min Kwak		3,692	January 15, 2026	December 31, 2027
Managing Director	Non-Registered	Jung-Sup Lee		—	December 16, 2024	December 31, 2026
Managing Director	Non-Registered	Je-Seong Park		5,250	December 16, 2024	December 31, 2026
Managing Director	Non-Registered	Byung-Gyu Kim		—	January 15, 2026	December 31, 2027
Managing Director	Non-Registered	Won-Myung Ko		—	January 15, 2026	January 14, 2028
Managing Director	Non-Registered	Yeon-Ho Park		—	February 27, 2026	December 31, 2027
Note 1)	The terms of standing director Jong-Yong Yim: Until the end of the annual general meeting of shareholders in<br>FY2029.
---	---
Note 2)	The terms of independent directors In-Sub Yoon, Choon-Soo Kim,<br>Young-Hoon Kim, Kang-Haeng Lee and Yeong-Seop Rhee: Until the end of the annual general meeting of shareholders in FY2027.
---	---
Note 3)	The terms of independent directors Yong-Geon Jung and Jung-Hye Ryu:<br>Until the end of the annual general meeting of shareholders in FY2028.
---	---
Note 4)	Common shares owned by executive officers excludes shares held through the Employee Stock Ownership<br>Association, in accordance with the legal interpretation by the Financial Services Commission (FSC).
---	---
Note 5)	Term commencement date: date of inauguration for registered officers or directors / date of appointment of<br>current position for non-registered officers or directors.
---	---

19

2.	Employee Status

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

3.	Directors’ Compensation

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

VIII. Internal Controls

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 13, 2026 under the title “Summary of 2025 Business Report.”

20

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: May 15, 2026	By:	/s/ Seong Min Kwak
		(Signature)
		Name: Seong Min Kwak
		Title: Deputy President

21

EX-99.1

Exhibit 99.1

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

WOORI FINANCIAL GROUP INC.

	Page(s)
Independent Auditors’ Review Report		1-2
Consolidated Interim Financial Statements
Consolidated Interim Statements of Financial Position		4
Consolidated Interim Statements of Comprehensive Income		5-6
Consolidated Interim Statements of Changes in Equity		7
Consolidated Interim Statements of Cash Flows		8-9
Notes to the Consolidated Interim Financial Statements		10-127

Independent Auditors’ Review Report

Based on a report originally issued in Korean

To the Board of Directors and Shareholders of Woori Financial Group Inc.

Reviewed Financial Statements

We have reviewed the accompanying condensed consolidated interim financial statements of Woori Financial Group Inc. and its subsidiaries (collectively the “Group”), which comprise the condensed consolidated interim statement of financial position as of March 31, 2026, the condensed consolidated interim statements of comprehensive income, changes in equity and cash flows for the three-month periods ended March 31, 2026 and 2025 and notes, comprising of material accounting policy information and other explanatory information.

Management’s Responsibility

Management is responsible for the preparation and fair presentation of these condensed consolidated interim financial statements in accordance with Korean International Financial Reporting Standards (“K-IFRS”) No.1034 Interim Financial Reporting, and for such internal control as management determines is necessary to enable the preparation of the condensed consolidated interim financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’Review Responsibility

Our responsibility is to issue a report on these condensed consolidated interim financial statements based on our review.

We conducted our review in accordance with the Review Standards for Quarterly and Semiannual Financial Statements established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements referred to above do not present fairly, in all material respects, in accordance with K-IFRS No.1034 Interim Financial Reporting.

Other Matters

The consolidated statement of financial position of the Group as of December 31, 2025, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the year then ended, which are not accompanying this report, were audited by us in accordance with Korean Standards on Auditing and our report thereon, dated March 4, 2026, expressed an unqualified opinion. The accompanying consolidated statement of financial position of the Group as of December 31, 2025, presented for comparative purposes, is not different from that audited by us from which it was derived in all material respects.

• 1 -

The procedures and practices utilized in the Republic of Korea to review such condensed consolidated interim financial statements may differ from those generally accepted and applied in other countries.

/s/ KPMG Samjong Accounting Corp.

Seoul, Korea

May 15, 2026

This report is effective as of May 15, 2026, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying condensed consolidated interim financial statements and notes thereto. Accordingly, the readers of the review report should understand that the above review report has not been updated to reflect the impact of such subsequent events or circumstances, if any.

• 2 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

The accompanying consolidated interim financial statements including all footnote disclosures were prepared by, and are the responsibility of, the management of Woori Financial Group Inc.

Jong Yong Yim

President and Chief Executive Officer

Main Office Address: (Address) 51, Sogong-ro, Jung-gu, Seoul

(Phone Number) 02-2125-2000

• 3 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION

AS OF MARCH 31, 2026 (UNAUDITED) AND DECEMBER 31, 2025

	March 31,<br><br><br>2026		December 31,<br><br><br>2025
	(Korean Won in millions)
ASSETS
Cash and cash equivalents (Notes 4 and 6)		34,570,474		38,499,679
Financial assets at fair value through profit or loss (“FVTPL”) (Notes 4, 7, 11, and<br>21)		37,038,061		34,245,475
Financial assets at fair value through other comprehensive income (“FVTOCI”) (Notes 4,<br>8, and 11)		81,760,313		83,499,522
Securities at amortized cost (Notes 4, 9, and 11)		18,767,880		18,707,459
Loans and other financial assets at amortized cost (Notes 4, 10, 11, and 35)		424,243,666		412,495,783
Investments in joint ventures and associates (Note 12)		1,799,458		2,080,008
Reinsurance contract assets (Note 17)		587,391		620,207
Investment properties		1,022,407		998,854
Premises and equipment		6,013,187		3,780,817
Intangible assets		1,062,358		1,056,647
Assets held for sale		406,452		168,491
Net defined benefit asset (Note 19)		11,390		20,558
Current tax assets		260,281		228,229
Deferred tax assets		365,576		413,649
Derivative assets (Designated for hedging) (Notes 4,11 and 21)		150,822		217,180
Other assets (Notes 13 and 35)		4,525,584		4,424,728
Total assets		612,585,300		601,457,286
LIABILITIES
Financial liabilities at fair value through profit or loss (“FVTPL”) (Notes 4, 11, 14<br>and 21)		8,678,213		6,356,934
Deposits due to customers (Notes 4,11,15 and 35)		372,424,821		376,580,845
Borrowings (Notes 4, 11 and 16)		34,659,852		34,183,267
Debentures (Notes 4, 11 and 16)		53,430,972		55,583,392
Insurance contract liabilities (Note 17)		43,597,894		45,573,864
Reinsurance contract liabilities (Note 17)		180,461		184,792
Investment contract liabilities (Notes 4 and 11)		3,378,712		3,433,611
Provisions (Notes 18, 34 and 35)		788,615		790,733
Net defined benefit liability (Note 19)		131,926		115,091
Current tax liabilities		751,455		723,368
Deferred tax liabilities		1,200,756		504,828
Derivative liabilities (Designated for hedging) (Notes 4,11 and 21)		1,110,170		615,361
Other financial liabilities (Notes 4, 11, 20 and 35)		51,463,258		38,118,058
Other liabilities (Notes 20 and 35)		881,887		833,894
Total liabilities		572,678,992		563,598,038
EQUITY
Owners’ equity (Note 22)
Capital stock		3,802,676		3,802,676
Hybrid securities		3,710,454		3,710,498
Capital surplus		933,168		933,436
Other equity		764,168		(1,219,327	)
Retained earnings		28,797,534		28,790,056
		38,008,000		36,017,339
Non-controlling interests		1,898,308		1,841,909
Total equity		39,906,308		37,859,248
Total liabilities and equity		612,585,300		601,457,286

The accompanying notes are part of these condensed consolidated interim financial statements.

• 4 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month periods ended March 31
	2026			2025
	(Korean Won in millions)
Interest income		5,395,795			5,305,169
Financial assets at FVTPL		79,791			55,959
Financial assets at FVTOCI		650,978			351,396
Financial assets at amortized cost		4,659,319			4,897,814
Insurance finance		5,707			—
Interest expense		(3,092,642	)		(3,053,178	)
Financial liabilities at amortized cost		(2,699,053	)		(3,053,178	)
Insurance finance		(393,589	)		—
Net interest income (Notes 24 and 35)	****	2,303,153	****	****	2,251,991	****
Fees and commissions income		789,745			708,971
Fees and commissions expense		(212,915	)		(197,537	)
Net fees and commissions income (Notes 25 and 35)	****	576,830	****	****	511,434	****
Dividend income (Notes 26 and 35)		140,732			69,824
Insurance income		545,632			—
Insurance		528,420			—
Reinsurance		17,212			—
Insurance service expense		(478,075	)		—
Insurance service		(458,718	)		—
Reinsurance service		(19,357	)		—
Net insurance income (Note 17)	****	67,557	****		—
Other insurance finance income and expenses (Note 17)		(197,305	)		—
Net gain on financial instruments at FVTPL (Notes 27)		439,251			202,368
Net gain on financial assets at FVTOCI (Notes 28)		10,703			33,257
Net gain arising on financial assets at amortized cost		8,885			19,805
Impairment losses due to credit loss (Notes 29 and 35)		(526,782	)		(435,501	)
General and administrative expense (Notes 30 and 35)		(1,422,809	)		(1,306,172	)
Other net operating expense (Notes 21, 30 and 35)		(592,060	)		(477,743	)
Operating income (Note 5)	****	808,155	****	****	869,263	****
Share of gain of joint ventures and associates (Note 12)		28,763			10,035
Other non-operating income and expense		11,274			(14,703	)
Non-operating income and expense (Note31)	****	40,037	****	****	(4,668	)
Net income before income tax expense	****	848,192	****	****	864,595	****
Income tax expense (Note 32)		(208,759	)		(210,039	)
Net income	****	639,433	****	****	654,556	****
Net gain(loss) on valuation of equity securities at FVTOCI		35,095			28,987
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at<br>FVTPL		(80	)		26
Changes in capital due to equity method		1,096			(1,110	)
Remeasurement gain(loss) related to defined benefit plan		(17,652	)		(114,782	)
Gain on revaluation of premises and equipment		1,796,478			—
Items that will not be reclassified to profit or loss:	****	1,814,937	****	****	(86,879	)
Net gain(loss) on valuation of debt securities at FVTOCI		(1,457,453	)		49,642
Changes in capital due to equity method		6,266			1,486
Net gain(loss) on foreign currency translation of foreign operations		282,617			(425	)
Net gain(loss) on valuation of hedges of net investments in foreign operations		(49,170	)		2,226

(Continued)

• 5 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month periods ended March 31
	2026			2025
Net gain(loss) on valuation of cash flow hedge		(110,462	)		1,727
Net financial gain on insurance contract assets (liabilities)		1,671,497			—
Net financial loss on reinsurance contract assets (liabilities)		(17,440	)		—
Items that may be reclassified to profit or loss:	****	325,855	****	****	54,656	****
Other comprehensive income (loss), net of tax	****	2,140,792	****	****	(32,223	)
Total comprehensive income	****	2,780,225	****	****	622,333	****
Net income attributable to:	****	639,433	****	****	654,556	****
Net income attributable to owners		604,318			616,691
Net income attributable to non-controlling<br>interests		35,115			37,865
Total comprehensive income attributable to:	****	2,780,225	****	****	622,333	****
Comprehensive income attributable to owners		2,688,133			588,070
Comprehensive income attributable to non-controlling<br>interests		92,092			34,263
Earnings per share (Note 33)
Basic and diluted earnings per share (Unit: In Korean Won)		774			781

The accompanying notes are part of these condensed consolidated interim financial statements.

• 6 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

	Capital<br><br><br>Stock		Hybridsecurities			Capital<br><br><br>surplus			Other<br><br><br>equity			Retainedearnings			Owners’equity intotal			Non-<br><br><br>controlling<br><br><br>interests			Total<br><br><br>equity
	(Korean Won in millions)
January 1, 2025		3,802,676		3,810,435			934,100			(1,400,885	)		26,950,510			34,096,836			1,798,433			35,895,269
Total comprehensive income
Net income		—		—			—			—			616,691			616,691			37,865			654,556
Net gain on valuation of financial instruments at FVTOCI		—		—			—			78,514			—			78,514			115			78,629
Net gain(loss) due to disposal of equity securities at FVTOCI		—		—			—			996			(996	)		—			—			—
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at<br>FVTPL		—		—			—			26			—			26			—			26
Changes in capital due to equity method		—		—			—			376			—			376			—			376
Gain(loss) on foreign currency translation of foreign operations		—		—			—			3,295			—			3,295			(3,720	)		(425	)
Gain(loss) on valuation of hedges of net investments in foreign operations		—		—			—			2,226			—			2,226			—			2,226
Gain on valuation of cash flow hedge		—		—			—			1,727			—			1,727			—			1,727
Remeasurement loss related to defined benefit plan		—		—			—			(114,785	)		—			(114,785	)		3			(114,782	)
Transactions with owners
Dividends to common stocks		—		—			—			—			(488,076	)		(488,076	)		(992	)		(489,068	)
Changes in treasury stocks		—		—			—			(25,641	)		—			(25,641	)		—			(25,641	)
Dividends to hybrid securities		—		—			—			—			(39,506	)		(39,506	)		(36,457	)		(75,963	)
Redemption of hybrid securities		—		(399,092	)		—			(908	)		—			(400,000	)		—			(400,000	)
Transfer of redemption loss of hybrid securities to retained earnings		—		—			—			2,456			(2,456	)		—			—			—
Changes in subsidiaries’ capital		—		—			—			49,742			(49,742	)		—			—			—
Others		—		—			—			—			(3,906	)		(3,906	)		(22	)		(3,928	)
March 31, 2025 (Unaudited)		3,802,676		3,411,343			934,100			(1,402,861	)		26,982,519			33,727,777			1,795,225			35,523,002
January 1, 2026		3,802,676		3,710,498			933,436			(1,219,327	)		28,790,056			36,017,339			1,841,909			37,859,248
Total comprehensive income
Net income		—		—			—			—			604,318			604,318			35,115			639,433
Net gain on valuation of financial instruments at FVTOCI		—		—			—			(1,266,238	)		—			(1,266,238	)		(156,162	)		(1,422,400	)
Net gain(loss) due to disposal of equity securities at FVTOCI		—		—			—			(149	)		149			—			42			42
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at<br>FVTPL		—		—			—			(80	)		—			(80	)		—			(80	)
Changes in capital due to equity method		—		—			—			7,593			(231	)		7,362			—			7,362
Gain(loss) on foreign currency translation of foreign operations		—		—			—			277,221			—			277,221			5,396			282,617
Loss on valuation of hedges of net investments in foreign operations		—		—			—			(49,170	)		—			(49,170	)		—			(49,170	)
Gain on valuation of cash flow hedge		—		—			—			(85,338	)		—			(85,338	)		(25,124	)		(110,462	)
Remeasurement loss related to defined benefit plan		—		—			—			(16,823	)		—			(16,823	)		(829	)		(17,652	)
Net financial gain on insurance contract assets (liabilities)		—		—			—			1,433,518			—			1,433,518			237,979			1,671,497
Net financial loss on reinsurance contract assets (liabilities)		—		—			—			(11,880	)		—			(11,880	)		(5,560	)		(17,440	)
Gain on revaluation of premises and equipment		—		—			—			1,795,243			—			1,795,243			1,235			1,796,478
Transactions with owners
Dividends to common stocks		—		—			—			—			(555,130	)		(555,130	)		(7	)		(555,137	)
Changes in treasury stocks		—		—			—			(103,040	)		—			(103,040	)		—			(103,040	)
Dividends to hybrid securities		—		—			—			—			(39,034	)		(39,034	)		(34,325	)		(73,359	)
Transfer of redemption loss of hybrid securities to retained earnings		—		—			—			2,222			(2,222	)		—			—			—
Changes in subsidiaries’ capital		—		—			(40	)		416			(416	)		(40	)		40			—
Others		—		(44	)		(228	)		—			44			(228	)		(1,401	)		(1,629	)
March 31, 2026 (Unaudited)		3,802,676		3,710,454			933,168			764,168			28,797,534			38,008,000			1,898,308			39,906,308

The accompanying notes are part of these condensed consolidated interim financial statements.

• 7 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS

FOR THETHREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month periods ended<br>March 31
	2026			2025
	(Korean Won in millions)
Cash flows from operating activities :
Net income		639,433			654,556
Adjustments to net income:
Income tax expense		208,759			210,039
Interest income		(5,395,795	)		(5,305,169	)
Interest expense		3,092,642			3,053,178
Dividend income		(140,732	)		(69,824	)
		(2,235,126	)		(2,111,776	)
Additions of expenses not involving cash outflows:
Insurance service expense		478,075			—
Other insurance finance expense		197,968			—
Loss on financial assets at FVTOCI		4,509			18
Impairment loss due to credit loss		526,782			435,501
Loss on other provisions		4,353			2,400
Retirement benefit		38,432			36,183
Depreciation and amortization		318,029			309,434
Net loss on foreign currency translation		51,482			20,345
Loss on derivatives (designated for hedge)		196,022			3,734
Loss on fair value hedge		10,047			45,158
Loss on valuation of investments in joint ventures and associates		12,268			6,190
Loss on disposal of investments in joint ventures and associates		29			191
Loss on disposal of premises and equipment, intangible assets and other assets		3,722			387
Impairment loss on premises and equipment, intangible assets and other assets		371			282
Loss on revaluation of premises and equipment		6,838			—
Other losses		275			9,038
		1,849,202			868,861
Deductions of income not involving cash inflows:
Insurance income		545,632			—
Other insurance finance income		663			—
Gain on financial instruments at FVTPL		368,955			373,656
Gain on financial assets at FVTOCI		15,212			33,275
Gain on other provisions		4,668			297
Gain on derivatives (designated for hedge)		61,854			59,068
Gain on fair value hedge		32,679			2,067
Gain on valuation of investments in joint ventures and associates		41,031			16,226
Gain on disposal of investments in joint ventures and associates		17,512			16
Gain on disposal of premises and equipment, intangible assets and other assets		1,478			375
Reversal of impairment loss on premises and equipment, intangible assets and other assets		705			20
		1,090,389			485,000
Changes in operating assets and liabilities:
Reinsurance contract assets		41,278			—
Financial instruments at FVTPL		(67,206	)		669,055
Loans and other financial assets at amortized cost		(9,257,089	)		(11,084,919	)
Other assets		(253,136	)		(197,519	)
Insurance contract liabilities		(247,209	)		—
Reinsurance contract liabilities		(33,967	)		—
Investment contract liabilities		(117,888	)		—
Deposits due to customers		(7,026,750	)		1,592,216
Provisions		(4,748	)		26,495
Net defined benefit liability		(37,823	)		(12,886	)
Other financial liabilities		12,660,513			7,407,502
Other liabilities		42,607			32,374
		(4,301,418	)		(1,567,682	)

(Continued)

• 8 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS

FOR THETHREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month periods ended<br>March 31
	2026			2025
	(Korean Won in millions)
Interest income received		5,209,555			5,249,474
Interest expense paid		(3,142,485	)		(2,966,081	)
Dividends received		120,294			55,405
Income tax paid		(162,621	)		(107,726	)
		2,024,743			2,231,072
Net cash outflow from operating activities		(3,113,555	)		(409,969	)
Cash flows from investing activities
Net cash out-flows from hedging activities		(55,875	)		—
Disposal of financial instruments at FVTPL		4,700,111			3,211,629
Acquisition of financial instruments at FVTPL		(4,532,492	)		(3,599,755	)
Disposal of financial assets at FVTOCI		13,120,715			8,735,912
Acquisition of financial assets at FVTOCI		(12,250,481	)		(7,893,050	)
Redemption of securities at amortized cost		977,562			1,167,352
Acquisition of securities at amortized cost		(956,205	)		(1,005,252	)
Net cash flows from changes in subsidiaries		(43,409	)		(154,953	)
Disposal of investments in joint ventures and associates		407,041			17,773
Acquisition of investments in joint ventures and associates		(296,405	)		(31,525	)
Disposal of investment properties		300			—
Disposal of premises and equipment		689			424
Acquisition of premises and equipment		(44,031	)		(21,559	)
Disposal of intangible assets		54			34
Acquisition of intangible assets		(46,879	)		(55,797	)
Disposal of assets held for sale		2,717			1
Net increase(decrease) of other assets		1,402			20,298
Net cash inflow from investing activities		984,814			391,532
Cash flows from financing activities:
Net cash in(out)-flows from hedging activities		96,842			32,863
Net increase(decrease) in borrowings		(271,216	)		189,432
Issuance of debentures		10,367,400			5,577,523
Redemption of debentures		(12,829,684	)		(6,920,431	)
Redemption of lease liabilities		(75,731	)		(74,383	)
Net increase of other liabilities		663			(116	)
Acquisition of treasury stocks		(103,040	)		(20,673	)
Redemption of hybrid securities		—			(400,000	)
Dividends paid to hybrid securities		(73,359	)		(75,963	)
Dividends paid to non-controlling interest		(7	)		(992	)
Changes in non-controlling interests		(1,630	)		—
Net increase(decrease) in non-controlling equity<br>liabilities		—			375
Net cash outflow from financing activities		(2,889,762	)		(1,692,365	)
Effects of exchange rate changes on cash and cash equivalents		1,089,298			37,190
Net increase(decrease) in cash and cash equivalents		(3,929,205	)		(1,673,612	)
Cash and cash equivalents, beginning of the period		38,499,679			27,281,123
Cash and cash equivalents, end of the Period (Note 6)		34,570,474			25,607,511

The accompanying notes are part of these condensed consolidated interim financial statements.

• 9 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

1.	GENERAL
(1)	Summary of the Parent company
---	---

Woori Financial Group, Inc. (hereinafter referred to as the “Parent company”) is primarily aimed at controlling subsidiaries that operate in the financial industry or those that are closely related to the financial industry through the ownership of shares and was established on January 11, 2019 under the Financial Holding Company Act through the comprehensive transfer with shareholders of Woori Bank (hereinafter referred to as the “Bank”), Woori FIS Co., Ltd., Woori Finance Research Institute Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd. and Woori Private Equity Asset Management Co. Ltd. The headquarters of the Parent company is located at 51, Sogong-ro, Jung-gu, Seoul, Korea, and the capital stock is 3,802,676 million Won. The Parent company’s stocks were listed on the Korea Exchange on February 13, 2019, and its American Depository Shares (“ADS”) are also being traded as the underlying common stock on the New York Stock Exchange since the same date.

The details of stock transfer between the Parent company and subsidiaries as of Incorporation are as follows (Unit: Number of shares)

Stock transfer company	Total number of<br>issued shares		Exchange ratio<br>per share		Number of Parent<br>company’s stocks
Woori Bank		676,000,000		1.0000000		676,000,000
Woori FIS Co., Ltd.		4,900,000		0.2999708		1,469,857
Woori Finance Research Institute Co., Ltd.		600,000		0.1888165		113,289
Woori Credit Information Co., Ltd.		1,008,000		1.1037292		1,112,559
Woori Fund Service Co., Ltd.		2,000,000		0.4709031		941,806
Woori Private Equity Asset Management Co., Ltd.		6,000,000		0.0877992		526,795

As of August 1, 2019, the Parent company acquired a 73% interest in Tongyang Asset Management Co., Ltd. and changed the name to Woori Asset Management Corp. Also, as of August 1, 2019, the Parent company gained 100% control of ABL Global Asset Management Co., Ltd., added it as a consolidated subsidiary and changed the name to Woori Global Asset Management Co., Ltd. on December 6, 2019.

The Parent company paid 598,391 million Won in cash and 42,103,377 new shares of the Parent company to acquire 100% interest of Woori Card Co., Ltd. from its subsidiary, Woori Bank, on September 10, 2019. On the same date, the Parent company also acquired 59.8% interest of Woori Investment Bank Co., Ltd. from Woori Bank with 392,795 million Won in cash.

As of December 30, 2019, the Parent company acquired a 67.2% interest (excluding treasury stocks, 51% interest including treasury stocks) in Woori Asset Trust Co., Ltd. (formerly Kukje Asset Trust Co., Ltd.) and added it as a consolidated subsidiary at the end of 2019. As of March 31, 2023, it acquired an additional 28.1% interests (excluding treasury stock, 21.3% in the case of including treasury stock).

The Parent company acquired 76.8% (excluding treasury stocks, 74.0% interest including treasury stocks) interest in Woori Financial Capital Co., Ltd. (formerly Aju Capital Co., Ltd.) on December 10, 2020. In addition, as of April 15, 2021, the Parent company acquired 13.3% interests (excluding treasury stock, 12.9% when including treasury stock) in Woori Financial Capital Co., Ltd., and as of May 24, 2021, the Parent company additionally acquired treasury stock (3.6%) which Woori Financial Capital Co., Ltd. possessed.

The Parent company paid 113,238 million Won in cash to acquire 100% interest of Woori Savings Bank from its subsidiary, Woori Financial Capital Co., Ltd., on March 12, 2021.

As of August 10, 2021, the Parent company paid 5,792,866 new shares of the Parent company to the shareholders of Woori Financial Capital Co., Ltd. (excluding the Parent company) through comprehensive stock exchange and acquired residual interest (9.5%) of Woori Financial Capital Co., Ltd., to make it a wholly owned subsidiary.

As of January 7, 2022, the Parent company established Woori Financial F&I Co., Ltd., an investment company for non-performing loans and restructuring companies (100% interest, 200 billion Won in stock payments) and included it as a subsidiary.

• 10 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

As of March 23, 2023, the Parent company acquired a 53.9% interest (excluding treasury stocks, 52.0% interest including treasury stocks) in Woori Venture Partners Co., Ltd. (formerly Daol Investment Co., Ltd.), and added it as a consolidated subsidiary. As of May 30, 2023, the Parent company additionally acquired treasury stock (3.5%) which Woori Venture Partners Co., Ltd. possessed.

As of August 8, 2023, the Parent company paid 22,541,465 new shares of the Parent company to the shareholders of Woori Investment Bank Co., Ltd. (excluding the Parent company) through comprehensive stock exchange and acquired residual interest (41.3%) of Woori Investment Bank Co., Ltd., to make it a wholly owned subsidiary. In addition, on the same day, the Parent company paid 9,933,246 new shares of the Parent company to the shareholders of Woori Venture Partners Co., Ltd. (excluding the Parent company) through comprehensive stock exchange and acquired residual interest (44.5%) of Woori Venture Partners Co., Ltd., to make it a wholly owned subsidiary.

On January 29, 2024, the Parent company’s percentage of ownership in Woori Asset Management Corp. after the merger between Woori Asset Management Corp. (the surviving company) and Woori Global Asset Management Co., Ltd. (the merged company) is 77.5%. On March 29, 2024, the Parent company acquired the remaining shares (22.5%) of Woori Asset Management Corp., pursuant to which Woori Asset Management Corp. became a wholly-owned subsidiary of the parent company.

On March 25, 2024, the Parent company participated in the capital increase amount and acquired the 1,062,045 shares (96.7% after acquiring shares, 79.4% including treasury shares) of Woori Asset Trust Co., Ltd. Additionally, on March 29, 2024, Woori Asset Trust Co., Ltd. conducted a complete retirement of its 738,000 treasury shares. In addition, as of April 8, 2024, the Parent company additionally acquired minority interests (2.0%) of Woori Asset Trust Co., Ltd. As of November 19, 2024, the Parent company additionally acquired minority interests (0.9%) of Woori Asset Trust Co., Ltd.

On August 1, 2024, The Parent company owned 97.1% interest in merged securities firm as a result of merger between Korea Foss Securities (the surviving company) and Woori Investment Bank Co., Ltd. (dissolution company), and acquired an additional 2.3% out of the remaining interest. The merged securities company also changed its name to Woori Investment Securities Co., Ltd.

On July 1, 2025, the Parent company acquired 77.9% of the shares (excluding treasury shares; 75.3% including treasury shares) of Tongyang Life Insurance Co., Ltd. and 100% of the shares of ABL Life Insurance Co., Ltd. and included them as subsidiaries.

On July 31, 2025, the Parent company acquired the remaining shares (0.4%) of Woori Asset Trust Co., Ltd., pursuant to which Woori Asset Trust Co., Ltd. became a wholly-owned subsidiary of the parent company.

On November 28, 2025, the Parent Company acquired an additional (0.20%) minority interest in Woori Investment Securities Co., Ltd. As of December 19, 2025, the Parent Company additionally acquired (0.10%) of the treasury shares held by Woori Investment Securities Co., Ltd., as well as an additional (0.20%) minority interest.

On January 5, 2026 and March 13, 2026, the Company acquired the residual interest (0.1%) of Woori Investment Securities Co., Ltd., to make it a wholly owned subsidiary.

(2)	Details of the Parent company and subsidiaries (hereinafter ‘Group’) as of March 31, 2026 and<br>December 31, 2025 are as follows:
			Percentage of ownership<br>(%)				Location		Financial<br>statements date
---	---	---	---	---	---	---	---	---	---
Subsidiaries	Main business		March 31,<br>2026		December 31,<br>2025
Held by Woori Financial Group Inc.
Woori Bank		Bank		100.0		100.0		Korea	March 31
Tongyang Life Insurance Co., Ltd. (*1)		Life<br>insurance		77.9		77.9		Korea	March 31
Woori Card Co., Ltd.		Finance		100.0		100.0		Korea	March 31
Woori Financial Capital Co., Ltd.		Finance		100.0		100.0		Korea	March 31

• 11 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership<br>(%)				Location	Financial<br>statements date
Subsidiaries	Main business	March 31,<br>2026		December 31,<br>2025
Woori Investment Securities Co., Ltd. (*1)	Securities brokerage		100.0		99.9	Korea	March 31
ABL Life Insurance Co., Ltd. (*1)	Life insurance		100.0		100.0	Korea	March 31
Woori Asset Trust Co., Ltd	Real estate trust		100.0		100.0	Korea	March 31
Woori Savings Bank	Mutual saving bank		100.0		100.0	Korea	March 31
Woori Financial F&I Co., Ltd.	Finance		100.0		100.0	Korea	March 31
Woori Asset Management Corp.	Finance		100.0		100.0	Korea	March 31
Woori Venture Partners	Other financial services		100.0		100.0	Korea	March 31
Woori Private Equity Asset Management Co., Ltd.	Finance		100.0		100.0	Korea	March 31
Woori Credit Information Co., Ltd.	Credit information		100.0		100.0	Korea	March 31
Woori Fund Service Co., Ltd.	Financial support<br>service business		100.0		100.0	Korea	March 31
Woori FIS Co., Ltd.	System software<br>development &<br>maintenance		100.0		100.0	Korea	March 31
Woori Finance Research Institute Co., Ltd.	Other service business		100.0		100.0	Korea	March 31
Held by Woori Bank
Woori America Bank	Finance		100.0		100.0	America	March 31
Woori Global Markets Asia Limited	Finance		100.0		100.0	Hong<br>Kong	March 31
Woori Bank China Limited	Finance		100.0		100.0	China	March 31
AO Woori Bank (*7)	Finance		100.0		100.0	Russia	March 31
PT Bank Woori Saudara Indonesia 1906 Tbk	Finance		90.8		90.8	Indonesia	March 31
Banco Woori Bank do Brasil S.A.	Finance		100.0		100.0	Brazil	March 31
Korea BTL Infrastructure Fund	Finance		99.9		99.9	Korea	March 31
Woori Finance Myanmar Co., Ltd.	Finance		100.0		100.0	Myanmar	March 31
Wealth Development Bank	Finance		51.0		51.0	Philippines	March 31
Woori Bank Vietnam Limited	Finance		100.0		100.0	Vietnam	March 31
Woori Bank (Cambodia) PLC	Finance		100.0		100.0	Cambodia	March 31
Woori Bank Europe	Finance		100.0		100.0	Germany	March 31
KAMCO Value Recreation First Securitization Specialty Co., Ltd. (*2)	Asset securitization		15.0		15.0	Korea	March 31
Jeonju Iwon Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Wonju I one Inc. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Heitz Third Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori hansoop 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori QS 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori Dream 2nd Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori K 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori Display 3rd Co., Ltd. (*2) (*5)	Asset securitization		—		0.0	Korea	—
Woori HW 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori Dream 3rd Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori SJS 1st Co., Ltd. (*2) (*5)	Asset securitization		—		0.0	Korea	—
SPG the 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori-HWC 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori HC 3rd Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori HC 4th Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori SKR 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori H chemical 1st Co.,Ltd (*2)	Asset securitization		0.0		0.0	Korea	March 31
HE the 1st Co.,Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori Hub The 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori K The 3rd Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori KF 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori L Yongsan 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori HP the 1st co.,Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori KF 2nd Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori HW 2nd co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori HR 2nd Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori QS 2nd Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori Plasma 1st Co., Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Woori EUGENE 1st Co.,Ltd (*2)	Asset securitization		0.0		0.0	Korea	March 31

• 12 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership<br>(%)				Location	Financial<br>statements date
Subsidiaries	Main business	March 31,<br>2026		December 31,<br>2025
WOORIWON 1ST, CO,.LIMITED. (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI ENERBILITY 1ST, CO,.LIMITED. (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI HL 1ST, CO,.LIMITED. (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI PARC1. 2ND CO.,LTD (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI HEROS 1ST CO.,LTD. (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI GANGNAM ALPHA 1ST CO.,LTD. (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI BLOSSOM 1ST CO.,LTD. (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI DK 1ST CO.,LTD. (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI TECHONE 1ST CO.,LTD (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI TECHONE 2ND CO.,LTD (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI SONO 1ST CO.,LTD (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI SEOUL STATION AREA 1ST, CO,.LTD. (*2)	Asset securitization		0.0		0.0	Korea	March 31
WOORI NC 1ST CO.,LTD. (*2)	Asset securitization		0.0		0.0	Korea	March 31
Heungkuk Global Private Placement Investment Trust No. 1 (*3)	Securities investment<br>and others		98.8		98.8	Korea	March 31
AI Partners UK Water Supply Private Placement Investment Trust No.2 (*3)	Securities investment<br>and others		97.3		97.3	Korea	March 31
Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2 (*3)	Securities investment<br>and others		99.0		99.0	Korea	March 31
IGIS Australia Investment Trust No. 209-1<br>(*3)	Securities investment<br>and others		99.4		99.4	Korea	March 31
JB Airline Private Placement Investment Trust No.8 (*3) (*5)	Securities investment<br>and others		—		97.0	Korea	—
Kiwoom Harmony Private Placement Investment Trust No. 1 (*3)	Securities investment<br>and others		97.7		97.7	Korea	March 31
Kiwoom Harmony Private Placement Investment Trust No. 4 (*3)	Securities investment<br>and others		96.2		96.2	Korea	March 31
Kiwoom Harmony Private Placement Investment Trust No. 9 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Partners General Type Private Investment Trust No.4 (*3)	Securities investment<br>and others		99.0		99.0	Korea	March 31
Woori Partners General Type Private Investment Trust No.5 (*3) (*10)	Securities investment<br>and others		99.0		—	Korea	March 31
Principal Guaranteed Trust (*4)	Trust		0.0		0.0	Korea	March 31
Principal and Interest Guaranteed Trust (*4)	Trust		0.0		0.0	Korea	March 31
Held by Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2
MAGI No.5 LuxCo S.a.r.l.	Asset securitization		54.6		54.6	Luxembourg	March 31
Held by MAGI No.5 LuxCo S.a.r.l.
ADP 16 Brussels	Asset securitization		100.0		100.0	Belgium	March 31

• 13 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership<br>(%)				Location	Financial<br>statements date
Subsidiaries	Main business	March 31,<br>2026		December 31,<br>2025
Held by Woori ESG Infrastructure Development General Private Investment Trust No. 1:
Woori Global Infrastructure Development Co., Ltd.	Other financial<br>services		100.0		100.0	Korea	March 31
Namyangju Resource Circulation Facility Development Co., Ltd.	Other professional<br>services		100.0		100.0	Korea	March 31
Held by Woori Card Co., Ltd.
TUTU Finance –WCI Myanmar Co., Ltd.	Finance		100.0		100.0	Myanmar	March 31
PT Woori Finance Indonesia Tbk.	Finance		84.5		84.5	Indonesia	March 31
Woori Card 2022-2 Asset Securitization Specialty Co., Ltd.<br>(*2)	Asset securitization		0.5		0.5	Korea	March 31
Woori Card 2023-1 Asset Securitization Specialty Co., Ltd.<br>(*2)	Asset securitization		0.5		0.5	Korea	March 31
Woori Card 2023-2 Asset Securitization Specialty Co., Ltd.<br>(*2)	Asset securitization		0.5		0.5	Korea	March 31
Woori Card 2024-1 Asset Securitization Specialty Co., Ltd.<br>(*2)	Asset securitization		0.5		0.5	Korea	March 31
Woori Card 2026-1 Asset Securitization Specialty Co., Ltd.<br>(*2) (*10)	Asset securitization		0.5		—	Korea	March 31
Held by Woori Financial Capital Co., Ltd.
Specified Money Market Trust	Trust		100.0		100.0	Korea	March 31
Held by Woori Investment Securities Co., Ltd.
Seari Second Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
Namjong 1st Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
Bukgeum First Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
Bukgeum Second Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WS1909 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WS2003 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WS2006 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WH2103 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WN2103 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WH2106 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WiBee AK 1st Co.,Ltd. (*2)	Asset securitization		0.0		0.0	Korea	March 31
WiBee Sae-A 1st Co., Ltd (*2)	Asset securitization		0.0		0.0	Korea	March 31
WiBee Central 1st Co., Ltd (*2)	Asset securitization		0.0		0.0	Korea	March 31
WiBee Retail 1st Co., Ltd (*2)	Asset securitization		0.0		0.0	Korea	March 31
WiBee Smile AP 1st Co., Ltd (*2)	Asset securitization		0.0		0.0	Korea	March 31
Bridge Beta 1st Co., Ltd (*2)	Asset securitization		0.0		0.0	Korea	March 31
WiBee World 1st Co., Ltd. (*2)(*10)	Asset securitization		0.0		—	Korea	March 31
Balance Beta 1st Co., Ltd. (*2)(*10)	Asset securitization		0.0		—	Korea	March 31
Held by Tongyang Life Insurance Co., Ltd.

• 14 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership<br>(%)				Location	Financial<br>statements date
Subsidiaries	Main business	March 31,<br>2026		December 31,<br>2025
Tongyang Life Financial Service Co., Ltd	Insurance agents and<br>brokers		100.0		100.0	Korea	March 31
Held by ABL Life Insurance Co., Ltd.
ABA Financial Service LLC.	Insurance agents and<br>brokers		100.0		100.0	Korea	March 31
Alceon Real Property Blind General Type Private Placement Investment Trust (*3) (*5)	Securities investment<br>and others		—		100.0	Korea	—
Woori Park Square Payton General Type Private Investment Trust (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Pantheon Metrics General Type Private Investment Trust (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Held by Woori Asset Management Corp.
Woori Rooftop Solar Private Special Asset Investment Trust No.1 (*3)	Securities investment<br>and others		40.1		40.1	Korea	March 31
Woori Following Foreigners Securities Sub-Investment Master<br>Fund [Equity] (*3) (*5)	Securities investment<br>and others		—		100.0	Korea	—
Woori Following Foreigners 40 Securities Sub-Investment<br>Trust [Bond Mixed-Fund of Funds] Class C-F (*3) (*5)	Securities investment<br>and others		—		31.3	Korea	—
Woori Following Foreigners Securities Sub-Investment Trust<br>[Equity] Class C-F (*3)	Securities investment<br>and others		75.8		75.6	Korea	March 31
Woori Together TDF 2060 (*3)(*10)	Securities investment<br>and others		74.2		—	Korea	March 31
Held by Woori Financial F&I Co., Ltd.
WI2203 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WM2203 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WNI2206 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WI2209 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WN2212 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WK2212 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WH2306 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WN2306 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WNKN2309 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WB2309 Securitization Specialty Co., Ltd.(*2)	Asset securitization		5.0		5.0	Korea	March 31
WI2311 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WSB2312 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WK2312 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WBS2312 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WK2403 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31

• 15 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership<br>(%)				Location	Financial<br>statements date
Subsidiaries	Main business	March 31,<br>2026		December 31,<br>2025
WH2403 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WSB2406 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WK2406 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WI2406 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WKN2406 Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WS2409 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WSB2409 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WDSB2503 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WHKN2506 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WK2509 Asset Securitization Specialty Co.,Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WH2509 Asset Securitization Specialty Co.,Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WI2511 Asset Securitization Specialty Co., Ltd. (*2)	Asset securitization		5.0		5.0	Korea	March 31
WH2603 Asset Securitization Specialty Co., Ltd. (*2)(*10)	Asset securitization		5.0		—	Korea	March 31
WI2603 Asset Securitization Specialty Co., Ltd. (*2)(*10)	Asset securitization		5.0		—	Korea	March 31
VOGO DL General Private Equity Investment Trust 1(*3)	Securities investment<br>and others		99.4		99.4	Korea	March 31
WFBS 1st Corporate Recovery Private Equity Fund (*3)	Finance		96.2		96.2	Korea	March 31
Held by Woori Venture Partners Co.,Ltd.
Woori Venture Partners US	Other financial<br>services		100.0		100.0	America	March 31
Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Private Equity Asset Management<br>Co., Ltd. (*6)
Green ESG Growth No.1 Private Equity Fund(*3)	Securities investment<br>and others		32.7		32.7	Korea	March 31
Woori New Growth Credit Fund 1(*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori PE Secondary Fund 1 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Held by Woori Financial Capital Co., Ltd., Woori Private Equity Asset Management Co., Ltd. and<br>Woori Investment Securities Co., Ltd. (*6)
Japanese Hotel Real Estate Private Equity Fund 1 (*3) (*5)	Securities investment<br>and others		—		100.0	Korea	—
Held by Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd., Woori<br>Savings Bank and Woori Private Equity Asset Management Co., Ltd. (*6)
Woori Innovative Growth Professional Investment Type Private Investment Trust No.1 (*3)	Securities investment<br>and others		90.0		90.0	Korea	March 31

• 16 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership<br>(%)				Location	Financial<br>statements date
Subsidiaries	Main business	March 31,<br>2026		December 31,<br>2025
Held by Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd. and<br>Woori Private Equity Asset Management Co., Ltd. (*6)
Woori Innovative Growth Professional Investment Type Private Investment Trust No.2 (*3)	Securities investment<br>and others		85.0		85.0	Korea	March 31
Woori Innovative Growth New Deal Private Investment Trust No.3 (*3)	Securities investment<br>and others		94.3		94.3	Korea	March 31
Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Investment Securities Co., Ltd.<br>(*6)
Woori GP Commitment Loan General Type Private Investment Trust No.1 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Equity Bridge Loan General Type Private Investment Trust No.1 (*3)(*5)	Securities investment<br>and others		—		80.0	Korea	—
Woori GP Commitment Loan General Type Private Investment Trust No.2 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori GP Commitment Loan General Type Private Investment Trust No.3 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Junior Equity General Type Private Investment Trust (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Top-Class Senior and Junior Loan Private Investment<br>Trust (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Top-Class Equity Fund of Funds Private Investment<br>Trust (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori National Growth Matching General Private Investment Trust No.1 (*3) (*10)	Securities investment<br>and others		100.0		—	Korea	March 31
Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Asset Management Corp.<br>(*6)
Woori New Deal(Infrastructure) Policy Fund No.1(*3)	Securities investment<br>and others		70.0		70.0	Korea	March 31
Held by Woori bank and Woori Investment Securities Co., Ltd. (*6)
Woori Global Development Infrastructure Synergy Company Private Placement Investment Trust No.1<br>(*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori NorthAmerica Infra Private Placement Investment Trust No. 1 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Infrastructure New Deal Specialized Investment Private Equity Investment Trust No. 1<br>(*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori General Type Private Real Estate Investment Trust No.2 (*3)	Securities investment<br>and others		30.1		30.1	Korea	March 31
Woori ESG Infrastructure Development General Type Private Investment Trust No.1 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31

• 17 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership<br>(%)				Location	Financial<br>statements date
Subsidiaries	Main business	March 31,<br>2026		December 31,<br>2025
Woori Real Estate Blind Investment General Type Private Investment Trust No.1 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Corporate Private Debt Investment Trust No. 1(*3) (*10)	Securities investment<br>and others		100.0		—	Korea	March 31
Held by Woori bank (*6)
Woori WooriBank Partners General Type Private Investment Trust No.1 (*3)	Securities investment<br>and others		92.6		92.6	Korea	March 31
Woori General Type Private Real Estate Investment Trust No.1 (*3)	Securities investment<br>and others		86.8		86.8	Korea	March 31
Woori Global Mid-market Secondary General Type Private<br>Investment Trust No.1 (*3)	Securities investment<br>and others		80.0		80.0	Korea	March 31
Woori Woori Bank Partners Professional Type Private Investment Trust No. 2 (*3)	Securities investment<br>and others		90.9		90.9	Korea	March 31
Woori General Type Private Real Estate Investment Trust No.5 (*3)	Securities investment<br>and others		87.0		87.0	Korea	March 31
Woori Global Secondary Private Placement Investment Trust No. 1 (*3)	Securities investment<br>and others		98.8		98.8	Korea	March 31
Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 (*3)	Securities investment<br>and others		99.9		99.9	Korea	March 31
Woori Clean Energy General Type Private Investment Trust No.2 (*3) (*5)	Securities investment<br>and others		—		30.8	Korea	—
Woori ESG Infrastructure Development General Type Private Investment Trust No.2 (*3)	Securities investment<br>and others		50.0		50.0	Korea	March 31
Woori Dongbu Underground Expressway General type Private Special Asset Investment Trust<br>(*3)	Securities investment<br>and others		40.0		40.0	Korea	March 31
Woori Partners General Private Investment Trust No. 3 (*3)	Securities investment<br>and others		90.9		90.9	Korea	March 31
Woori Natixis Partnership Global Private Debt Fund No.<br>1-1(USD) (*3)	Securities investment<br>and others		80.0		80.0	Korea	March 31
Woori Natixis Partnership Global Private Debt Fund No.<br>1-2(EUR) (*3)	Securities investment<br>and others		80.0		80.0	Korea	March 31
Woori General Type Private Real Estate Investment Trust No.7 (*3)	Securities investment<br>and others		87.0		87.0	Korea	March 31
Woori Baran-Namyang Expressway Private Special Asset Investment Trust (*3)	Securities investment<br>and others		47.0		47.0	Korea	March 31
Held by Woori Bank and Tongyang Life Insurance Co., Ltd. (*6)
Woori Senior Loan General Type Private Investment Trust No.2 (*3)	Securities investment<br>and others		54.0		54.0	Korea	March 31
Woori Senior Loan General Type Private Investment Trust No.3 (*3)	Securities investment<br>and others		47.3		47.3	Korea	March 31
Held by ABL Life Insurance Co., Ltd. (*6)
Woori MDF V General Type Private Real Estate Investment Trust (*3)	Securities investment<br>and others		50.0		50.0	Korea	March 31

• 18 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership<br>(%)				Location	Financial<br>statements date
Subsidiaries	Main business	March 31,<br>2026		December 31,<br>2025
Woori NewGen Energy ABL Private Investment Trust (*3)	Securities investment<br>and others		33.3		33.3	Korea	March 31
Held by Woori Bank and Woori Financial Capital Co., Ltd. (*6)
Woori Renewable New Deal Fund No.1 (*3)	Securities investment<br>and others		60.0		60.0	Korea	March 31
Woori Equity Investment General Type Private Investment Trust No.1 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Busan Logistics Infra Private Placement Special Asset Investment Trust (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Fund Financing General Type Private Investment Trust (*3)	Securities investment<br>and others		99.3		99.3	Korea	March 31
Held by Woori Bank and Woori Asset Management Corp. (*6)
Woori General Type Private Real Estate Investment Trust No.6 (*3)	Securities investment<br>and others		85.8		85.8	Korea	March 31
Woori Innovation Growth(Infrastructure) General Type Private Investment Trust No.2 (*3)	Securities investment<br>and others		46.4		46.4	Korea	March 31
Held by Woori bank, Woori Investment Securities Co., Ltd., and Woori Asset Management Corp.<br>(*6)
Woori Real Estate Financial Stabilization General Private Investment Trust No. 1 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori Real Estate Financial Stabilization General Private Investment Trust No. 2 (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Held by Woori Bank, Woori Card Co., Woori Investment Securities Co., Ltd. and Woori Financial<br>Capital Co., Ltd. (*6)
Woori FG Digital Investment Fund 1st (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori FG DINNO Lab Fund 1st (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Woori FG DINNO Lab Fund 2nd (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Held by Woori Bank, Woori Card Co., Woori Investment Securities Co., Ltd., Tongyang Life Insurance<br>Co., Ltd. and Woori Financial Capital Co., Ltd. (*6)
Woori FG DINNO Lab Fund 3rd (*3) (*10)	Securities investment<br>and others		100.0		—	Korea	March 31
Held by Woori Bank, Woori Financial Capital Co., Ltd. and Tongyang Life Insurance Co., Ltd.<br>(*6)
Woori Senior Loan Private Placement Investment Trust No.1 (*3)	Securities investment<br>and others		32.0		32.0	Korea	March 31

• 19 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership<br>(%)				Location	Financial<br>statements date
Subsidiaries	Main business	March 31,<br>2026		December 31,<br>2025
Held by Woori Bank, Woori Card Co., Woori Financial Capital Co., Ltd., Woori Investment Securities<br>Co., Ltd., Tongyang Life Insurance Co., Ltd., ABL Life Insurance Co., Ltd. and Woori Asset Management Co., Ltd. (*6)
Woori Future Co-Growth High-tech Strategic Industries<br>Private Investment Trust (*3)	Securities investment<br>and others		100.0		100.0	Korea	March 31
Held by Woori Bank and Woori Private Equity Asset Management Co., Ltd. (*6)
Woori Corporate Turnaround No.1 Private Equity Fund (*3)	Securities investment<br>and others		35.3		35.3	Korea	March 31
Held by Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1<br>(*6)
Woori Private Placement Investment Trust No. 3 (*3)(*8)	Securities investment<br>and others		76.5		76.5	Korea	March 31
Held by Woori Private Placement Investment Trust No. 3
GK Woorido(*3)	Other financial<br>services		100.0		100.0	Japan	December 31<br>(*9)
(*1)	On January 5 and March 13, 2026, the Parent Company acquired the remaining shares (0.1%) of Woori<br>Investment Securities Co., Ltd., thereby making Woori Investment Securities Co., Ltd. a wholly owned subsidiary of the Parent Company. In 2025, the Parent Company acquired 77.9% of the shares (excluding treasury shares; 75.3% including treasury<br>shares) of Tongyang Life Insurance Co., Ltd. and 100% of the shares of ABL Life Insurance Co., Ltd., thereby including them as subsidiaries.
---	---
(*2)	The entity is a structured entity for the purpose of asset securitization. Although the Group is not a majority<br>shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.
---	---
(*3)	The entity is a structured entity for the purpose of investment in securities. Although the Group is not a<br>majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.
---	---
(*4)	The entity is a ‘money trust’ under the Financial Investment Services and Capital Markets Act.<br>Although the Group is not a majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.<br>
---	---
(*5)	Companies are excluded from the consolidation as of March 31, 2026.
---	---
(*6)	Determined that the Group controls the investees, considering the Group 1) has the power over the investee, 2)<br>is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns, by two or more subsidiaries’ investment or operation.
---	---
(*7)	The Russia – Ukraine conflict has been escalated in February 2022, and international sanctions were<br>imposed on Russia. Due to the sanctions, the Group may experience situations such as a decrease in value of financial assets or operating assets owned by the Group regarding the conflict, an increase in receivable payment terms, limitation to<br>transfer funds, decrease in the profit. As of March 31, 2026, the Group expects such conflict and sanctions would have financial impacts on the business of AO Woori Bank, one of the subsidiaries, in the future. However, the Group cannot<br>reasonably predict the financial impacts.
---	---
(*8)	As a master-feeder fund, it is the percentage of the feeder fund’s ownership in the master fund.<br>
---	---
(*9)	As the financial statements for the end of the reporting period were not available, the most recent financial<br>statements available as of the reporting date were used.
---	---
(*10)	Companies are included in the consolidation during the period ended March 31, 2026.
---	---

• 20 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3)	The Group has not consolidated the following entities as of March 31, 2026 and December 31, 2025<br>despite having more than 50% ownership interest:
---	---	---	---	---	---
Subsidiaries		Main Business		Percentage of<br>ownership (%)
Mirae Asset Maps Clean Water Private Equity Investment Trust 7th (*1)	Korea		Securities Investment		59.7
Kiwoom Yonsei Private Equity Investment Trust (*1)	Korea		Securities Investment		88.9
IGIS Europe Private Placement Real Estate Fund<br>No. 163-2 (*2)	Korea		Securities Investment		97.8
IGIS Global Private Placement Real Estate Fund<br>No. 148-1 (*1)	Korea		Securities Investment		75.0
IGIS Global Private Placement Real Estate Fund<br>No. 148-2 (*1)	Korea		Securities Investment		75.0
Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (*1)	Korea		Securities Investment		66.7
Hangang Blue Water Private Placement Special Asset Investment Trust (*1)	Korea		Securities Investment		55.6
Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (*1)	Korea		Securities Investment		55.2
Midas Global Private Placement Real Estate Investment Trust<br>No. 7-2 (*1)	Korea		Securities Investment		58.3
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs] (*3)	Korea		Securities Investment		100.0
INMARK France Private Placement Investment Trust<br>No. 18-1 (*1)	Korea		Securities Investment		93.8
Kiwoom Vibrato Private Placement Investment Trust 1-W()<br>(*2)	Korea		Securities Investment		99.5
KOTAM Global Infra Private Fund 1-4 (*2)	Korea		Securities Investment		99.7
UBSHana Class 1 Special Asset Investment Trust 3 Class C 2 (*1)	Korea		Securities Investment		51.0
Consus GyeongJu Green Specialized Private Special Asset Investment Trust 1 (*1)	Korea		Securities Investment		50.0
Kiwoom Harmony Private Placement Investment Trust No. 3 (*1)	Korea		Securities Investment		77.3
Kiwoom Aurora Geneal Type Private Placement Investment Trust No. 2 (*1)	Korea		Securities Investment		60.0
NH-Amundi WSCP VIII Private Fund 2 (*1)	Korea		Securities Investment		65.2
AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust No. 2<br>(*2)	Korea		Securities Investment		100.0
Hangang new deal infra BTL fund 4 (HNBF4) (*1)	Korea		Securities Investment		60.0
IGIS Global Private Placement Real Estate Fund<br>No. 316-1(*2)	Korea		Securities Investment		99.3
INMARK Spain Private Placement Real Estate Investment Trust<br>No. 26-2 (*2)	Korea		Securities Investment		97.7
Woori Asset Global Partnership Fund No.5(*4)	Korea		Securities Investment		57.7
Kiwoom Harmony Private Placement Investment Trust No. 6 (*1)	Korea		Securities Investment		76.9
Project Chile PMGD Solar (*2)	Korea		Securities Investment		75.2
NH-Amundi BXD Private Fund 2[FoF] (*2)	Korea		Securities Investment		77.8
Hangang Green Environment Private Placement Special Asset Investment Trust (*1)	Korea		Securities Investment		50.0
KB Social Infra BTL private placement Special Asset Investment Trust(*1)	Korea		Securities Investment		78.7
KIAMCO Daejang Hongdaeseon Private Special Asset Investment Trust (*1)	Korea		Securities Investment		76.6
KB Nongsok Sewage Treatment Facility Private Special Asset Investment Trust (*1)	Korea		Securities Investment		80.0
Pacific No.70 General Private Real Estate Investment Trust (*1)	Korea		Securities Investment		53.8
Rifa Qualified Investors Private Real Estate Investment Trust No.40 (*2)	Korea		Securities Investment		55.0
Alceon Australia Alternative General Private Investment Trust No.1 (*2)	Korea		Securities Investment		100.0
KB NA Sound Point Private Special Asset Fund 3(*2)	Korea		Securities Investment		100.0
Alceon Australia RDS General Type Private Placement Investment Trust 1(*2)	Korea		Securities Investment		100.0
NH-Amundi Transport Infra Private Fund No. 1<br>(*2)	Korea		Securities Investment		100.0
Hanwha Global Infrastructure Private Fund 39 (*2)	Korea		Securities Investment		100.0
Alceon Dorchester Credit Secondary General Type Private Placement Investment Trust (*2)	Korea		Securities Investment		100.0
Alceon PRISM Global Credit Secondary General Type Private Placement Investment Trust (*2)	Korea		Securities Investment		100.0
Alceon Australia Alternative General Private Investment Trust No.2 (*2)	Korea		Securities Investment		99.9
Alceon Digital Infrastructure General Type Private Placement Investment Trust (*2)	Korea		Securities Investment		99.9
IGIS Global Secondary Private Investment Trust<br>No. 504-1 (*2)	Korea		Securities Investment		99.9
Alceon Park Square Europe Private Credit General Type Private Placement Investment Trust<br>(*2)	Korea		Securities Investment		99.9
Alpha Private Debt Blind General Private Investment Trust (*2)	Korea		Securities Investment		99.8
Alceon SOF III General Type Private Placement Investment Trust (*2)	Korea		Securities Investment		99.9
IGIS European Private Placement Real Estate Investment Trust<br>No. 521-1 (*2)	Korea		Securities Investment		99.7
IGIS European Private Placement Real Estate Investment Trust<br>No. 521-2 (*2)	Korea		Securities Investment		99.7
NH-Amundi Europe Direct Lending Private Fund No. 4<br>(*2)	Korea		Securities Investment		99.5
Koramco Europe Infra Private Special Asset Investment Trust No. 1 (*2)	Korea		Securities Investment		99.0
Koramco Global Infra Private Special Asset Investment Trust No. 1 (*2)	Korea		Securities Investment		99.0

All values are in Euros.

• 21 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	As of March 31, 2026
Subsidiaries	Location		Main Business		Percentage of<br>ownership (%)
Koramco Global Private Credit Private Special Asset Investment Trust<br>No. 1-1 (*2)		Korea		Securities Investment		99.0
Kiwoom ASM Private Investment Trust[FoFs] (*2)		Korea		Securities Investment		98.1
KEB Hana Bank as trustee of Hyundai Investments Private Fund No.41 (*2)		Korea		Securities Investment		55.6
IBK SeAH Solar Power Generation Private Securities Investment Fund(SOC) (*1)		Korea		Securities Investment		50.0
Koramco PRISM Real Estate Debt Blind Private Real Estate Investment Trust (*2)		Korea		Securities Investment		99.9
Koramco Global Private Credit Private Special Asset Investment Trust<br>No. 1-2 (*2)		Korea		Securities Investment		99.0
Kiwoom PRISM General Private Investment Trust (*2)		Korea		Securities Investment		99.9
Kookmin Bank acting as Trustee of Kiwoom Andante Private Investment Trust (*2)		Korea		Securities Investment		99.8
Kookmin Bank Acting as Trustee of Kiwoom Moderato Private Securities Investment Trust I<br>(*2)		Korea		Securities Investment		99.7
Kiwoom Europe Infra A.I. Private Type Investment Trust III (*2)		Korea		Securities Investment		99.8
Kiwoom Global Infra A.I. Private Type Investment Trust II (*2)		Korea		Securities Investment		98.8
Kookmin Bank acting as Trustee of Kiwoom AGPS Private Investment Trust (*2)		Korea		Securities Investment		99.9
Kiwoom Europe Infra A.I. Private Type Investment Trust IX (*2)		Korea		Securities Investment		98.1
Alceon Real Infrastructure Blind General Type Private Placement Investment Trust (*2)		Korea		Securities Investment		100.0
Hanwha Global Infrastructure Private Fund 31 (*2)		Korea		Securities Investment		98.4
IGIS U.S. Private Placement Real Estate Investment Trust<br>No. 469-1 (*2)		Korea		Securities Investment		99.6
IGIS U.S. Private Placement Real Estate Investment Trust<br>No. 469-2 (*2)		Korea		Securities Investment		99.6
Alceon Australia RDS General Type Private Placement Investment Trust 2 (*2)		Korea		Securities Investment		99.9
Alceon Australia RDS General Type Private Placement Investment Trust 3 (*2)		Korea		Securities Investment		99.3
KB NB Private Investment Trust No. 4 (*2)		Korea		Securities Investment		57.1
KB Sound Point Strategic Private Special Asset Fund 1 (*2)		Korea		Securities Investment		99.9
Alceon Real Property Blind General Type Private Placement Investment Trust(*2)		Korea		Securities Investment		100.0
Woori PE APA Private Investment Trust (*2)		Korea		Securities Investment		99.8
AP K-Beauty Investment Fund 1 (*5)		Korea		Securities Investment		68.2
Renaissance KOSDAQ Venture Beauty Privately Placed Fund (*1)		Korea		Securities Investment		89.0
Hanwha Abu Dhabi Gas Infrastructure General Private Special Asset Investment Trust No.1<br>(*1)		Korea		Securities Investment		62.2
(*1)	The Group does not have power over the discretionary fund because the fund manager has the sole authority to<br>decide the relevant activities of the investee. The fund manager’s delegated power is exercised not only for the Group, but also for other investors as well. The Group does not have the power over the fund’s activities even though it<br>holds more than 50% of ownership interest.
---	---
(*2)	The Group does not have power over the fund of funds because the Group cannot decide the relevant activities of<br>the fund through the related contract. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.
---	---
(*3)	The Group does not have power over the stock market stabilization fund as the fund’s relevant activities<br>are determined by the management committee, over which the Group does not have substantial control. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.
---	---
(*4)	In this fund, one of the parties holds substantive removal rights and can remove the collective investment<br>business operator. Consequently, the Group has no controls as it exercises decision-making rights as agent.
---	---
(*5)	Decision-making authority over investment-related activities of the investment partnership is vested in the<br>general partner, and the Group cannot directly or indirectly determine the relevant activities of the partnership. In addition, the authority of the general partner cannot be regarded as being exercised solely for the benefit of the Group.<br>Therefore, even if the Group holds a majority ownership interest, it does not have power over the relevant activities of the partnership and, accordingly, does not have control over the partnership.
---	---

• 22 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Subsidiaries		Main Business		Percentage of<br>ownership (%)
Mirae Asset Maps Clean Water Private Equity Investment Trust 7th (*1)	Korea		Securities Investment		59.7
Kiwoom Yonsei Private Equity Investment Trust (*1)	Korea		Securities Investment		88.9
IGIS Europe Private Placement Real Estate Fund<br>No. 163-2 (*2)	Korea		Securities Investment		97.8
IGIS Global Private Placement Real Estate Fund<br>No. 148-1 (*1)	Korea		Securities Investment		75.0
IGIS Global Private Placement Real Estate Fund<br>No. 148-2 (*1)	Korea		Securities Investment		75.0
Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (*1)	Korea		Securities Investment		66.7
Hangang Blue Water Private Placement Special Asset Investment Trust (*1)	Korea		Securities Investment		55.6
Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (*1)	Korea		Securities Investment		55.2
Midas Global Private Placement Real Estate Investment Trust<br>No. 7-2 (*1)	Korea		Securities Investment		58.3
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs] (*3)	Korea		Securities Investment		100.0
INMARK France Private Placement Investment Trust<br>No. 18-1 (*1)	Korea		Securities Investment		93.8
Kiwoom Vibrato Private Placement Investment Trust 1-W()<br>(*2)	Korea		Securities Investment		99.5
KOTAM Global Infra Private Fund 1-4 (*2)	Korea		Securities Investment		99.7
UBSHana Class 1 Special Asset Investment Trust 3 Class C 2 (*1)	Korea		Securities Investment		51.0
Consus GyeongJu Green Specialized Private Special Asset Investment Trust 1 (*1)	Korea		Securities Investment		50.0
Kiwoom Harmony Private Placement Investment Trust No. 3 (*1)	Korea		Securities Investment		77.3
Kiwoom Aurora Geneal Type Private Placement Investment Trust No. 2 (*1)	Korea		Securities Investment		60.0
NH-Amundi WSCP VIII Private Fund 2 (*1)	Korea		Securities Investment		65.2
AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust No. 2<br>(*2)	Korea		Securities Investment		100.0
Hangang new deal infra BTL fund 4 (HNBF4) (*1)	Korea		Securities Investment		60.0
IGIS Global Private Placement Real Estate Fund<br>No. 316-1(*2)	Korea		Securities Investment		99.3
INMARK Spain Private Placement Real Estate Investment Trust<br>No. 26-2 (*2)	Korea		Securities Investment		97.7
Woori Asset Global Partnership Fund No.5(*4)	Korea		Securities Investment		57.7
Kiwoom Harmony Private Placement Investment Trust No. 6 (*1)	Korea		Securities Investment		76.9
Project Chile PMGD Solar (*2)	Korea		Securities Investment		75.2
NH-Amundi BXD Private Fund 2[FoF] (*2)	Korea		Securities Investment		77.8
Rifa Qualified Investors Private Real Estate Investment Trust No.40 (*2)	Korea		Securities Investment		55.0
Hangang Green Environment Private Placement Special Asset Investment Trust (*1)	Korea		Securities Investment		50.0
KB Nongsok Sewage Treatment Facility Private Special Asset Investment Trust (*1)	Korea		Securities Investment		80.0
KIAMCO Daejang Hongdaeseon Private Special Asset Investment Trust (*1)	Korea		Securities Investment		76.6
Renaissance KOSDAQ Venture Beauty Privately Placed Fund (*1)	Korea		Securities Investment		88.9
KIAMCO Siwha Jeongwang Logistics Development Private Real Estate Investment Trust No.1<br>(*2)	Korea		Securities Investment		50.0
Dabi Hana Inje Gwan-sa BTL Private Special Asset Investment Trust (*2)	Korea		Securities Investment		50.0
Alceon Australia Alternative General Private Investment Trust No.1 (*2)	Korea		Securities Investment		100.0
KB NA Sound Point Private Special Asset Fund 3(*2)	Korea		Securities Investment		100.0
Alceon Australia RDS General Type Private Placement Investment Trust 1(*2)	Korea		Securities Investment		100.0
NH-Amundi Transport Infra Private Fund No. 1<br>(*2)	Korea		Securities Investment		100.0
Hanwha Global Infrastructure Private Fund 39 (*2)	Korea		Securities Investment		100.0
Alceon Dorchester Credit Secondary General Type Private Placement Investment Trust (*2)	Korea		Securities Investment		100.0
Alceon PRISM Global Credit Secondary General Type Private Placement Investment Trust (*2)	Korea		Securities Investment		99.9
Alceon Australia Alternative General Private Investment Trust No.2 (*2)	Korea		Securities Investment		99.9
Alceon Digital Infrastructure General Type Private Placement Investment Trust (*2)	Korea		Securities Investment		99.9
IGIS Global Secondary Private Investment Trust<br>No. 504-1 (*2)	Korea		Securities Investment		99.9
Alceon Park Square Europe Private Credit General Type Private Placement Investment Trust<br>(*2)	Korea		Securities Investment		99.9
Alpha Private Debt Blind General Private Investment Trust (*2)	Korea		Securities Investment		99.8
Alceon SOF III General Type Private Placement Investment Trust (*2)	Korea		Securities Investment		99.8
IGIS European Private Placement Real Estate Investment Trust<br>No. 521-1 (*2)	Korea		Securities Investment		99.7
IGIS European Private Placement Real Estate Investment Trust<br>No. 521-2 (*2)	Korea		Securities Investment		99.7

All values are in Euros.

• 23 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	As of December 31, 2025
Subsidiaries	Location		Main Business		Percentage of<br>ownership (%)
NH-Amundi Europe Direct Lending Private Fund No. 4<br>(*2)		Korea		Securities Investment		99.5
Koramco Europe Infra Private Special Asset Investment Trust No. 1 (*2)		Korea		Securities Investment		99.0
Koramco Global Infra Private Special Asset Investment Trust No. 1 (*2)		Korea		Securities Investment		99.0
Koramco Global Private Credit Private Special Asset Investment Trust<br>No. 1-1 (*2)		Korea		Securities Investment		99.0
Kiwoom ASM Private Investment Trust[FoFs] (*2)		Korea		Securities Investment		98.1
KEB Hana Bank as trustee of Hyundai Investments Private Fund No.41 (*2)		Korea		Securities Investment		55.6
IBK SeAH Solar Power Generation Private Securities Investment Fund(SOC) (*2)		Korea		Securities Investment		50.0
Koramco PRISM Real Estate Debt Blind Private Real Estate Investment Trust (*2)		Korea		Securities Investment		99.9
Koramco Global Private Credit Private Special Asset Investment Trust<br>No. 1-2 (*2)		Korea		Securities Investment		99.0
Kiwoom PRISM General Private Investment Trust (*2)		Korea		Securities Investment		99.9
Kookmin Bank acting as Trustee of Kiwoom Andante Private Investment Trust (*2)		Korea		Securities Investment		99.8
Kookmin Bank Acting as Trustee of Kiwoom Moderato Private Securities Investment Trust I<br>(*2)		Korea		Securities Investment		99.7
Kiwoom Europe Infra A.I. Private Type Investment Trust III (*2)		Korea		Securities Investment		99.8
Kiwoom Global Infra A.I. Private Type Investment Trust II (*2)		Korea		Securities Investment		98.8
Kookmin Bank acting as Trustee of Kiwoom AGPS Private Investment Trust (*2)		Korea		Securities Investment		99.9
Kiwoom Europe Infra A.I. Private Type Investment Trust IX (*2)		Korea		Securities Investment		98.1
Alceon Real Infrastructure Blind General Type Private Placement Investment Trust (*2)		Korea		Securities Investment		100.0
Hanwha Global Infrastructure Private Fund 31 (*2)		Korea		Securities Investment		98.4
IGIS U.S. Private Placement Real Estate Investment Trust<br>No. 469-1 (*2)		Korea		Securities Investment		99.6
IGIS U.S. Private Placement Real Estate Investment Trust<br>No. 469-2 (*2)		Korea		Securities Investment		99.6
Alceon Australia RDS General Type Private Placement Investment Trust 2 (*2)		Korea		Securities Investment		50.5
Alceon Australia RDS General Type Private Placement Investment Trust 3 (*2)		Korea		Securities Investment		99.3
KB NB Private Investment Trust No. 4 (*2)		Korea		Securities Investment		57.1
Pacific No.70 General Private Real Estate Investment Trust (*1)		Korea		Securities Investment		53.8
Hanwha Abu Dhabi Gas Infrastructure General Private Special Asset Investment Trust No.1<br>(*1)		Korea		Securities Investment		62.2
(*1)	The Group does not have power over the discretionary fund because the fund manager has the sole authority to<br>decide the relevant activities of the investee. The fund manager’s delegated power is exercised not only for the Group, but also for other investors as well. The Group does not have the power over the fund’s activities even though it<br>holds more than 50% of ownership interest.
---	---
(*2)	The Group does not have power over the fund of funds because the Group cannot decide the relevant activities of<br>the fund through the related contract. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.
---	---
(*3)	The Group does not have power over the stock market stabilization fund as the fund’s relevant activities<br>are determined by the management committee, over which the Group does not have substantial control. The Group does not have the power over the fund’s activities even though it holds more than 50% of ownership interest.
---	---
(*4)	In this fund, one of the parties holds substantive removal rights and can remove the collective investment<br>business operator. Consequently, the Group has no controls as it exercises decision-making rights as agent.
---	---

• 24 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4)	The summarized financial information of the major subsidiaries is as follows. The financial information of each<br>subsidiary was prepared on the basis of consolidated financial statements. (Unit: Korean Won in millions):
	As of March 31, 2026				For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---
Subsidiaries	Assets		Liabilities		Operating<br>revenue		Net<br>income(loss)<br>attributable<br>to owners			Comprehensive<br>income(loss)<br>attributable to<br>owners
Woori Bank		513,322,091		482,643,164		12,001,481		530,867			2,194,994
Tongyang Life Insurance Co., Ltd.		34,599,677		32,232,451		1,093,547		42,828			273,509
Woori Card Co., Ltd.		17,393,814		14,473,231		616,976		44,559			60,942
Woori Financial Capital Co., Ltd.		12,680,221		10,835,082		481,476		39,752			39,312
Woori Investment Securities Co., Ltd.		10,740,879		9,516,294		182,934		14,041			22,955
ABL Life Insurance Co., Ltd.		19,364,363		18,582,393		875,891		12,130			100,593
Woori Asset Trust Co., Ltd.		307,922		63,911		16,422		4,535			4,657
Woori Savings Bank		2,107,376		1,894,765		33,095		4,775			4,775
Woori Financial F&I Co., Ltd.		1,374,108		1,036,695		16,335		(3,658	)		(3,658	)
Woori Asset Management Corp.		204,423		23,117		19,577		7,567			7,600
Woori Venture Partners Co., Ltd.		387,585		34,154		14,928		4,498			4,742
Woori Private Equity Asset Management Co., Ltd.		110,476		7,817		3,898		2,949			2,817
Woori Credit Information Co., Ltd.		42,414		5,244		8,614		(444	)		(444	)
Woori Fund Service Co., Ltd.		33,695		2,546		4,836		1,208			1,208
Woori FIS Co., Ltd.		53,123		6,733		50,738		(129	)		(149	)
Woori Finance Research Institute Co., Ltd.		6,905		3,366		2,288		(372	)		(380	)
	As of December 31, 2025				For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---	---	---
Subsidiaries	Assets		Liabilities		Operating<br>revenue		Net<br>income(loss)<br>attributable<br>to owners			Comprehensive<br>income(loss)<br>attributable to<br>owners
Woori Bank		502,846,197		473,158,744		8,462,289		634,112			606,775
Tongyang Life Insurance Co., Ltd. (*)		35,444,959		33,351,243		—		—			—
Woori Card Co., Ltd.		17,512,741		14,620,417		551,393		32,823			24,997
Woori Financial Capital Co., Ltd.		12,361,366		10,523,678		463,087		30,629			30,590
Woori Investment Securities Co., Ltd.		9,706,286		8,504,657		112,651		1,288			3,888
ABL Life Insurance Co., Ltd. (*)		19,609,549		18,928,173		—		—			—
Woori Asset Trust Co., Ltd.		302,661		63,308		21,773		(13,809	)		(13,835	)
Woori Savings Bank		2,061,407		1,853,571		33,838		3,664			3,895
Woori Financial F&I Co., Ltd.		1,271,613		930,542		22,907		3,248			3,248
Woori Asset Management Corp.		204,188		24,860		15,915		3,848			3,892
Woori Venture Partners Co., Ltd.		382,040		28,151		4,728		(25	)		(35	)
Woori Private Equity Asset Management Co., Ltd.		106,003		6,161		2,809		358			417
Woori Credit Information Co., Ltd.		45,455		7,581		9,145		(591	)		(591	)
Woori Fund Service Co., Ltd.		33,882		2,665		4,391		953			953
Woori FIS Co., Ltd.		52,554		6,015		47,654		(607	)		(612	)
Woori Finance Research Institute Co., Ltd.		7,469		3,550		2,185		(284	)		(290	)

(*) Additional investment occurred and added it as a consolidated subsidiary during the year ended December 31, 2025.

(5)	The financial support that the Group provides to consolidated structured entities is as follows:<br>
-	Structured entity for asset securitization
---	---

The structured entity which is established for the purpose of securitization of project financing loans, corporate bonds, and other financial assets. The Group is involved with the structured entity through provision of credit facility over asset-backed commercial papers issued by the entity, originating loans directly to the structured entity, or purchasing 100% of the subordinated debts issued by the structured entity.

• 25 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

-	Structured entity for the investments in securities

The structured entity is established for the purpose of investments in securities. The Group acquires beneficiary certificates through its contribution of funding to the structured entity by the Group, and it is exposed to the risk that it may not be able to recover its fund depending on the result of investment performance of asset managers of the structured entity.

-	Money trust under the Financial Investment Services and Capital Markets Act

The Group provides with financial guarantee of principal and interest or solely principal to some of its trust products. Due to the financial guarantees, the Group may be obliged when the principal and interest or principal of the trust product sold is short of the guaranteed amount depending on the result of investment performance of the trust product.

As of March 31, 2026 and December 31, 2025, the Group provides 2,416,318 million Won and 2,429,099 million Won of credit facilities, respectively, for the structured entities mentioned above. As of March 31, 2026 and December 31, 2025, the purchase commitment amounts to 4,447,873 million Won and 3,638,934 million Won, respectively.

• 26 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6)	As of March 31, 2026 and December 31, 2025, the share of<br>non-controlling interests on the net income and equity of subsidiaries in which non-controlling interests are significant are as follows: (Unit: Korean Won in millions):<br>
1)	Accumulated non-controlling interests at the end of the reporting<br>period
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Woori Bank (*1)		1,406,512		1,406,512
Tongyang Life Insurance Co., Ltd.		366,361		305,892
Woori Investment Securities Co., Ltd. (*2)		—		1,386
PT Bank Woori Saudara Indonesia 1906 Tbk		85,128		89,767
Wealth Development Bank		22,668		22,292
PT Woori Finance Indonesia Tbk.		16,984		15,446

(*1) Hybrid securities issued by Woori Bank

(*2) Additional minority interests were acquired, resulting in the entity becoming a wholly owned subsidiary during the three-month period ended March 31, 2026.

2)	Net income attributable to non-controlling interests<br>
	For the three-month<br>periods ended<br>March 31
---	---	---	---	---	---	---
	2026			2025
Woori Bank (*)		34,326			36,457
Tongyang Life Insurance Co., Ltd.		9,478			—
Woori Investment Securities Co., Ltd.		4			6
Woori Asset Trust Co., Ltd.		—			(57	)
PT Bank Woori Saudara Indonesia 1906 Tbk		(8,957	)		1,248
Wealth Development Bank		(118	)		(151	)
PT Woori Finance Indonesia Tbk.		375			353
(*)	Distribution of the hybrid securities issued by Woori Bank
---	---
3)	Dividends to non-controlling interests
---	---
	For the three-month<br>periods ended<br>March 31
---	---	---	---	---
	2026		2025
Woori Bank (*)		34,326		36,457
PT Bank Woori Saudara Indonesia 1906 Tbk		—		983
Others		7		9
(*)	Distribution of the hybrid securities issued by Woori Bank
---	---

• 27 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2.	BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES

The accompanying consolidated interim financial statements have been condensed, restructured and translated into English from the Korean language financial statements. The Group’s condensed consolidated interim financial statements are condensed interim financial statements prepared in applying International Financial Reporting Standards as adopted by the Republic of Korea (“K-IFRS”) 1034 Interim Finance Reporting for some periods in which the annual consolidated financial statements belong. It is necessary to use the Group’s annual consolidated financial statements for the year ended December 31, 2025 for understanding of the accompanying condensed consolidated interim financial statements. The accompanying condensed consolidated interim financial statements contain less information compared to the information required in the annual financial statements. Selective footnotes include explanations of transactions or events that are significant for understanding the changes in the financial position and performance of the Group since the end of the previous annual reporting period.

(1)	From the accounting period beginning on January 1, 2026, the Group has newly applied the following<br>standards and interpretations.
1)	Amendments to Korean IFRS 1109 Financial Instruments, Korean IFRS 1107 Financial Instruments: Disclosures<br>
---	---

Korean IFRS 1109 Financial Instruments and Korean IFRS 1107 Financial Instruments: Disclosures have been amended to respond to recent questions arising in practice, and to include new requirements. The amendments should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The amendments do not have a significant impact on the financial statements.

•	clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception<br>for some financial liabilities settled through an electronic cash transfer system;
•	clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal<br>and interest (SPPI) criterion;
---	---
•	add new disclosures of impact on the entity and the extent to which the entity is exposed for each type of<br>financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and
---	---
•	update the disclosures for equity instruments designated at fair value through other comprehensive income<br>(FVOCI).
---	---

• 28

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2)	Annual Improvements to Korean IFRS

Annual Improvements to Korean IFRS should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The amendments do not have a significant impact on the consolidated financial statements.

•	Korean IFRS 1101 First-time Adoption of International Financial Reporting Standards: Hedge accounting by a<br>first-time adopter
•	Korean IFRS 1107 Financial Instruments: Disclosures: Gain or loss on derecognition and implementation guidance<br>
---	---
•	Korean IFRS 1109 Financial Instruments: Derecognition of lease liabilities and definition of transaction price<br>
---	---
•	Korean IFRS 1110 Consolidated Financial Statements: Determination of a ‘de facto agent’<br>
---	---
•	Korean IFRS 1007 Statement of Cash Flows: Cost method
---	---
3)	Amendments to K-IFRS 1109 ‘Financial Instruments’ and K-IFRS 1107 ‘Financial Instruments: Disclosures—Contracts Referencing Nature-dependent Electricity’
---	---

Contracts referencing nature-dependent electricity are defined contracts that expose an entity to variability in the underlying amount of electricity because the source of electricity generation depends on uncontrollable natural conditions (for example, the weather). The amendments clarify that ‘contracts to buy or sell such electricity’ are assessed for eligibility under the own-use exemption. In addition, the amendments modify hedge accounting requirements by allowing an entity to designate as the hedged item a variable nominal amount of forecast electricity transactions that reflect the nature-dependent variability of electricity and introduce additional disclosure requirements. The amendments do not have a significant impact on the financial statements.

(2)	The details of K-IFRS that have been issued and published as of<br>January 1, 2026 but have not yet reached the effective date, and which the Group has not applied at an earlier date are as follows:
1)	Issuance of K-IFRS No. 1118, Presentation and Disclosure inFinancial Statements
---	---

K-IFRS No. 1118, ‘Presentation andDisclosure in Financial Statements,’ replaces K-IFRS No. 1001, ‘Presentation of Financial Statements’. The new standard introduces revised presentation requirements that are expected to enhance the comparability of financial performance among similar entities, particularly with respect to the definition of operating profit or loss.

If the Group prepares its financial statements in accordance with K-IFRS No. 1118, certain significant differences from the current financial statements are expected to arise. The key accounting policies that are expected to result in such differences are described below. These matters do not represent all differences that may arise in the future and are subject to change based on further analysis.

•	Changes in the Presentation of Statement of Profit or Loss

K-IFRS No. 1118 requires all income and expenses included in the statement of profit or loss to be classified into one of five categories: operating, investing, financing, income tax, and discontinued operations. Under this standard, all income and expenses that are not classified as investing, financing, income tax, or discontinued operations are classified as operating, and operating profit or loss is defined as a residual measure of profit or loss.

• 29 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

To classify income and expenses into categories, the Group is required to assess its main business activities. If the Group’s main business activities include investing in certain types of assets or providing financing to customers, income and expenses that would otherwise have been classified as investing or financing activities are classified as operating activities when such activities constitute the Group’s main business activities.

As a result, operating profit or loss under K-IFRS No. 1118 differs significantly from operating profit or loss under the current K-IFRS No. 1001, which is defined as operating revenue less operating expenses. K-IFRS No. 1118 requires operating profit or loss calculated in accordance with K-IFRS No. 1001 to be disclosed in the Notes, along with a reconciliation between operating profit or loss under K-IFRS No. 1118 and that under K-IFRS No. 1001.

In addition, K-IFRS No. 1118 requires the presentation in the statement of profit or loss of:

-	“Operating profit or loss,” comprising all income and expenses classified within the operating<br>category;
-	“Profit or loss before financing and income tax,” comprising operating profit or loss and all<br>income and expenses classified within the investing category; and
---	---
-	“Profit or loss for the period.”
---	---

However, when the Group’s main business activity is providing financing to customers, the presentation of “profit or loss before financing and income tax” may not be applicable, depending on the accounting policy elected.

•	Introduction of Disclosures of Management-Defined Performance Measures

K-IFRS No. 1118 introduces new disclosure requirements for management-defined performance measures. These measures are defined as subtotals of income and expenses that are not listed in paragraph 118 of K-IFRS No. 1118 and are not explicitly required to be presented or disclosed by IFRS Accounting Standards. Management-defined performance measures are used by entities in public communications separately from the financial statements to communicate management’s view of the entity’s financial performance to users of the financial statements.

When management-defined performance measures are presented, the entity is required to disclose the reasons for using such measures, the basis of their calculation, a reconciliation to the most directly comparable subtotal specified in K-IFRS No. 1118, the income tax effects of each reconciling item, and the effects on non-controlling interests.

•	Changes in the Classification of Cash Flows

As a result of the issuance of K-IFRS No. 1118, certain amendments have been made to K-IFRS No. 1007, Statement of Cash Flows. Under these amendments, the starting point for determining cash flows from operating activities using the indirect method has been changed from profit or loss for the period to operating profit or loss. In addition, the accounting policy option regarding the classification of interest and dividend-related cash flows has been eliminated.

• 30 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

K-IFRS No. 1118 is effective for annual reporting periods beginning on or after January 1, 2027, with early application permitted. In accordance with K-IFRS No. 1008, Accounting Policies, Changes in Accounting Estimates and Errors, the standard is required to be applied retrospectively. Accordingly, comparative information for the financial year ended December 31, 2026 will be restated in accordance with K-IFRS No. 1118. Amendments to K-IFRS No. 1007 and K-IFRS No. 1033 arising from the issuance of K-IFRS No. 1118, as well as the amended K-IFRSs No. 1008 and No. 1107, will be effective at the time K-IFRS No. 1118 is applied.

•	Assessment of Significant Impacts

K-IFRS No. 1118 has not been applied by the Group, as its mandatory effective date has not yet been reached. The Group will present its first interim financial statements in accordance with K-IFRS No. 1118 for the period ending March 31, 2027. Based on information available as of March 31, 2026, the Group is performing a preliminary assessment of the potential impact of the adoption of K-IFRS No. 1118.

(3)	Material accounting policies and method of computation used in the preparation of the interim financial<br>statements are consistent with those of the annual financial statements for the year ended December 31, 2025, except as described below.
i)	Income Tax Expense
---	---

Income tax expense for an interim period is calculated by applying the income tax rate expected to be applicable to the estimated total annual profit, that is, the estimated average annual effective income tax rate, to the profit before tax for the interim period.

ii)	Application of the Revaluation Model to Land Classified as premises and equipment

The Group changed its accounting policy for the subsequent measurement of land classified as premises and equipment from the historical cost model to the revaluation model, effective from the current interim period, having assessed that the revaluation model provides more reliable and relevant information regarding the fair value of land.

In accordance with K-IFRS No. 1016, Property, Plant and Equipment, the accounting policy of revaluing assets is not applied retrospectively when first adopted. Accordingly, the Group did not restate the comparative financial statements for the prior period.

Land is measured at fair value based on valuations performed by an independent external appraiser. Revaluations are performed with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the end of the reporting period. Land is carried at the revalued amount, being its fair value at the date of revaluation less any subsequent accumulated impairment losses.

• 31 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

If the carrying amount of an asset is increased as a result of a revaluation, the increase is recognized in other comprehensive income and accumulated in equity under revaluation surplus, net of deferred tax. However, the increase is recognized in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognized in profit or loss.

If the carrying amount of an asset is decreased as a result of a revaluation, the decrease is recognized in profit or loss. However, the decrease is recognized in other comprehensive income to the extent of any credit balance existing in the revaluation surplus in respect of that asset. The revaluation surplus related to land recognized in equity is transferred to retained earnings when the asset is derecognized.

a)	The carrying amount of land measured under the revaluation model and the carrying amount that would have been<br>recognized under the cost model as of March 31, 2026, are as follows (Unit: Korean Won in millions):
	March 31, 2026
---	---	---	---	---
	Revaluation Model		Cost Model
Land		4,248,414		1,779,909

As of the current period ended March 31, 2026, the revaluation date of land is March 31, 2026, and its fair value was determined based on valuations performed by an independent external appraisal firm.

b)	During the current period ended March 31, 2026, other comprehensive income of 2,474,567 million Won<br>(before income tax effect of 678,089 million Won) was recognized due to revaluation of land. The revaluation surplus (other comprehensive income) from the revaluation of land is not included in distributable profits under the Korean Commercial<br>Act.
c)	The fair value hierarchy of land as of March 31, 2026, are as follows (Unit: Korean Won in millions):<br>
---	---
	March 31, 2026
---	---	---	---	---	---	---	---	---
	Stage 1		Stage 2		Stage 3		Total
Land		—		—		4,248,414		4,248,414
d)	Valuation methods of Land measured at fair value and classified into Level 3 and significant but unobservable<br>inputs as of March 31, 2026 is as follows:
---	---
Fair value measurement Technique<br><br><br>Type	Significant but unobservable<br><br><br>input variable	Impact of changes in significant<br><br><br>unobservable inputs on fair value<br><br><br>measurement
---	---	---
Officially announced land price approach	Time adjustment factor (fluctuation rate of land price), Individual factor adjustment, etc.	Positive(+) correlation
Sales comparison approach	Individual factor adjustment, Time adjustment factor (fluctuation rate of land price), Return of capital, etc.
Income capitalization approach	Reasonable rent and maintenance fee
	Vacancy rate, Operating expense ratio, Exit cap rate	Negative(-) correlation

• 32 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

3.	MATERIAL ACCOUNTING ESTIMATES AND ASSUMPTIONS

Material accounting estimates and assumptions are continuously evaluated based on a number of factors, including historical experience and expectations of future events that are considered reasonably probable. Accounting estimates calculated based on these definitions may not match actual results.

In preparing interim financial statements, management must apply accounting policies and make judgments, estimates and assumptions that affect assets/liabilities and income/expenses. Therefore, actual results may differ from these estimates.

The significant judgments made by management in applying the accounting policies and key sources of estimation uncertainty for the preparation of interim financial statements are consistent with those made for the annual consolidated financial statements for the year ended December 31, 2025, except for the estimation method used to determine income tax expense, “and the application of the revaluation model for property, plant and equipment.”

• 33 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

4.	RISK MANAGEMENT

The Group is exposed to various risks that may arise from its operating activities and the main types of risks are credit risk, market risk, liquidity risk and etc. The Risk Management Organization analyzes and assesses the level of complex risks in order to manage the risks and the risk management standards such as policies, regulations, management systems and decision-making have been established and operated for sound management of the Group.

The risk management organization is operated by the Board Risk Management Committee, Chief Risk Officer (CRO), and Risk Management Department. The Board of Directors operates a Risk Management Committee comprised of outside directors for professional risk management. The Board Risk Management Committee plays a role as the top decision-making body in risk management by establishing basic policies for risk management that are in line with the Group’s management strategy and determining the risk level that the Group is willing to take.

The Chief Risk Officer (CRO) assists the Board Risk Management Committee and operates a Group Risk Management Council comprised of risk management managers of subsidiaries to periodically check and improve the risk burden of external environments and the Group. The risk management department is independent and is in charge of risk management of the Group. It also supports reporting and decision-making of key risk-related issues.

(1)	Credit risk

Credit risk represents the possibility of financial losses incurred due to the refusal of the transaction or when the counterparty fails to fulfill its contractual obligations. The goal of credit risk management is to maintain the Group’s credit risk exposure to a permissible degree and to optimize its rate of return considering such credit risk.

1)	Credit risk management

To measure credit risk, the Group considers the possibility of failure in performing the obligation by the counterparties, credit exposure to the counterparty, the related default risk and the rate of default loss. The Group uses the credit rating model to assess the possibility of counterparty’s default risk; and when assessing the obligor’s credit rating, other than quantitative methods utilizing financial statements and others, and assessor’s judgement, the Group utilizes credit rating derived using statistical methods.

In order to manage credit risk limit, the Group establishes the appropriate credit line per obligor, company or industry by monitoring obligor’s credit line, total exposures and loan portfolios when approving the loan.

• 34 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2)	Measurement of expected credit loss

K-IFRS 1109 requires entities to measure loss allowance equal to 12-month expected credit losses or lifetime expected credit losses after classifying financial assets into one of the three stages, depending on the degree of increase in credit risk since their initial recognition.

Classification	Stage 1	Stage 2	Stage 3
Definition	No significant increase in credit risk after initial recognition (*)	Significant increase in credit risk after initial recognition	Credit-<br>impaired
Loss<br> <br>allowance	12-month expected credit losses	Lifetime expected credit losses
	Expected credit losses that result from those default events on the<br>financial instrument that are possible within 12 months after the reporting date	Expected credit losses that result from all possible<br>default events over the life of the financial instrument
(*)	If the financial instrument has low credit risk at the end of the reporting period, the Group may assume that<br>the credit risk has not increased significantly since initial recognition.
---	---

At the end of each reporting period the Group assesses whether credit risk has significantly increased since the date of initial recognition. The Group assesses whether the credit risk has increased significantly since initial recognition by using credit rating, asset quality level, early warning system, days past due and others. For financial assets whose contractual cash flows have been modified, the Group assesses whether there is a significant increase in credit risk on the same basis.

The Group performs the below assessment to both corporate and retail exposures, and indicators of significant increase in credit risk are as follows:

Corporate Exposures	Retail Exposures
Asset quality level ‘Precautionary’ or lower	Asset quality level ‘Precautionary’ or lower
More than 30 days past due	More than 30 days past due
‘Warning’ level in early warning system	Significant decrease in credit rating
Debtor experiencing financial difficulties (Capital impairment, Adverse opinion or Disclaimer of opinion by external auditors)	Deferment of repayment of principal and interest
Significant decrease in credit rating	Deferment of interest
Deferment of repayment of principal and interest
Deferment of interest

The Group concludes that credit is impaired when financial assets are under conditions stated below:

-	When principal and interest of loan is overdue for 90 days or longer due to significant deterioration in credit<br>
-	For loans overdue for less than 90 days, when it is determined that not even a portion of the loan will be<br>recovered unless claim actions such as disposal of collaterals are taken
---	---
-	When other objective indicators of impairment have been noted for the financial asset.
---	---

The Group also incorporates forward looking into the estimates of default rates and loss given default. Considering the potential for latent insolvency due to increased internal and external economic uncertainties, the Group adjusts the forward looking to additionally recognize expected credit loss allowance.

The Group has estimated the allowance for credit losses using an estimation model that additionally reflects the forward looking information based on the past experience loss rate data.

• 35 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Loss allowance is calculated by applying PD (Probability of Default) and LGD (Loss Given Default) estimated for each financial asset in consideration of factors such as obligor type, credit rating and portfolio. The estimates are regularly reviewed in order to reduce discrepancies with actual losses.

In measuring the expected credit losses, the Group is also using reasonable and supportable macroeconomic variables such as real GDP growth rate (real, original series), manufacturing capacity utilization rate, apartment sales price index (KB, Seoul), and unemployment rate (original series) in order to forecast future economic conditions.

The Group applies a future economic situation estimation model as follows, and the results are reviewed regularly.

3)	Maximum exposure

The Group’s maximum exposure to credit risk shows the uncertainties related to the maximum possible variation of financial assets’ net value as a result of changes in the specific risk factors, prior to the consideration of collaterals that are recorded at net carrying amount after allowances and other credit enhancements. However, the maximum exposure is the fair value amount (recorded on the books) for derivatives, maximum contractual obligation for payment guarantees and unused amount of commitments for loan commitment.

The maximum exposure to credit risk as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

		March 31,<br>2026		December 31,<br>2025
Loans and other financial assets at amortized cost	Korean treasury and government agencies		1,067,328		538,314
	Banks		28,712,809		23,189,957
	Corporates		190,079,765		188,753,434
	Consumers		204,383,764		200,014,078
	Sub-total		424,243,666		412,495,783
Financial assets at FVTPL (*2)	Deposits		303,916		261,470
	Debt securities		9,771,484		9,552,081
	Loans		810,540		1,126,446
	Derivative assets		8,343,712		5,774,203
	Others		281,832		156,134
	Sub-total		19,511,484		16,870,334
Financial assets at FVTOCI	Debt securities and others		80,059,451		82,071,637
Securities at amortized cost	Debt securities		18,767,880		18,707,459
Derivative assets	Derivative assets (Designated for hedging)		150,822		217,180
Off-balance accounts	Payment guarantees (*3)		17,738,164		16,070,098
	Loan commitments		137,516,914		134,286,067
	Sub-total		155,255,078		150,356,165
	Total (*1)		697,988,381		680,718,558
(*1)	Cash and cash equivalents are not included.
---	---
(*2)	Puttable financial instruments are not included.
---	---
(*3)	As of March 31, 2026 and December 31, 2025, the financial guarantee amount of 5,367,797 million<br>Won and 5,032,808million Won are included, respectively.
---	---

• 36 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

a)	Credit risk exposure by geographical areas

The following tables analyze credit risk exposure by geographical areas (Unit: Korean Won in millions):

	March 31, 2026
	Korea		China		USA		UK		Japan		Others (*)		Total
Loans and other financial assets at amortized cost		391,150,902		6,274,079		6,929,451		815,005		1,325,379		17,748,850		424,243,666
Securities at amortized cost		17,896,465		92,498		650,331		—		—		128,586		18,767,880
Financial assets at FVTPL		16,215,958		189		1,201,742		736,890		222,262		1,134,443		19,511,484
Financial assets at FVTOCI		67,367,658		1,126,063		5,260,986		866,670		736,632		4,701,442		80,059,451
Derivative assets (Designated for hedging)		145,599		—		2,916		—		2,307		—		150,822
Off-balance accounts		147,680,670		1,107,979		1,474,181		410,927		51,936		4,529,385		155,255,078
Total		640,457,252		8,600,808		15,519,607		2,829,492		2,338,516		28,242,706		697,988,381
(*)	Others consist of financial assets in Indonesia, Hong Kong, Germany, Australia, and other countries.<br>
---	---
	December 31, 2025
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Korea		China		USA		UK		Japan		Others (*)		Total
Loans and other financial assets at amortized cost		381,895,446		5,455,324		6,700,018		775,262		1,266,134		16,403,599		412,495,783
Securities at amortized cost		17,720,610		55,390		779,676		—		—		151,783		18,707,459
Financial assets at FVTPL		14,030,387		32		1,151,755		502,905		277,765		907,490		16,870,334
Financial assets at FVTOCI		70,443,271		1,102,112		4,752,496		400,316		591,861		4,781,581		82,071,637
Derivative assets (Designated for hedging)		180,170		—		30,719		—		6,291		—		217,180
Off-balance accounts		142,669,598		1,069,795		1,439,439		756,252		35,333		4,385,748		150,356,165
Total		626,939,482		7,682,653		14,854,103		2,434,735		2,177,384		26,630,201		680,718,558
(*)	Others consist of financial assets in Indonesia, Hong Kong, Germany, Australia, and other countries.<br>
---	---

• 37 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

b)	Credit risk exposure by industries

The following tables analyze credit risk exposure by industries, which are service, manufacturing, finance and insurance, construction, individuals and others in accordance with the Korea Standard Industrial Classification Code as of March 31, 2026 and December 31, 2025 (Unit: Korean Won in millions):

	March 31, 2026
	Service		Manufacturing		Finance and<br>insurance		Construction		Individuals		Others		Total
Loans and other financial assets at amortized cost		88,905,339		53,665,489		47,254,273		5,784,119		200,787,691		27,846,755		424,243,666
Securities at amortized cost		109,885		—		8,164,057		39,969		—		10,453,969		18,767,880
Financial assets at FVTPL		569,530		849,332		12,059,497		129,038		17		5,904,070		19,511,484
Financial assets at FVTOCI		550,986		1,449,171		36,327,076		797,504		—		40,934,714		80,059,451
Derivative assets (Designated for hedging)		—		—		150,822		—		—		—		150,822
Off-balance accounts		25,626,386		28,491,944		14,332,404		3,395,201		73,925,677		9,483,466		155,255,078
Total		115,762,126		84,455,936		118,288,129		10,145,831		274,713,385		94,622,974		697,988,381
	December 31, 2025
	Service		Manufacturing		Finance and<br>insurance		Construction		Individuals		Others		Total
Loans and other financial assets at amortized cost		88,350,901		52,551,867		40,292,287		5,754,395		196,402,459		29,143,874		412,495,783
Securities at amortized cost		89,611		—		8,009,336		39,968		—		10,568,544		18,707,459
Financial assets at FVTPL		498,155		677,238		9,126,225		145,149		100		6,423,467		16,870,334
Financial assets at FVTOCI		388,717		1,308,907		39,468,777		867,980		—		40,037,256		82,071,637
Derivative assets (Designated for hedging)		—		—		217,180		—		—		—		217,180
Off-balance accounts		24,121,840		25,922,599		14,542,861		3,533,170		73,040,583		9,195,112		150,356,165
Total		113,449,224		80,460,611		111,656,666		10,340,662		269,443,142		95,368,253		680,718,558

• 38 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

4)	Credit risk exposure
a)	Financial assets
---	---

The maximum exposure to credit risk by asset quality, except for financial assets at FVTPL and derivative asset (designated for hedging) as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

	March 31, 2026
	Stage 1				Stage 2
	Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited credit<br>rating<br>(*2)		Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited credit<br>rating<br>(*2)		Stage 3		Credit<br>impairment<br>model		Total		Loss<br>allowance			Total, net
Loans and other financial assets at amortized cost		364,365,294		32,562,793		13,989,579		12,092,964		3,763,923		1,219,408		427,993,961		(3,750,295	)		424,243,666
Korean treasury and government agencies		1,067,830		—		—		—		—		—		1,067,830		(502	)		1,067,328
Banks		28,277,129		466,985		126		—		—		—		28,744,240		(31,431	)		28,712,809
Corporates		155,997,252		25,594,916		3,107,106		4,601,535		1,731,630		1,219,408		192,251,847		(2,172,082	)		190,079,765
General business		110,384,283		16,297,675		2,336,760		3,074,591		1,096,202		—		133,189,511		(1,472,802	)		131,716,709
Small- and medium-sized enterprise		30,626,435		8,461,206		539,806		1,395,292		339,245		—		41,361,984		(422,025	)		40,939,959
Project financing and others		14,986,534		836,035		230,540		131,652		296,183		1,219,408		17,700,352		(277,255	)		17,423,097
Consumers		179,023,083		6,500,892		10,882,347		7,491,429		2,032,293		—		205,930,044		(1,546,280	)		204,383,764
Securities at amortized cost		18,778,922		—		—		—		—		—		18,778,922		(11,042	)		18,767,880
Financial assets at FVTOCI (*3)		79,885,922		173,529		—		—		—		—		80,059,451		(28,932	)		80,059,451
Total		463,030,138		32,736,322		13,989,579		12,092,964		3,763,923		1,219,408		526,832,334		(3,790,269	)		523,070,997
	March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Collateral value
	Stage 1		Stage 2		Stage 3		Credit<br>impairment<br>model		Total
Loans and other financial assets at amortized cost		248,613,004		22,254,935		1,312,938		1,201,804		273,382,681
Korean treasury and government agencies		127,483		—		—		—		127,483
Banks		2,045,886		—		—		—		2,045,886
Corporates		104,600,058		6,566,928		763,547		1,201,804		113,132,337
General business		62,206,545		4,673,284		479,149		—		67,358,978
Small- and medium-sized enterprise		30,608,113		1,559,608		147,348		—		32,315,069
Project financing and others		11,785,400		334,036		137,050		1,201,804		13,458,290
Consumers		141,839,577		15,688,007		549,391		—		158,076,975
Securities at amortized cost		—		—		—		—		—
Financial assets at FVTOCI (*3)		—		—		—		—		—
Total		248,613,004		22,254,935		1,312,938		1,201,804		273,382,681
(*1)	Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.
---	---
(*2)	Credit grade of corporates are BBB- ~ C, and consumers are grades 7 ~<br>10.
---	---
(*3)	Financial assets at FVTOCI have been disclosed as the amount before deducting loss allowance because loss<br>allowance does not reduce the carrying amount.
---	---

• 39 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	December 31, 2025
	Stage 1				Stage 2
	Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited credit<br>rating<br>(*2)		Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited credit<br>rating<br>(*2)		Stage 3		Credit<br>impairment<br>model		Total		Loss<br>allowance			Total, net
Loans and other financial assets at amortized cost		354,069,178		30,632,768		13,842,896		12,837,364		3,564,522		1,137,650		416,084,378		(3,588,595	)		412,495,783
Korean treasury and government agencies		539,215		—		—		—		—		—		539,215		(901	)		538,314
Banks		22,832,170		380,843		—		—		—		—		23,213,013		(23,056	)		23,189,957
Corporates		155,984,903		23,571,082		3,177,635		5,395,186		1,733,385		1,137,650		190,999,841		(2,246,407	)		188,753,434
General business		107,006,628		14,727,532		2,404,812		3,754,332		1,102,892		—		128,996,196		(1,518,049	)		127,478,147
Small- and medium-sized enterprise		33,828,252		8,118,497		542,006		1,469,338		368,686		—		44,326,779		(456,931	)		43,869,848
Project financing and others		15,150,023		725,053		230,817		171,516		261,807		1,137,650		17,676,866		(271,427	)		17,405,439
Consumers		174,712,890		6,680,843		10,665,261		7,442,178		1,831,137		—		201,332,309		(1,318,231	)		200,014,078
Securities at amortized cost		18,718,526		—		—		—		—		—		18,718,526		(11,067	)		18,707,459
Financial assets at FVTOCI (*3)		81,911,940		159,697		—		—		—		—		82,071,637		(29,204	)		82,071,637
Total		454,699,644		30,792,465		13,842,896		12,837,364		3,564,522		1,137,650		516,874,541		(3,628,866	)		513,274,879
	December 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Collateral value
	Stage 1		Stage 2		Stage 3		Credit<br>impairment<br>model		Total
Loans and other financial assets at amortized cost		242,664,753		22,382,806		1,219,109		1,128,343		267,395,011
Korean treasury and government agencies		103,817		—		—		—		103,817
Banks		1,815,479		—		—		—		1,815,479
Corporates		99,471,630		7,066,546		720,305		1,128,343		108,386,824
General business		61,218,056		5,128,816		516,966		—		66,863,838
Small- and medium-sized enterprise		26,662,910		1,594,623		142,383		—		28,399,916
Project financing and others		11,590,664		343,107		60,956		1,128,343		13,123,070
Consumers		141,273,827		15,316,260		498,804		—		157,088,891
Securities at amortized cost		—		—		—		—		—
Financial assets at FVTOCI (*3)		—		—		—		—		—
Total		242,664,753		22,382,806		1,219,109		1,128,343		267,395,011
(*1)	Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.
---	---
(*2)	Credit grade of corporates are BBB- ~ C, and consumers are grades 7 ~<br>10.
---	---
(*3)	Financial assets at FVTOCI has been disclosed as the amount before deducting loss allowance because loss<br>allowance does not reduce the carrying amount.
---	---

• 40 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

b)	Payment Guarantees and commitments

The credit quality of the payment guarantees and loan commitments as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

	March 31, 2026
Financial assets	Stage 1				Stage 2				Stage 3		Total
	Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited credit<br>rating<br>(*2)		Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited<br>credit rating<br>(*2)
Off-balance accounts:
Payment Guarantees		16,789,937		798,275		61,752		69,460		18,740		17,738,164
Loan Commitments		130,584,989		3,775,914		2,708,524		413,639		33,848		137,516,914
Total		147,374,926		4,574,189		2,770,276		483,099		52,588		155,255,078
(*1)	Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.
---	---
(*2)	Credit grade of corporate are BBB- ~ C, and consumers are grades 7 ~<br>10.
---	---
	December 31, 2025
---	---	---	---	---	---	---	---	---	---	---	---	---
Financial assets	Stage 1				Stage 2				Stage3		Total
	Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited credit<br>rating<br>(*2)		Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited<br>credit rating<br>(*2)
Off-balance accounts:
Payment guarantees		15,186,145		776,039		18,603		66,204		23,107		16,070,098
Loan commitments		127,446,436		3,821,389		2,461,016		521,696		35,530		134,286,067
Total		142,632,581		4,597,428		2,479,619		587,900		58,637		150,356,165
(*1)	Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.
---	---
(*2)	Credit grade of corporate are BBB- ~ C, and consumers are grades 7 ~<br>10.
---	---
5)	Collateral and other credit enhancements
---	---

For the three-month period ended March 31, 2026, there have been no significant changes in the value of collateral or other credit enhancements held by the Group and there have been no significant changes in collateral or other credit enhancements due to changes in the collateral policy of the Group.

• 41 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Market risk

Market risk is the possible risk of loss arising from trading position and non-trading position as a result of the volatility of market factors such as interest rates, stock prices and foreign exchange rates.

1)	Market risk management

Market risk management refers to the process of making and implementing decisions for the avoidance, acceptance or mitigation of risks by identifying the underlying source of the risks, measuring its level, and evaluating the appropriateness of the level of accepted market risks for both trading and non-trading activities.

a)	Trading activities

The Group uses the standard approach and internal model approach (Woori Bank) in measuring market risk for trading positions, and allocates market risk capital through the Board Risk Management Committee. Risk management departments of the Group and its subsidiaries manage limits in detail including those on risk and loss with their management result regularly reported to the Board Risk Management Committee.

Subsidiaries such as Woori Bank manage market internal capital limits using the Basel III standard approach, and other subsidiaries manage market risks by applying the simple method.

The Basel III standard approach consists of a sensitivity method that measures linear and nonlinear losses that may occur due to unfavorable fluctuations in market risk factors, default risks that may occur due to sudden default, and residual risk-bearing equity capital for other losses.

b)	Non-trading activities

From the end of 2019 for the Bank and the beginning of 2021 for non-banking subsidiaries, the Bank and its subsidiaries manage and measure interest risk for non-trading activities through ΔNII (Change in Net Interest Income) and ΔEVE (Change in Economic Value of Equity) in accordance with IRRBB (Interest Rate Risk in the Banking Book).

ΔNII represents a change in net interest income that may occur over a certain period (e.g. one year) due to changes in interest rates, and ΔEVE indicates the economic value changes in equity capital that could be caused by changes in interest rates affecting the present value of asset, liabilities, and off-balance accounts.

• 42 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3)	Liquidity risk

Liquidity risk refers to the risk that the Group may encounter difficulties in meeting obligations from its financial liabilities.

1)	Liquidity risk management

Liquidity risk management is to prevent potential cash shortages as a result of mismatching maturity of assets and liabilities or unexpected cash outflows. The consolidated financial liabilities that are relevant to liquidity risk are incorporated within the scope of risk management.

Assets and liabilities are grouped by account under Asset Liability Management (“ALM”) in accordance with the characteristics of the account. The Group manages liquidity risk by identifying the maturity gap and such gap ratio through various cash flows analysis (i.e. based on remaining maturity and contract period, etc.), while maintaining the gap ratio at or below the target limit.

The information on early repayment related to asset securitization is described in Note 34. Contingent Liabilities and Commitments (4) 3).

2)	Maturity analysis of non-derivative financial liabilities<br>

Cash flows of principals and interests by remaining contractual maturities of non-derivative financial liabilities as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

	March 31, 2026
	Within 3<br>months		4 to 6<br>months		7 to 9<br>months		10 to 12<br>months		1 to 5<br>years		Over 5<br>years		Total
Financial liabilities at FVTPL		407,699		102,922		112,104		454,094		242,387		—		1,319,206
Deposits due to customers		234,799,020		41,407,378		47,642,522		33,576,325		19,915,425		1,173,299		378,513,969
Borrowings		17,438,104		4,916,948		3,885,423		3,946,867		4,711,143		509,506		35,407,991
Debentures		4,813,477		4,748,325		4,639,096		5,511,519		33,534,856		4,221,026		57,468,299
Lease liabilities		63,182		57,647		51,463		46,118		355,007		43,864		617,281
Other financial liabilities (*)		38,848,473		208,835		47,589		38,898		1,380,584		3,585,965		44,110,344
Investment contract liabilities		3,647,189		—		—		—		—		—		3,647,189
Total		300,017,144		51,442,055		56,378,197		43,573,821		60,139,402		9,533,660		521,084,279
	December 31, 2025
	Within 3<br>months		4 to 6<br>months		7 to 9<br>months		10 to 12<br>months		1 to 5<br>years		Over 5<br>years		Total
Financial liabilities at FVTPL		456,606		103,174		131,181		310,111		324,118		17,501		1,342,691
Deposits due to customers		239,003,957		43,936,717		31,733,945		47,843,702		18,670,748		1,212,186		382,401,255
Borrowings		18,209,601		4,676,557		3,879,109		3,202,042		3,881,934		518,214		34,367,457
Debentures		7,015,353		3,594,266		4,732,824		4,586,030		35,650,614		4,127,981		59,707,068
Lease liabilities		66,838		55,213		50,236		43,549		357,379		44,575		617,790
Other financial liabilities(*)		24,614,468		194,968		35,049		47,917		1,103,857		3,849,974		29,846,233
Investment contract liabilities		3,702,780		—		—		—		—		—		3,702,780
Total		293,069,603		52,560,895		40,562,344		56,033,351		59,988,650		9,770,431		511,985,274
(*)	Lease liabilities are not included.
---	---

• 43 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

3)	Maturity analysis of derivative financial liabilities

Derivatives held for trading purpose are not managed in accordance with their contractual maturity, since the Group holds such financial instruments with the purpose of disposing or redemption before their maturity. As such, those derivatives are incorporated as “within 3 months” in the table below. Derivatives designated for hedging purpose are estimated by offsetting cash inflows and cash outflows.

The cash flow by the maturity of derivative financial liabilities as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

		Remaining maturity
		Within 3<br>months		4 to 6<br>months		7 to 9<br>months		10 to 12<br>months			1 to 5<br>years		Over 5<br>years			Total
March 31, 2026	Cash flow risk hedge		880,491		115,920		760,926		36,301			1,113,650		62,659			2,969,947
	Fair value risk hedge		51,449		26,094		41,021		(12,993	)		78,579		(36,931	)		147,219
	Trading purpose		7,473,900		—		—		—			—		—			7,473,900
December 31, 2025	Cash flow risk hedge		245,304		721,902		69,178		691,883			608,819		35,265			2,372,351
	Fair value risk hedge		8,927		24,385		15,933		20,814			38,364		(10,613	)		97,810
	Trading purpose		5,129,664		—		—		—			—		—			5,129,664
4)	Maturity analysis of off-balance accounts (Payment guarantees,<br>commitments, and etc.)
---	---

A payment guarantee represents an irrevocable undertaking that the Group should meet a customer’s obligations to third parties if the customer fails to do so. The loan commitment represents the limit if the Group has promised a credit to the customer. Loan commitments include commercial standby facilities and credit lines, liquidity facilities to commercial paper conduits and utilized overdraft facilities. The maximum limit to be paid by the Group in accordance with guarantees and loan commitment only applies to principal amounts. There are contractual maturities for payment guarantees, such as financial guarantees for debentures issued or loans, unused loan commitments, and other credits, however, under the terms of the guarantees and unused loan commitments, funds should be paid upon demand from the counterparty. Details of off-balance accounts as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):

	March 31, 2026		December 31, 2025
Payment guarantees		17,738,164		16,070,098
Loan commitments		137,516,914		134,286,067
Other commitments		6,706,752		5,806,012
(4)	Operational risk
---	---

The Group defines the operational risk that could cause a negative effect on capital resulting from inadequate internal process, people and systematic problem or external factors.

1)	Operational risk management

The Group has established and operated a group operational risk management system to cope with new Basel III global regulations, which is implemented since 2023, and the management of operational risks follows the procedures for risk recognition, evaluation, measurement, monitoring and reporting, risk control and mitigation.

2)	Operational risk measurement

The Group measures operational risk capital using the Basel III standardized approach. This approach calculates the required operational risk capital by multiplying the Business Indicator Component (BIC), which represents the scale of operations, with the Internal Loss Multiplier (ILM), which reflects the magnitude of actual historical internal losses relative to the scale of operations.

• 44 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Operational risk limits are set with the approval of the Board Risk Management Committee. The Group regularly calculates the operational risk capital and reports any limit breaches to the management and the Board Risk Management Committee.

Since a reduction in the size of internal loss events leads to a decrease in operational risk capital, it is important to prevent loss events in advance. Accordingly, the Group conducts operational risk management activities using tools such as Risk Control Self-Assessment (RCSA), Key Risk Indicators (KRI), and loss data. Additionally, to ensure continuity of operations in emergency situations such as disasters, the major subsidiaries have established a Business Continuity Plan (BCP) and conducts annual simulation drills.

5.	OPERATING SEGMENTS

In evaluating the results of the Group and allocating resources, the Group’s Chief Operating Decision Maker (“CODM”) utilizes the method of disclosing the financial information of the segments based on the organization of the Group. This financial information of the segments in this note is regularly reviewed by the CODM.

(1)	Segment by type of organization

The Group’s reporting segments consist of banking, insurance, credit card, capital, investment securities and other sectors, and the composition of such reporting segments was divided based on internal report data periodically reviewed by the management to evaluate the performance of the segment and make decisions on the resources to be distributed.

	Operational scope
Banking	Loans/deposits and relevant services for customers of Woori Bank
Insurance	Contracting and maintenance of insurance policies, payment of insurance benefits, provision of life insurance-related services, and accompanying business for customers of Tongyang Life Insurance Co., Ltd. and ABL Life Insurance Co.,<br>Ltd.
Credit card	Credit card, cash services, card loans and accompanying business of Woori Card Co., Ltd.
Capital	Installments, loans including lease financing, and accompanying business of Woori Financial Capital Co., Ltd.
Investment securities	Securities operation, sale of financial instruments, project financing and other related activities for investment securities of Woori Investment Securities Co., Ltd.
Others	Woori Financial Group Inc., Woori Asset Trust Co., Ltd., Woori Savings Bank., Woori Asset Management Corp., Ltd., Woori Financial F&I Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori Private<br>Equity Asset Management Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute and Woori Venture Partners Co., Ltd.

• 45 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	The composition of each organization’s sectors for the three-month periods ended March 31, 2026 and<br>2025 are as follows (Unit: Korean Won in millions):
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Banking (*1)			Life<br>Insurance			Credit<br>card			Capital			Investment<br>securities			Others (*2)			Sub-total			Other<br>adjustments<br>(*3)			Internal<br>adjustments<br>(*4)			Consolidated<br>Adjustments<br>(*5)			Total
Net interest income		1,780,201			(64,890	)		193,540			51,929			28,717			6,171			1,995,668			35,992			266,165			5,328			2,303,153
Non-interest income (expense)		437,766			164,125			42,307			57,815			41,368			1,334,104			2,077,485			3,199			(263,437	)		(1,362,654	)		454,593
Impairment losses due to credit loss		(365,659	)		(8,867	)		(100,422	)		(33,985	)		(8,637	)		(7,271	)		(524,841	)		(858	)		(2,745	)		1,662			(526,782	)
General and administrative expense		(1,188,382	)		(24,060	)		(79,775	)		(25,103	)		(44,802	)		(112,608	)		(1,474,730	)		(148	)		—			52,069			(1,422,809	)
Net operating income (expense)		663,926			66,308			55,650			50,656			16,646			1,220,396			2,073,582			38,185			(17	)		(1,303,595	)		808,155
Share of gain of associates		10,055			2,256			—			(360	)		(55	)		1,300			13,196			—			—			15,567			28,763
Other non-operating expense		7,639			4,577			(285	)		(8	)		(20	)		1,863			13,766			473			17			(2,982	)		11,274
Non-operating income (expense)		17,694			6,833			(285	)		(368	)		(75	)		3,163			26,962			473			17			12,585			40,037
Net income (expense) before tax		681,620			73,141			55,365			50,288			16,571			1,223,559			2,100,544			38,658			—			(1,291,010	)		848,192
Tax expense		(159,822	)		(18,184	)		(10,430	)		(10,537	)		(2,530	)		(7,688	)		(209,191	)		—			—			432			(208,759	)
Net income (loss)		521,798			54,957			44,935			39,751			14,041			1,215,871			1,891,353			38,658			—			(1,290,578	)		639,433
Total assets		513,322,091			53,964,040			17,393,814			12,680,221			10,740,879			33,181,142			641,282,187			3,945,846			—			(32,642,733	)		612,585,300
Investment in associate		833,202			5,710			—			30,199			8,860			25,932,245			26,810,216			—			—			(25,010,758	)		1,799,458
Other assets		512,488,889			53,958,330			17,393,814			12,650,022			10,732,019			7,248,897			614,471,971			3,945,846			—			(7,631,975	)		610,785,842
Total liabilities		482,643,164			50,814,844			14,473,231			10,835,082			9,516,294			7,191,198			575,473,813			74,308			—			(2,869,129	)		572,678,992
(*1)	The banking sector includes banks and their consolidated subsidiaries (such as overseas subsidiaries).<br>
---	---
(*2)	Other segments include gains and losses from Woori Financial Group Inc., Woori Asset Trust Co., Ltd., Woori<br>Savings Bank, Woori Asset Management Corp., Woori Financial F&I Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori Private Equity Asset Management Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute<br>and Woori Venture Partners Co., Ltd.
---	---
(*3)	Other adjustments include the funds subject to Group’s consolidation not included in the reporting<br>segment.
---	---
(*4)	Internal reconciliation includes the adjustment of deposit insurance premiums of 126,607 million Won and<br>fund contribution fees of 139,984 million Won from net interest income expenses to non-interest income expenses in order to present the profit and loss adjustment between reporting divisions in accordance<br>with management accounting standards as profit and loss in accordance with accounting standards.
---	---
(*5)	Consolidation adjustments include the elimination of 40,423 million Won of internal transactions between<br>Woori FIS Co., Ltd., the group’s IT service agency, and affiliates, and the removal of 1,243,373 million Won of dividends received by the holding company from its subsidiaries.
---	---

• 46 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

				For the three-month period ended March 31, 2025
	Banking(*1)			Credit<br>card			Capital			Investment<br>securities			Others (*2)			Sub-total			Other<br>adjustments<br>(*3)			Internal<br>adjustments<br>(*4)			Consolidated<br>Adjustments<br>(*5)			Total
Net interest income		1,662,549			186,359			51,567			25,038			24,861			1,950,374			40,667			260,383			567			2,251,991
Non-interest income(expense)		518,018			51,133			44,554			14,540			1,504,725			2,132,970			(5,181	)		(237,518	)		(1,531,326	)		358,945
Impairment losses due to credit loss		(238,724	)		(103,778	)		(31,117	)		(10,255	)		(29,706	)		(413,580	)		642			(22,901	)		338			(435,501	)
General and administrative expense		(1,126,784	)		(74,536	)		(24,666	)		(28,169	)		(102,795	)		(1,356,950	)		(161	)		—			50,939			(1,306,172	)
Net operating income(expense)		815,059			59,178			40,338			1,154			1,397,085			2,312,814			35,967			(36	)		(1,479,482	)		869,263
Share of gain of associates		1,869			—			(325	)		44			2,985			4,573			1,742			—			3,720			10,035
Other non-operating expense		1,253			(14,010	)		(7	)		22			145			(12,597	)		454			36			(2,596	)		(14,703	)
Non-operating income(expense)		3,122			(14,010	)		(332	)		66			3,130			(8,024	)		2,196			36			1,124			(4,668	)
Net income(expense) before tax		818,181			45,168			40,006			1,220			1,400,215			2,304,790			38,163			—			(1,478,358	)		864,595
Tax expense		(182,963	)		(11,990	)		(9,376	)		67			(7,396	)		(211,658	)		—			—			1,619			(210,039	)
Net income(loss)		635,218			33,178			30,630			1,287			1,392,819			2,093,132			38,163			—			(1,476,739	)		654,556
Total assets		494,062,206			16,000,783			12,446,351			7,670,803			32,087,028			562,267,171			3,702,197			—			(33,273,104	)		532,696,264
Investment in associate		1,057,250			—			31,880			3,339			24,490,180			25,582,649			4,832			—			(23,838,703	)		1,748,778
Other assets		493,004,956			16,000,783			12,414,471			7,667,464			7,596,848			536,684,522			3,697,365			—			(9,434,401	)		530,947,486
Total liabilities		465,902,343			13,224,992			10,721,208			6,521,593			5,804,817			502,174,953			76,142			—			(5,077,833	)		497,173,262
(*1)	The banking sector includes banks and their consolidated subsidiaries(such as overseas subsidiaries).<br>
---	---
(*2)	Other segments include gains and losses from Woori Financial Group Inc., Woori Asset Trust Co., Ltd., Woori<br>Savings Bank, Woori Asset Management Corp., Woori Financial F&I Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori Private Equity Asset Management Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute<br>and Woori Venture Partners Co., Ltd.
---	---
(*3)	Other segments include the funds subject to Group’s consolidation not included in the reporting segment.<br>
---	---
(*4)	Internal reconciliation includes the adjustment of deposit insurance premiums of 130,370 million Won and<br>fund contribution fees of 130,108 million Won from net interest income expenses to non-interest income expenses in order to present the profit and loss adjustment between reporting divisions in accordance<br>with management accounting standards as profit and loss in accordance with accounting standards.
---	---
(*5)	Consolidation adjustments include the elimination of 37,793 million Won of internal transactions between<br>Woori FIS Co., Ltd., the group’s IT service agency, and affiliates, and the removal of 1,429,225 million Won of dividends received by the holding company from its subsidiaries.
---	---

• 47 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3)	Operating profit or loss from external customers for the three-month periods ended March 31, 2026 and 2025<br>are as follows (Unit: Korean Won in millions):
	For the three-month periods ended March 31
---	---	---	---	---	---
Details	2026			2025
Domestic		847,806			741,900
Foreign		(39,651	)		127,363
Total		808,155			869,263
(4)	Major non-current assets as of March 31, 2026 and<br>December 31, 2025 are as follows (Unit: Korean Won in millions):
---	---
Details (*)	March 31, 2026		December 31, 2025
---	---	---	---	---
Domestic		9,297,640		7,364,083
Foreign		599,772		552,243
Total		9,897,412		7,916,326
(*)	Major non-current assets included joint ventures and related business<br>investments, investment properties, premises and equipment, and intangible assets.
---	---
(5)	Information about major customers
---	---

The Group does not have any single customer that generates 10% or more of the Group’s total revenue for the three-month periods ended March 31, 2026 and 2025.

6.	STATEMENTS OF CASH FLOWS
(1)	Details of cash and cash equivalents are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Cash		2,743,781		1,826,020
Foreign currencies		958,338		642,158
Demand deposits		30,761,063		35,891,982
Fixed deposits		107,292		139,519
Total		34,570,474		38,499,679
(2)	Details of restricted cash and cash equivalents are as follows (Unit: Korean Won in millions)<br>
---	---
	Counterparty	March 31, 2026		Reason of restriction
---	---	---	---	---
Due from banks in local currency:
Due from BOK	BOK		12,358,542	Reserve deposits under the BOK Act
Due from banks in foreign currencies:
Due from banks on demand	Bank of Japan and others		2,641,486	Reserve deposits etc.
Total			15,000,028
	Counterparty	December 31, 2025		Reason of restriction
---	---	---	---	---
Due from banks in local currency:
Due from BOK	BOK		16,555,802	Reserve deposits<br> <br>under the BOK<br>Act
Due from banks in foreign currencies:
Due from banks on demand	BOK and others		6,919,255	Reserve deposits etc.
Total			23,475,057

• 48 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

7.	FINANCIAL ASSETS AT FVTPL
(1)	Details of financial assets at FVTPL as of March 31, 2026 and December 31, 2025 are as follows (Unit:<br>Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Financial assets at fair value through profit or loss		37,038,061		34,245,475
(2)	Financial assets at fair value through profit or loss as of March 31, 2026 and December 31, 2025 are<br>as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Deposits:
Gold banking asset		303,916		261,470
Securities:
Debt securities
Korean treasury and government agencies		5,701,422		6,044,402
Financial institutions		1,160,224		883,209
Corporates		1,954,952		1,614,666
Foreign currency bond		692,929		698,615
Others		261,957		311,189
Equity securities		1,701,360		1,613,419
Capital contributions		3,224,684		3,085,315
Beneficiary certificates		12,253,872		12,359,483
Others		537,900		387,342
Sub-total		27,489,300		26,997,640
Loans		810,540		1,126,446
Derivatives assets		8,343,712		5,774,203
Other financial assets		90,593		85,716
Total		37,038,061		34,245,475

The Group does not have financial assets at fair value through profit or loss designated as upon initial recognition as of March 31, 2026 and December 31, 2025.

8.	FINANCIAL ASSETS AT FVTOCI
(1)	Details of financial assets at FVTOCI as of March 31, 2026 and December 31, 2025 are as follows<br>(Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Debt securities:
Korean treasury and government agencies		21,404,617		20,371,690
Financial institutions		28,721,753		32,931,685
Corporates		10,807,293		10,108,432
Bond denominated in foreign currencies		14,320,304		12,974,851
Securities loaned		4,794,556		5,674,738
Sub-total		80,048,523		82,061,396
Equity securities: (*)
Stocks		1,297,934		1,011,907
Capital contributions		11,634		11,634
Others		391,294		404,344
Sub-total		1,700,862		1,427,885
Loans:		10,928		10,241
Total		81,760,313		83,499,522

• 49 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*)	The equity instruments are designated as financial assets at fair value through other comprehensive income<br>(FVTOCI), as they are held for strategic business alliances, acquisitions through debt-to-equity conversions, and similar purposes.
(2)	The fair value gains or losses recognized in other comprehensive income related to equity securities designated<br>as financial assets measured at fair value through other comprehensive income (FVTOCI) for the periods ended March 31, 2026 and 2025, are as follows (Unit: Korean Won in millions):
---	---
	For the three-month period ended
---	---	---	---	---	---	---	---	---	---	---
	March 31, 2026					March 31, 2025
	Disposals		Holdings			Disposals			Holdings
Equity securities:
Stocks		81		61,950			(4,716	)		44,610
Capital contributions		—		—			—			—
Others		—		(13,050	)		—			—
Total		81		48,900			(4,716	)		44,610
(3)	Details of equity securities designated as financial assets measured at fair value through other comprehensive<br>income (FVTOCI) that were disposed of during the periods ended March 31, 2026 and 2025 are as follows (Unit: Korean Won in millions):
---	---
	For the three-month period ended
---	---	---	---	---	---	---	---	---	---
	March 31, 2026 (*1)				March 31, 2025 (*2)
	Fair value at<br>disposal		Cumulative gain<br>(loss)		Fair value at<br>disposal		Cumulative gain<br>(loss)
Equity securities:
Stocks		712		252		42		(1,353	)
Capital contributions		—		—		—		—
Others		—		—		—		—
Total		712		252		42		(1,353	)
(*1)	It was disposed due to a change in the purpose of holding.
---	---
(*2)	It was disposed of due to the disposal of shares acquired through debt-to-equity conversions and other related reasons.
---	---
(4)	Changes in the loss allowance and gross carrying amount of financial assets at FVTOCI are as follows (Unit:<br>Korean Won in millions):
---	---
1)	Loss allowance
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(29,204	)		—		—		(29,204	)
Transfer to 12-month expected credit<br>losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Provision of loss allowance		(1,916	)		—		—		(1,916	)
Disposal		2,275			—		—		2,275
Others (*)		(87	)		—		—		(87	)
Ending balance		(28,932	)		—		—		(28,932	)
(*)	Others consist of foreign currencies translation, etc.
---	---

• 50 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month period ended March 31, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(29,084	)		—		—		(29,084	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Provision of loss allowance		(728	)		—		—		(728	)
Disposal		1,531			—		—		1,531
Others (*)		(240	)		—		—		(240	)
Ending balance		(28,521	)		—		—		(28,521	)
(*)	Others consist of foreign currencies translation, etc.
---	---
2)	Gross carrying amount
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		82,071,637			—		—		82,071,637
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		12,355,271			—		—		12,355,271
Disposal / Recovery		(13,120,774	)		—		—		(13,120,774	)
Gain (loss) on valuation		(1,968,788	)		—		—		(1,968,788	)
Amortization based on effective interest method		66,088			—		—		66,088
Others (*)		656,017			—		—		656,017
Ending balance		80,059,451			—		—		80,059,451
(*)	Others consist of foreign currencies translation, etc.
---	---
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		42,922,671			—		—		42,922,671
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		7,893,050			—		—		7,893,050
Disposal / Recovery		(8,702,613	)		—		—		(8,702,613	)
Gain (loss) on valuation		66,549			—		—		66,549
Amortization based on effective interest method		49,574			—		—		49,574
Others (*)		(132,713	)		—		—		(132,713	)
Ending balance		42,096,518			—		—		42,096,518
(*)	Others consist of foreign currencies translation, etc.
---	---

• 51 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

9.	SECURITIES AT AMORTIZED COST
(1)	Details of securities at amortized cost as of March 31, 2026 and December 31, 2025 are as follows<br>(Unit: Korean Won in millions):
---	---
	March 31, 2026			December 31, 2025
---	---	---	---	---	---	---
Korean treasury and government agencies		9,500,220			9,698,695
Financial institutions		3,688,821			3,352,648
Corporates		4,633,080			4,587,881
Bond denominated in foreign currencies		956,801			1,079,302
Allowance for credit losses		(11,042	)		(11,067	)
Total		18,767,880			18,707,459
(2)	Changes in the loss allowance and gross carrying amount of securities at amortized cost are as follows (Unit:<br>Korean Won in millions):
---	---
1)	Loss allowance
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(11,067	)		—		—		(11,067	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Reversal of loss allowance		52			—		—		52
Others (*)		(27	)		—		—		(27	)
Ending balance		(11,042	)		—		—		(11,042	)
(*)	Others consist of foreign currencies translation, etc.
---	---
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(10,763	)		—		—		(10,763	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Reversal of loss allowance		90			—		—		90
Others (*)		4			—		—		4
Ending balance		(10,669	)		—		—		(10,669	)
(*)	Others consist of foreign currencies translation, etc.
---	---
2)	Gross carrying amount
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		18,718,526			—		—		18,718,526
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		956,205			—		—		956,205
Disposal / Recovery		(977,562	)		—		—		(977,562	)
Amortization based on effective interest method		28,688			—		—		28,688
Others (*)		53,065			—		—		53,065
Ending balance		18,778,922			—		—		18,778,922

• 52 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*)	Others consist of foreign currencies translation, etc.
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		19,213,940			—		—		19,213,940
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		1,005,252			—		—		1,005,252
Disposal / Recovery		(1,167,209	)		—		—		(1,167,209	)
Amortization based on effective interest method		26,839			—		—		26,839
Others (*)		(3,729	)		—		—		(3,729	)
Ending balance		19,075,093			—		—		19,075,093
(*)	Others consist of foreign currencies translation, etc.
---	---
10.	LOANS AND OTHER FINANCIAL ASSETS AT AMORTIZED COST
---	---
(1)	Details of loans and other financial assets at amortized cost as of March 31, 2026 and December 31,<br>2025 are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Due from banks		3,486,168		2,674,644
Loans		397,896,585		398,706,030
Other financial assets		22,860,913		11,115,109
Total		424,243,666		412,495,783
(2)	Details of due from banks are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026			December 31, 2025
---	---	---	---	---	---	---
Due from banks in local currency:
Due from depository banks		499,255			531,542
Due from non-depository institutions		21,755			20,624
Due for securities trading		311,480			196,557
Others		361,724			407,445
Loss allowance		(1,032	)		(408	)
Sub-total		1,193,182			1,155,760
Due from banks in foreign currencies:
Due from banks on demand		172,382			149,839
Due from banks on time		442,919			276,498
Others		1,684,461			1,096,819
Loss allowance		(6,776	)		(4,272	)
Sub-total		2,292,986			1,518,884
Total		3,486,168			2,674,644
(3)	Details of restricted due from banks are as follows (Unit: Korean Won in millions):
---	---
	Counterparty	March 31, 2026		Reason of restriction
---	---	---	---	---
Due from banks in local currency:
Others	Citi Bank and others		238,415	Reserve deposits and others
Securities trading	Korea exchange and Korea Securities Finance Corporation		302,321	Customer deposit refund reserve and futures trading margin and others
	Sub-total		540,736
Due from banks in foreign currencies:
Due from banks on demand	National Bank of Cambodia and others		171,730	Reserve deposits and others
Due from banks on time	TORONTO DOMINION BANK, NEW YORK and others		181,608	Federal Reserve Discount Window and others
Others	GOLDMAN SACHS INTL., LON and others		1,224,867	CSA collateral and others
	Sub-total		1,578,205
	Total		2,118,941

• 53 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	Counterparty	December 31, 2025		Reason of restriction
Due from banks in local currency:
Others	Citi Bank and others		248,704	Reserve deposits
Securities trading	Korea Exchange Co.,Ltd. and Korea Securities Finance Corporation and others		165,304	Customer deposit refund reserve and futures trading margin and others
	Sub-total		414,008
Due from banks in foreign currencies:
Due from banks on demand	National Bank of Cambodia and others		149,279	Reserve deposits and others
Due from banks on time	Toronto Dominion Bank, New York, and others		129,141	Federal Reserve Discount Window
Others	GOLDMAN SACHS INTL., LON and others		775,829	CSA collateral and others
	Sub-total		1,054,249
	Total		1,468,257
(4)	Changes in the loss allowance and gross carrying amount of due from banks are as follows (Unit: Korean Won in<br>millions):
---	---
1)	Allowance for credit losses
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(4,680	)		—		—		(4,680	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Provision for allowance for credit loss		(3,052	)		—		—		(3,052	)
Others (*)		(76	)		—		—		(76	)
Ending balance		(7,808	)		—		—		(7,808	)

(*) Changes due to foreign currencies translation, etc.

	For the three-month period ended March 31, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(6,327	)		—		—		(6,327	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Reversal for allowance for credit loss		350			—		—		350
Others (*)		(20	)		—		—		(20	)
Ending balance		(5,997	)		—		—		(5,997	)

(*) Changes due to foreign currencies translation, etc.

• 54 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2)	Gross carrying amount
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---
	Stage 1		Stage 2		Stage 3		Total
Beginning balance		2,679,324		—		—		2,679,324
Transfer to 12-month expected credit losses		—		—		—		—
Transfer to lifetime expected credit losses		—		—		—		—
Transfer to credit-impaired financial assets		—		—		—		—
Net increase(decrease)		761,315		—		—		761,315
Others (*)		53,337		—		—		53,337
Ending balance		3,493,976		—		—		3,493,976
(*)	Changes due to foreign currencies translation, etc.
---	---
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		2,636,931			—		—		2,636,931
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net increase(decrease)		(61,858	)		—		—		(61,858	)
Others (*)		2,294			—		—		2,294
Ending balance		2,577,367			—		—		2,577,367
(*)	Changes due to foreign currencies translation, etc.
---	---
(5)	Details of loans are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026			December 31, 2025
---	---	---	---	---	---	---
Loans in local currency		325,009,413			322,659,399
Loans in foreign currencies		35,636,382			32,375,735
Domestic banker’s usance		2,909,377			2,647,891
Credit card accounts		13,883,581			13,960,884
Bills bought in foreign currencies		4,043,914			4,396,122
Bills bought in local currency		88,676			82,657
Factoring receivables		7,049			6,315
Advances for customers on guarantees		31,334			12,602
Private placement bonds		731,377			669,431
Securitized loans		3,310,946			3,325,383
Call loans		2,677,346			2,430,625
Bonds purchased under resale agreements		7,978,138			14,598,594
Financial lease receivables		924,887			991,331
Installment financial bond		2,440,229			2,429,860
Securities loans		723,115			445,960
Others		2,258			2,257
Loan origination costs and fees		926,881			926,343
Discounted present value		(9,215	)		(9,107	)
Allowance for credit losses		(3,419,103)			(3,246,252)
Total		397,896,585			398,706,030

• 55 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6)	Changes in the loss allowance of loans are as follows (Unit: Korean Won in millions):
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Consumers									Corporates
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit<br>impairment<br>model
Beginning balance		(204,589	)		(157,463	)		(316,231	)		(956,618	)		(480,701	)		(689,861	)		(9,309	)
Transfer to 12-month expected credit losses		(20,763	)		20,172			591			(35,859	)		34,730			1,129			—
Transfer to lifetime expected credit losses		13,074			(16,019	)		2,945			14,490			(16,814	)		2,324			—
Transfer to credit-impaired financial assets		2,941			19,506			(22,447	)		9,561			56,163			(65,724	)		—
Net reversal(provision) of allowance for credit losses		(5,848	)		(26,528	)		(197,784	)		(10,368	)		(5,179	)		(175,458	)		(5,549	)
Recovery		—			—			(11,303	)		—			—			(21,902	)		—
Charge-off		—			—			65,346			—			—			155,686			—
Disposal		35			236			17,356			3			651			60,937			2,055
Interest income from impaired loans		—			—			4,275			—			—			8,591			—
Others		(827	)		(1,113	)		(4,671	)		(3,422	)		(862	)		(3,086	)		(1,539	)
Ending balance		(215,977	)		(161,209	)		(461,923	)		(982,213	)		(412,012	)		(727,364	)		(14,342	)
3
	For the three-month period ended March 31, 2026
	Credit card accounts									Total
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit<br>impairment<br>model
Beginning balance		(130,557	)		(103,829	)		(197,094	)		(1,291,764	)		(741,993	)		(1,203,186	)		(9,309	)
Transfer to 12-month expected credit losses		(16,280	)		16,221			59			(72,902	)		71,123			1,779			—
Transfer to lifetime expected credit losses		7,705			(8,956	)		1,251			35,269			(41,789	)		6,520			—
Transfer to credit-impaired financial assets		1,182			26,605			(27,787	)		13,684			102,274			(115,958	)		—
Net reversal(provision) of allowance for credit losses		3,942			(35,816	)		(79,245	)		(12,274	)		(67,523	)		(452,487	)		(5,549	)
Recovery		—			—			(5,798	)		—			—			(39,003	)		—
Charge-off		—			—			77,153			—			—			298,185			—
Disposal		—			—			27,181			38			887			105,474			2,055
Interest income from impaired loans		—			—			—			—			—			12,866			—
Others		—			—			—			(4,249	)		(1,975	)		(7,757	)		(1,539	)
Ending balance		(134,008	)		(105,775	)		(204,280	)		(1,332,198	)		(678,996	)		(1,393,567	)		(14,342	)

• 56 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month period ended March 31, 2025
	Consumers									Corporates
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit<br>impairment<br>model
Beginning balance		(228,330	)		(148,315	)		(280,125	)		(971,499	)		(699,646	)		(625,921	)		(7,295	)
Transfer to 12-month expected credit losses		(22,762	)		22,063			699			(58,285	)		56,846			1,439			—
Transfer to lifetime expected credit losses		16,700			(19,951	)		3,251			18,867			(23,579	)		4,712			—
Transfer to credit-impaired financial assets		4,076			24,975			(29,051	)		6,005			126,331			(132,336	)		—
Net reversal(provision) of allowance for credit losses		37,355			(47,357	)		(53,373	)		17,998			(83,644	)		(179,363	)		(2,680	)
Recovery		—			—			(10,929	)		—			—			(6,165	)		—
Charge-off		—			—			43,533			—			—			99,592			—
Disposal		2			127			16,555			—			391			38,899			1,570
Interest income from impaired loans		—			—			3,877			—			—			6,922			—
Others		(1,256	)		(149	)		2,391			5,813			936			4,827			(1,547	)
Ending balance		(194,215	)		(168,607	)		(303,172	)		(981,101	)		(622,365	)		(787,394	)		(9,952	)
	For the three-month period ended March 31, 2025
	Credit card accounts									Total
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit<br>impairment<br>model
Beginning balance		(123,297	)		(115,030	)		(158,167	)		(1,323,126	)		(962,991	)		(1,064,213	)		(7,295	)
Transfer to 12-month expected credit losses		(17,615	)		17,523			92			(98,662	)		96,432			2,230			—
Transfer to lifetime expected credit losses		10,109			(11,221	)		1,112			45,676			(54,751	)		9,075			—
Transfer to credit-impaired financial assets		3,101			26,478			(29,579	)		13,182			177,784			(190,966	)		—
Net reversal(provision) of allowance for credit losses		4,854			(43,263	)		(77,391	)		60,207			(174,264	)		(310,127	)		(2,680	)
Recovery		—			—			(5,930	)		—			—			(23,024	)		—
Charge-off		—			—			76,260			—			—			219,385			—
Disposal		—			—			14,518			2			518			69,972			1,570
Interest income from impaired loans		—			—			—			—			—			10,799			—
Others		—			—			—			4,557			787			7,218			(1,547	)
Ending balance		(122,848	)		(125,513	)		(179,085	)		(1,298,164	)		(916,485	)		(1,269,651	)		(9,952	)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(7)	Changes in the gross carrying amount of loans are as follows (Unit: Korean Won in millions):<br>
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Consumers									Corporates
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit<br>impairment<br>model
Beginning balance		147,019,855			15,304,705			932,172			211,707,132			10,163,569			1,717,711			1,137,650
Transfer to 12-month expected credit losses		2,858,403			(2,851,173	)		(7,230	)		1,237,377			(1,233,348	)		(4,029	)		—
Transfer to lifetime expected credit losses		(3,910,515	)		3,935,234			(24,719	)		(1,570,532	)		1,576,637			(6,105	)		—
Transfer to credit-impaired financial assets		(67,637	)		(155,310	)		222,947			(220,909	)		(371,667	)		592,576			—
Charge-off		—			—			(65,346	)		—			—			(155,686	)		—
Disposal		(182	)		(540	)		(53,045	)		(39	)		(1,659	)		(240,482	)		(2,055	)
Net increase(decrease)		827,707			(622,600	)		101,321			489,246			(754,330	)		(171,529	)		83,813
Ending balance		146,727,631			15,610,316			1,106,100			211,642,275			9,379,202			1,732,456			1,219,408
	For the three-month period ended March 31, 2026
	Credit card accounts									Total
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit<br>impairment<br>model
Beginning balance		12,520,632			1,133,638			315,217			371,247,619			26,601,912			2,965,100			1,137,650
Transfer to 12-month expected credit losses		389,460			(389,338	)		(122	)		4,485,240			(4,473,859	)		(11,381	)		—
Transfer to lifetime expected credit losses		(563,698	)		565,490			(1,792	)		(6,044,745	)		6,077,361			(32,616	)		—
Transfer to credit-impaired financial assets		(35,502	)		(81,537	)		117,039			(324,048	)		(608,514	)		932,562			—
Charge-off		—			—			(77,153	)		—			—			(298,185	)		—
Disposal		—			—			(45,841	)		(221	)		(2,199	)		(339,368	)		(2,055	)
Net increase(decrease)		268,736			(227,219	)		10,290			1,585,689			(1,604,149	)		(59,918	)		83,813
Ending balance		12,579,628			1,001,034			317,638			370,949,534			25,990,552			3,156,194			1,219,408

• 58 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month period ended March 31, 2025
	Consumers									Corporates
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit<br>impairment<br>model
Beginning balance		141,003,546			15,063,902			781,868			206,025,023			11,425,641			1,491,816			1,147,147
Transfer to 12-month expected credit losses		3,066,312			(3,060,360	)		(5,952	)		2,181,075			(2,178,468	)		(2,607	)		—
Transfer to lifetime expected credit losses		(4,191,199	)		4,219,327			(28,128	)		(1,509,090	)		1,523,647			(14,557	)		—
Transfer to credit-impaired financial assets		(69,968	)		(176,613	)		246,581			(225,072	)		(504,761	)		729,833			—
Charge-off		—			—			(43,533	)		—			—			(99,592	)		—
Disposal		(16	)		(422	)		(47,365	)		—			(1,718	)		(171,421	)		(1,571	)
Net increase(decrease)		350,803			(951,729	)		(126,566	)		3,903,829			(564,548	)		(2,557	)		(31,788	)
Ending balance		140,159,478			15,094,105			776,905			210,375,765			9,699,793			1,930,915			1,113,788
	For the three-month period ended March 31, 2025
	Credit card receivables									Total
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit<br>impairment<br>model
Beginning balance		11,171,885			1,036,118			279,973			358,200,454			27,525,661			2,553,657			1,147,147
Transfer to 12-month expected credit losses		261,767			(261,618	)		(149	)		5,509,154			(5,500,446	)		(8,708	)		—
Transfer to lifetime expected credit losses		(388,310	)		389,927			(1,617	)		(6,088,599	)		6,132,901			(44,302	)		—
Transfer to credit-impaired financial assets		(38,976	)		(76,603	)		115,579			(334,016	)		(757,977	)		1,091,993			—
Charge-off		—			—			(76,260	)		—			—			(219,385	)		—
Disposal		—			—			(22,615	)		(16	)		(2,140	)		(241,401	)		(1,571	)
Net increase(decrease)		(349,048	)		19,145			16,219			3,905,584			(1,497,132	)		(112,904	)		(31,788	)
Ending balance		10,657,318			1,106,969			311,130			361,192,561			25,900,867			3,018,950			1,113,788

• 59 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(8)	Details of other financial assets are as follows (Unit: Korean Won in millions):
	March 31, 2026			December 31, 2025
---	---	---	---	---	---	---
Cash Management Account asset (CMA asset)		95,000			115,000
Receivables		18,786,283			7,543,495
Accrued income		2,397,527			2,277,963
Telex and telephone subscription rights and refundable deposits		808,324			805,980
Domestic exchange settlement debit		666,583			273,249
Other assets		430,580			437,085
Allowance for credit losses		(323,384	)		(337,663	)
Total		22,860,913			11,115,109
(9)	Changes in the allowances for credit losses on other financial assets are as follows (Unit: Korean Won in<br>millions):
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		(27,255	)		(13,656	)		(296,752	)		(337,663	)
Transfer to 12-month expected credit losses		(216	)		185			31			—
Transfer to lifetime expected credit losses		282			(336	)		54			—
Transfer to credit-impaired financial assets		128			1,385			(1,513	)		—
Reversal (provision) of loss allowance		11,667			(1,386	)		1,751			12,032
Charge-off		—			—			4,221			4,221
Disposal		—			—			169			169
Others		(299	)		(218	)		(1,626	)		(2,143	)
Ending balance		(15,693	)		(14,026	)		(293,665	)		(323,384	)
	For the three-month period ended March 31, 2025
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		(20,934	)		(22,020	)		(170,060	)		(213,014	)
Transfer to 12-month expected credit losses		(294	)		274			20			—
Transfer to lifetime expected credit losses		224			(283	)		59			—
Transfer to credit-impaired financial assets		561			7,089			(7,650	)		—
Reversal (provision) of loss allowance		(12,814	)		(3,800	)		1,242			(15,372	)
Charge-off		—			—			2,302			2,302
Disposal		—			—			225			225
Others		174			(5	)		(80	)		89
Ending balance		(33,083	)		(18,745	)		(173,942	)		(225,770	)

• 60 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(10)	Changes in the gross carrying amount of other financial assets are as follows (Unit: Korean Won in millions):<br>
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		10,775,002			78,348			599,422			11,452,772
Transfer to 12-month expected credit losses		8,637			(8,604	)		(33	)		—
Transfer to lifetime expected credit losses		(14,365	)		14,464			(99	)		—
Transfer to credit-impaired financial assets		(1,921	)		(5,088	)		7,009			—
Charge-off		—			—			(4,221	)		(4,221	)
Disposal		—			—			(199	)		(199	)
Net increase (decrease)		11,717,224			12,871			5,850			11,735,945
Ending balance		22,484,577			91,991			607,729			23,184,297
	For the three-month period ended March 31, 2025
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		9,435,449			99,254			450,229			9,984,932
Transfer to 12-month expected credit losses		11,285			(11,262	)		(23	)		—
Transfer to lifetime expected credit losses		(14,135	)		14,198			(63	)		—
Transfer to credit-impaired financial assets		(4,314	)		(19,571	)		23,885			—
Charge-off		—			—			(2,302	)		(2,302	)
Disposal		—			—			(260	)		(260	)
Net increase (decrease)		9,430,807			14,975			(9,513	)		9,436,269
Ending balance		18,859,092			97,594			461,953			19,418,639

• 61 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

11.	FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
(1)	The fair value hierarchy
---	---

The fair value hierarchy for financial instruments is determined by the amount of observable market data. The specific financial instruments characteristics and market condition such as the existence of the transactions among market participants and transparency are reflected to the market observable inputs. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities. The Group maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring the fair value of its financial assets and financial liabilities. Fair value is measured based on the perspective of a market participant. As such, even when market assumptions are not readily available, the Group’s own assumptions reflect those that market participants would use for measuring the assets or liabilities at the measurement date.

The fair value measurement is described in the one of the following three levels used to classify fair value measurements:

•	Level 1—fair value measurements are those derived from quoted prices (unadjusted) in active markets<br>for identical assets or liabilities. The types of financial assets or liabilities generally included in Level 1 are publicly traded equity securities, derivatives, and debt securities issued by governmental bodies.
•	Level 2—fair value measurements are those derived from inputs other than quoted prices included within<br>Level 1 that are observable for the asset or liability, either directly (i.e. prices) or indirectly (i.e. derived from prices). The types of financial assets or liabilities generally included in Level 2 are debt securities not traded in<br>active markets and common OTC derivatives such as swaps, forwards and options that do not require significant judgment.
---	---
•	Level 3—fair value measurements are those derived from valuation technique that include inputs for the<br>assets or liabilities that are not based on observable market data (unobservable inputs). The types of financial assets or liabilities generally included in Level 3 are non-public securities and<br>derivatives and debt securities of which valuation techniques require significant judgments and subjectivity.
---	---

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Group’s assessment of the significance of a particular input to a fair value measurement in its entirety requires judgment and consideration of inherent factors of the asset or liability.

• 62 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Fair value hierarchy of financial assets and liabilities measured at fair value are as follows (Unit: Korean<br>Won in millions):
	March 31, 2026
---	---	---	---	---	---	---	---	---
	Level 1 (*)		Level 2 (*)		Level 3		Total
Financial assets:
Financial assets at FVTPL
Deposits		303,916		—		—		303,916
Debt securities		4,447,036		5,241,482		82,966		9,771,484
Equity securities		1,112,404		—		588,956		1,701,360
Capital contributions		—		10,906		3,213,778		3,224,684
Beneficiary certificates		1,076,800		3,825,103		7,351,969		12,253,872
Loans		—		587,705		222,835		810,540
Derivative assets		78		8,342,757		877		8,343,712
Other financial assets in foreign currency		—		3,422		88,826		92,248
Others		—		266,736		269,509		536,245
Sub-total		6,940,234		18,278,111		11,819,716		37,038,061
Financial assets at FVTOCI
Debt securities		30,309,412		49,739,111		—		80,048,523
Equity securities		610,271		—		1,090,591		1,700,862
Loans		—		—		10,928		10,928
Sub-total		30,919,683		49,739,111		1,101,519		81,760,313
Derivative assets (designated for hedging)		—		150,822		—		150,822
Total		37,859,917		68,168,044		12,921,235		118,949,196
Financial liabilities:
Financial liabilities at FVTPL
Deposits due to customers		304,098		—		—		304,098
Derivative liabilities		—		7,473,020		880		7,473,900
Securities sold		460,274		—		—		460,274
Sub-total		764,372		7,473,020		880		8,238,272
Financial liabilities designated to be measured at FVTPL
Deposits due to customers		—		439,941		—		439,941
Derivative liabilities (designated for hedging)		—		1,110,170		—		1,110,170
Total		764,372		9,023,131		880		9,788,383
(*)	There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at<br>fair value. The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.
---	---

• 63 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	December 31, 2025
	Level 1 (*)		Level 2 (*)		Level 3		Total
Financial assets:
Financial assets at FVTPL
Deposits		261,470		—		—		261,470
Debt securities		4,635,643		4,840,091		76,347		9,552,081
Equity securities		1,063,788		—		549,631		1,613,419
Capital contributions		—		12,186		3,073,129		3,085,315
Beneficiary certificates		1,118,879		4,112,983		7,127,621		12,359,483
Loans		—		901,831		224,615		1,126,446
Derivative assets		—		5,773,283		920		5,774,203
Other financial assets in foreign currency		—		1,898		83,949		85,847
Others		—		146,475		240,736		387,211
Sub-total		7,079,780		15,788,747		11,376,948		34,245,475
Financial assets at FVTOCI
Debt securities		29,820,964		52,240,432		—		82,061,396
Equity securities		363,401		—		1,064,484		1,427,885
Loans		—		—		10,241		10,241
Sub-total		30,184,365		52,240,432		1,074,725		83,499,522
Derivative assets (designated for hedging)		—		217,180		—		217,180
Total		37,264,145		68,246,359		12,451,673		117,962,177
Financial liabilities:
Financial liabilities at FVTPL
Deposits due to customers		263,251		—		—		263,251
Derivative liabilities		—		5,129,428		236		5,129,664
Securities sold		496,518		—		—		496,518
Sub-total		759,769		5,129,428		236		5,889,433
Financial instruments designated to be measured at FVTPL
Deposits due to customers		—		467,501		—		467,501
Derivative liabilities (designated for hedging)		—		615,361		—		615,361
Total		759,769		6,212,290		236		6,972,295
(*)	There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at<br>fair value. The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.
---	---

• 64 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Financial assets and liabilities at FVTPL, financial liabilities at FVTPL designated as upon initial recognition, financial assets at FVTOCI, and derivative assets and liabilities are recognized at fair value. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date.

Financial instruments are measured at fair value using a quoted market price in active markets. If there is no active market for a financial instrument, the Group determines the fair value using valuation methods. Valuation methods and input variables for each type of financial instruments are as follows:

1)	Valuation methods and input variables for each type of financial instrument classified into level 2 as of<br>March 31, 2026 and December 31, 2025 are as follows:
	Valuation methods	Input variables
---	---	---
Debt securities	Fair value is measured by discounting the future cash flows of debt securities applying the risk-free market rate with credit spread.	Risk-free market rate, credit spread, matrix method yield to maturity, effective credit grade, company-specific risk spread, weighted average expected maturity of MBS with consideration for prepayment, discount rate.
Equity securities, capital contributions and beneficiary certificates	Fair value is measured by using the net asset value method, DCF, FCFE (Free Cash Flow to Equity Model), Comparable Company Analysis, Dividend Discount Model, risk adjusted discount rate method, LSMC (Least-Squares Monte Carlo),<br>Hull-White model and Binomial tree model.	Values of underlying assets such as bond, risk-free market rate, market risk premium, corporate beta, discount rate based on credit rating, volatility of stock prices, volatility of interest rates and exchange rate.
Derivatives	Fair value is measured using valuation techniques commonly employed by market participants, including option pricing models, discounted cash flow (DCF) models, implied forward rate calculation methods, regression analysis methods,<br>and valuation techniques based on observable market inputs for derivatives such as interest rate swaps, currency swaps, etc.	Discount rate, volatility of underlying assets, exchange rate, risk-free market rate, credit spread, forward rate, OIS, KTB, and CDS rates.
Loans	The future cash flows of debt instruments are measured at a discount by applying the market interest rate applied to entities with similar creditworthiness to the debtor.	Risk-free market rate and credit spread
Deposits due to customers	Fair value is measured by Hull-White model.	Discount rate, swaption volatility, etc.
2)	Valuation methods and input variables for each type of financial instrument classified into level 3 as of<br>March 31, 2026 and December 31, 2025 are as follows :
---	---
	Valuation methods	Input variables
---	---	---
Loans	Fair value is measured by using the DCF model (Discounted Cash Flow Model), LSMC (Least-Squares Monte Carlo) and Hull-White which are<br>generally used in the market<br> <br>considering the price of underlying assets and volatility.	Price of underlying assets, volatility, discount rate, volatility of stock, risk-free market rate, credit spread, interest rate, correlation coefficient
Equity securities, capital contributions and beneficiary certificates	Fair value is measured using one or more valuation methodologies—such as the Discounted Cash Flow (DCF) model, Free Cash Flow to Equity (FCFE) model, comparable company analysis, dividend discount model, risk-adjusted discount<br>rate method, net asset value method, LSMC, binomial model, market approach, Hull-White model, Monte-Carlo Simulation or precedent transactions model—selected as appropriate in consideration of the characteristics of the valuation subject.	Risk-free market return, market risk premium, company beta, stock price, underlying asset volatility, fair value of underlying assets, price of the underlying asset, recent transaction price, discount rate based on credit rating,<br>interest rate volatility, real estate sale price volatility, price-to-book ratio

• 65 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	Valuation methods	Input variables
		(PBR), price-to-sales ratio (PSR), net asset value, paid-in capital increase amount, issuance information by<br>instrument, matrix-based yield to maturity (YTM), company-specific risk spread, perpetual growth rate, liquidation value change rate and interest rate.
Debt securities	Future cash flows of the debt securities are measured by discounting them using a market interest rate applicable to companies with credit ratings similar to that of the issuer	Discount rate, perpetual growth rate, and liquidation value change rate
Derivatives	Fair value is measured by models such as option model.	Correlation coefficient, stock price, volatility of underlying assets etc.
Others	The fair value of the underlying asset, after calculating the fair value using the DCF model, etc., considering the price and volatility of the calculated underlying asset, is calculated using the binomial tree, which is commonly<br>used valuation techniques in the market.	Stock price, volatility of underlying assets etc.

Valuation methods of financial assets and liabilities measured at fair value and classified into Level 3 and significant but unobservable inputs are as follows:

			March 31, 2026
	Fair value measurement<br>technique	Type	Significant<br><br><br>unobservable<br> <br>inputs	Range	Impact of changes in<br><br><br>significant unobservable<br> <br>inputs on<br>fair value<br> <br>measurement
Debt securities	LSMC(Hull-White)		Volatility	31.25%~78.91%	Variation of fair value increases as volatility increases.
Loans	DCF model		Discount rate	1.1%~7.40%	Fair value increases as discount rate decreases.
	Hull-White model		Volatility	0.61%, 0.97%	Variation of fair value increases as volatility increases.
Derivative assets	Option valuation<br> <br>model and<br>others	Equity related	Stock prices, Volatility of underlying asset	26.79%	Variation of fair value increases as volatility and stock price increases.
			Discount rate	16.01%	Fair value increases as discount rate decreases.
			Liquidation value	0.00%	Fair value increases as liquidation value increases.
Equity securities, capital<br><br><br>contributions, and Beneficiary<br> <br>certificates	Binomial Tree		Volatility of stock	35.25%~83.17%	Variation of fair value increases as volatility of stock increases.
			Stock prices, Volatility of underlying asset	15.29%~37.39%	Variation of fair value increases as volatility and stock price increases
	DCF model and others		Discount rate	2.78%~17.75%	Fair value increases as discount rate decreases.
			Terminal growth rate	0.00%~1.00%	Fair value increases as terminal growth rate increases.
			Interest rate	2.52%~3.90%	Fair value increases as interest rate decreases.
			Liquidation value	-1.00%~1.00%	Fair value increases as liquidation value increases.
			Weighted Average Cost of Capital	7.85%~9.85%	Fair value increases as weighted average cost of capital decreases.
			Volatility	0.86%~1.11%	Variation of fair value increases as volatility increases.
	LSMC(Hull-White)		Volatility	0.6%	Variation of fair value increases as volatility increases.
			Discount rate	3.32%~7.10%	Fair value increases as discount rate decreases.
	Market approach		Stock price	7,668~410,500	Variation of fair value increases as stock price increases.
	Net asset value method		Volatility of liquidation value	0.00%	Fair value increases as liquidation value increases.
Others	Binomial Tree		Stock prices, Volatility of underlying asset	15.29%~50.79%	Variation of fair value increases as volatility and stock price increases.

• 66 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

			December 31, 2025
	Fair value measurement<br>technique	Type	Significant<br><br><br>unobservable<br> <br>inputs	Range	Impact of changes in<br><br><br>significant unobservable<br> <br>inputs on<br>fair value<br> <br>measurement
Debt securities	LSMC(Hull-White)		Volatility	23.45%~37.48%	Variation of fair value increases as volatility increases.
Loans	DCF model and others		Discount rate	0.70%~5.26%	Fair value increases as discount rate decreases.
Derivatives	Option valuation model and others	Equity related	Stock prices, Volatility of underlying asset	22.55%	Variation of fair value increases as volatility and stock price increases.
			Discount rate	16.88%	Fair value increases as discount rate decreases.
			Liquidation value	0.00%	Fair value increases as liquidation value increases.
Stocks, capital contributions,	Binomial Tree		Volatility of stock	20.19%~31.51%	Fair value increases as volatility of stock increases
and beneficiary certificates			Stock prices, Volatility of underlying asset	14.91%~34.34%	Variation of fair value increases as volatility of underlying asset and stock price increases.
	DCF model and others		Discount rate	2.77%~19.05%	Fair value increases as discount rate decreases.
			Terminal growth rate	0.00%~1.00%	Fair value increases as terminal growth rate increases.
			Liquidation value	-1.00%~12.41%	Fair value increases as liquidation value increases.
			Interest rate	2.38%~3.42%	Fair value increases as interest rate decreases.
	LMSC(Hull-White)		Volatility	0.56%	Variation of fair value increases as volatility increases.
			Discount rate	3.83%~6.10%	Fair value increases as discount rate decreases.
	Market Value Approach		Stock volatility	27.86%~31.51%	Variation of fair value increases as stock volatility increases.
Others	Binomial Tree and others		Stock prices, Volatility of underlying asset	14.91%~42.44%	Variation of fair value increases as volatility of underlying asset and stock price increases.

Fair value of financial assets and liabilities classified into Level 3 is measured by the Group using its own valuation methods or using external specialists. Unobservable inputs used in the fair value measurements are produced by the internal system of the Group and the appropriateness of inputs is reviewed regularly.

• 67 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3)	Changes in financial assets and liabilities measured at fair value classified into Level 3 are as follows<br>(Unit: Korean Won in millions):
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Beginning<br>balance		Net<br>income<br>(loss) (*1)			Other<br>comprehensive<br>income		Purchases/<br>issuances		Disposals /<br>settlements			Transfer to<br>or out of<br>Level 3 (*2)			Ending<br>balance
Financial assets:
Financial assets at FVTPL
Debt securities		76,347		6,619			—		—		—			—			82,966
Equity securities		549,631		11,912			—		66,185		(37,539	)		(1,233	)		588,956
Capital contributions		3,073,129		83,180			—		144,135		(86,666	)		—			3,213,778
Beneficiary certificates		7,127,621		143,288			—		100,494		(19,434	)		—			7,351,969
Loans		224,615		(8,499	)		—		113,006		(101,091	)		(5,196	)		222,835
Derivative assets		920		(686	)		—		643		—			—			877
Other financial assets in foreign currency		83,949		2,856			—		2,021		—			—			88,826
Others		240,736		(658	)		—		32,028		(2,597	)		—			269,509
Sub-total		11,376,948		238,012			—		458,512		(247,327	)		(6,429	)		11,819,716
Financial assets at FVTOCI
Equity securities		1,064,484		—			25,271		1,200		(364	)		—			1,090,591
Loans		10,241		—			687		—		—			—			10,928
Sub-total		1,074,725		—			25,958		1,200		(364	)		—			1,101,519
Total		12,451,673		238,012			25,958		459,712		(247,691	)		(6,429	)		12,921,235
Financial liabilities:
Financial liabilities at FVTPL
Derivative liabilities		236		—			—		644		—			—			880
Total		236		—			—		644		—			—			880
(*1)	For financial liabilities, positive numbers represent losses that increase balance and negative numbers<br>represent gains that decrease balance. The gain amounting to 178,748 million Won for the period ended March 31, 2026, which is from financial assets and liabilities that the Group holds as at the end of the period.
---	---
(*2)	The Group recognizes transfers among levels at the end of reporting period in which events have occurred or<br>conditions have changed.
---	---

• 68 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month period ended March 31, 2025
	Beginning<br>balance		Net<br>income<br>(loss) (*1)			Other<br>comprehensive<br>income		Purchases/<br>issuances		Disposals /<br>settlements			Transfer to<br>or out of<br>Level 3 (*2)			Ending<br>balance
Financial assets:
Financial assets at FVTPL
Debt securities		7,357		(796	)		—		7,030		—			—			13,591
Equity securities		398,899		(1,576	)		—		31,564		(5,076	)		(7,650	)		416,161
Capital contributions		2,853,513		3,901			—		109,908		(66,785	)		—			2,900,537
Beneficiary certificates		2,105,160		14,335			—		46,087		(31,550	)		—			2,134,032
Loans		34,776		7			—		2		(262	)		—			34,523
Derivative assets		1,188		33			—		—		(53	)		—			1,168
Other financial assets in foreign currency		48,345		(115	)		—		—		—			—			48,230
Others		238,266		4,263			—		—		(3,844	)		—			238,685
Sub-total		5,687,504		20,052			—		194,591		(107,570	)		(7,650	)		5,786,927
Financial assets at FVTOCI
Equity securities		559,434		—			18,796		—		(10	)		(5,530	)		572,690
Total:		6,246,938		20,052			18,796		194,591		(107,580	)		(13,180	)		6,359,617
Financial liabilities:
Financial liabilities at FVTPL
Derivative liabilities		1,402		—			—		—		(1,402	)		—			—
Total		1,402		—			—		—		(1,402	)		—			—
(*1)	For financial liabilities, positive numbers represent losses that increase balance and negative numbers<br>represent gains that decrease balance. The gain amounting to 27,354 million Won for the period ended March 31, 2025, which is from financial assets and liabilities that the Group holds as at the end of the period.
---	---
(*2)	The Group recognizes transfers among levels at the end of reporting period in which events have occurred or<br>conditions have changed.
---	---

• 69 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4)	Sensitivity analysis results on reasonable fluctuation of the significant unobservable input variables for the<br>fair value of Level 3 financial instruments are as follows.

The sensitivity analysis of the financial instruments has been performed by classifying with favorable and unfavorable changes based on how changes in unobservable assumptions would have effects on the fluctuations of financial instruments’ value. When the fair value of a financial instrument is affected by two or more unobservable input variables, the sensitivity analysis is calculated by assuming the most favorable or the most unfavorable scenario. The sensitivity analysis was performed for two types of level 3 financial instruments: (1) interest rate related derivatives, currency related derivatives, equity related derivatives, equity-linked securities beneficiary certificates and loans of which fair value changes are recognized as net income; (2) equity securities of which fair value changes are recognized as other comprehensive income.

Meanwhile, among the financial instruments that are classified as Level 3 amounting to 12,922,115 million Won and 12,451,909 million Won as of March 31, 2026 and December 31, 2025, respectively, equity instruments of 6,776,478 million Won and 6,234,075 million Won whose carrying amount are considered to represent the reasonable approximation of fair value are excluded from the sensitivity analysis.

The sensitivity on fluctuation of input variables by financial instruments as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

	March 31, 2026
	Net income (loss)					Other comprehensive<br>income (loss)
	Favorable		Unfavorable			Favorable		Unfavorable
Financial assets:
Financial assets at FVTPL
Derivative assets (*1)(*4)		20		(20	)		—		—
Loans (*2)		274		(270	)		—		—
Debt securities (*3)		1,414		(1,389	)		—		—
Equity securities (*2) (*4) (*5)		23,465		(17,655	)		—		—
Beneficiary certificates (*5)(*6)		57,260		(54,934	)		—		—
Others (*4)		2,009		(1,743	)		—		—
Financial assets at FVTOCI		—		—			—		—
Equity securities (*5)		—		—			66,126		(61,037	)
Total		84,442		(76,011	)		66,126		(61,037	)
(*1)	Fair value changes of equity related derivatives assets and liabilities are calculated by increasing or<br>decreasing liquidation value or discount rate, which are major unobservable variables, by 1%p each, respectively.
---	---
(*2)	Fair value changes of equity securities are calculated by increasing or decreasing growth rate (0%p~1%p) and<br>discount rate or liquidation value (-1%~1%), which are major unobservable variables.
---	---
(*3)	Fair value changes of equity securities are calculated by increasing or decreasing stock price volatility,<br>which is major unobservable variables, by 10%,
---	---
(*4)	Fair value changes of equity securities are calculated by increasing or decreasing stock price (-10%~10%) and volatility (-10%p~10%p), which are major unobservable variables.
---	---
(*5)	Fair value changes of equity securities are calculated by increasing or decreasing discount rate (-1%p~1%p) and growth rate (-1%p~2%p) and or liquidation value (-1%p~1%p), which are major unobservable variables.<br>
---	---
(*6)	Even if the sensitivity analysis of the beneficiary certificates is not possible in practice, fair value<br>changes of the financial assets whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing liquidation value of real estate which is underlying assets by 1%p.
---	---

• 70 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	December 31, 2025
	Net income (loss)					Other comprehensive<br>income (loss)
	Favorable		Unfavorable			Favorable		Unfavorable
Financial assets:
Financial assets at FVTPL
Derivative assets (*1) (*4)		19		(19	)		—		—
Loans (*2)		258		(265	)		—		—
Debt securities (*3)		1,343		(1,360	)		—		—
Equity securities (*2) (*4) (*5)		23,858		(17,454	)		—		—
Beneficiary certificates (*5) (*6)		55,124		(52,986	)		—		—
Others (*4)		2,731		(2,458	)		—		—
Financial assets at FVTOCI
Equity securities (*5)		—		—			50,556		(44,137	)
Total		83,333		(74,542	)		50,556		(44,137	)
(*1)	Fair value changes of equity related derivatives assets and liabilities are calculated by increasing or<br>decreasing liquidation value or discount rate, which are major unobservable variables, by 1%p each, respectively.
---	---
(*2)	Fair value changes of equity securities are calculated by increasing or decreasing the correlation between the<br>key unobservable inputs—growth rate (0%p~1%p) and discount rate, or liquidation value (-1%~1%) and discount rate.
---	---
(*3)	Fair value changes of equity securities are calculated by increasing or decreasing stock price volatility,<br>which is major unobservable variables, by 10%.
---	---
(*4)	Fair value changes of equity securities are calculated by increasing or decreasing stock price (-10%~10%) and volatility (-10%~10%), which are major unobservable variables.
---	---
(*5)	Fair value changes of equity securities are calculated by increasing or decreasing discount rate (-1%p~1%p) and growth rate (-1%p~1%p) and or liquidation value (-1%p~1%p), which are major unobservable variables.<br>
---	---
(*6)	Even if the sensitivity analysis of the capital contributions and beneficiary certificates is not possible in<br>practice, fair value changes of beneficiary certificates and other securities whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing liquidation value of real estate which is underlying assets<br>and discount rate by 1%p.
---	---
(5)	Fair value and carrying amount of financial assets and liabilities that are recorded at amortized cost are as<br>follows (Unit: Korean Won in millions). Fair value information for cash that is not measured at fair value because the carrying amount is a reasonable approximation of fair value is not included.
---	---
	March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Fair value								Carrying<br>amount
	Level 1		Level 2		Level 3		Total
Financial assets:
Securities at amortized cost		6,918,662		11,668,329		—		18,586,991		18,767,880
Loans and other financial assets at amortized cost		—		20,692,002		405,046,069		425,738,071		424,243,666
Financial liabilities:
Deposits due to customers		—		373,031,517		—		373,031,517		372,424,821
Borrowings		—		34,028,025		565,481		34,593,506		34,659,852
Debentures		—		51,668,349		1,279,361		52,947,710		53,430,972
Investment contract liabilities		—		—		3,378,712		3,378,712		3,378,712
Other financial liabilities (*)		—		49,281,464		1,544,701		50,826,165		50,905,606
(*)	Lease liabilities are excluded as of March 31, 2026.
---	---

• 71 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	December 31, 2025
	Fair value								Carrying<br>amount
	Level 1		Level 2		Level 3		Total
Financial assets:
Securities at amortized cost		6,900,333		11,750,572		—		18,650,905		18,707,459
Loans and other financial assets at amortized cost		—		9,214,407		405,939,832		415,154,239		412,495,783
Financial liabilities:
Deposits due to customers		—		376,725,914		—		376,725,914		376,580,845
Borrowings		—		33,953,026		184,609		34,137,635		34,183,267
Debentures		—		54,302,059		1,256,084		55,558,143		55,583,392
Investment contract liabilities		—		—		3,433,611		3,433,611		3,433,611
Other financial liabilities (*)		—		36,473,258		932,195		37,405,453		37,576,486
(*)	Lease liabilities are excluded as of December 31, 2025.
---	---

The fair values of financial instruments are measured using quoted market price in active markets. In case there is no active market for financial instruments, the Group determines the fair value by using valuation methods. Valuation methods and input variables for financial assets and liabilities that are measured at amortized cost are given as follows:

	Valuation methods	Input variables
Securities at amortized cost	The fair value is measured by discounting the projected cash flows of debt securities by applying<br>risk-free market rate with credit spread.	Risk-free market rate and credit<br>spread
Loans and other financial assets at amortized cost	The fair value is measured by discounting the projected cash flows of loan products by applying<br>the market discount rate that has been applied to a proxy company that has similar credit rating to the debtor.	Risk-free market rate, credit spread and prepayment rate
Deposits due to customers, borrowings, debentures and other financial liabilities	The fair value is measured by discounting the projected cash flow of debt products by applying the<br>market discount rate that is reflecting credit rating of the Group or the market discount rate used for similar in products.	Risk-free market rate, credit spread and forward rate
Investment contract liabilities	Since it is difficult to derive reliable expected cash flows, the book value of the reserves<br>calculated in accordance with the Insurance Business Act and the Insurance Supervisory Regulations was used as a proxy for fair value.	—
(6)	Deferred day 1 profits or losses
---	---

Changes in deferred day 1 profits or losses are as follows (Unit: Korean Won in millions):

	For the three-month period ended March 31
	2026		2025
Beginning balance		—		28
Amounts recognized in losses		—		(28	)
Ending balance		—		—

In case some variables to measure fair values of financial instruments are not observable in the market, valuation techniques are utilized to evaluate such financial instruments. Those financial instruments are recorded the transaction price as at the time of acquisition, even though there are difference noted between the transaction price and the fair value. The table above presents the difference yet to be realized as profit or loss as of March 31, 2026 and 2025.

• 72 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(7)	Financial instruments by category

Carrying amounts of financial assets and liabilities by each category are as follows (Unit: Korean Won in millions):

	March 31, 2026
Financial assets	Financial assets at<br>FVTPL		Financial assets at<br>FVTOCI		Financial<br>assets at<br>amortized cost		Derivatives<br>assets<br>(designated for<br>hedging)		Total
Deposits		303,916		—		3,486,168		—		3,790,084
Securities		27,489,300		81,749,385		18,767,880		—		128,006,565
Loans		810,540		10,928		397,896,585		—		398,718,053
Derivative assets		8,343,712		—		—		150,822		8,494,534
Other financial assets		90,593		—		22,860,913		—		22,951,506
Total		37,038,061		81,760,313		443,011,546		150,822		561,960,742
	March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
Financial liabilities	Financial liabilities at<br>FVTPL		Financial<br>liabilities<br>designated to<br>be measured<br>at FVTPL		Financial<br>liabilities at<br>amortized cost		Derivatives<br>liabilities<br>(designated for<br>hedging)		Total
Deposits due to customers		304,098		439,941		372,424,821		—		373,168,860
Borrowings		460,274		—		34,659,852		—		35,120,126
Debentures		—		—		53,430,972		—		53,430,972
Investment contract liabilities		—		—		3,378,712		—		3,378,712
Derivative liabilities		7,473,900		—		—		1,110,170		8,584,070
Other financial liabilities (*)		—		—		50,905,606		—		50,905,606
Total		8,238,272		439,941		514,799,963		1,110,170		524,588,346
(*)	Lease liabilities are excluded as of March 31, 2026.
---	---
	December 31, 2025
---	---	---	---	---	---	---	---	---	---	---
Financial assets	Financial assets at<br>FVTPL		Financial assets at<br>FVTOCI		Financial<br>assets at<br>amortized cost		Derivatives<br>assets<br>(designated for<br>hedging)		Total
Deposits		261,470		—		2,674,644		—		2,936,114
Securities		26,997,640		83,489,281		18,707,459		—		129,194,380
Loans		1,126,446		10,241		398,706,030		—		399,842,717
Derivative assets		5,774,203		—		—		217,180		5,991,383
Other financial assets		85,716		—		11,115,109		—		11,200,825
Total		34,245,475		83,499,522		431,203,242		217,180		549,165,419
	December 31, 2025
---	---	---	---	---	---	---	---	---	---	---
Financial liabilities	Financial liabilities at<br>FVTPL		Financial<br>liabilities<br>designated to<br>be measured<br>at FVTPL		Financial<br>liabilities at<br>amortized cost		Derivatives<br>liabilities<br>(designated for<br>hedging)		Total
Deposits due to customers		263,251		467,501		376,580,845		—		377,311,597
Borrowings		496,518		—		34,183,267		—		34,679,785
Debentures		—		—		55,583,392		—		55,583,392
Investment contract liabilities		—		—		3,433,611		—		3,433,611
Derivative liabilities		5,129,664		—		—		615,361		5,745,025
Other financial liabilities (*)		—		—		37,576,486		—		37,576,486
Total		5,889,433		467,501		507,357,601		615,361		514,329,896
(*)	Lease liabilities are excluded as of December 31, 2025.
---	---

• 73 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

12.	INVESTMENTS IN JOINT VENTURES AND ASSOCIATES
(1)	Investments in associates accounted for using the equity method of accounting are as follows:<br>
---	---
		Percentage of ownership (%)
---	---	---	---	---	---	---	---
Joint ventures and associates	Main business	March 31,<br><br><br>2026	December 31,<br>2025		Location	Financial<br>statements as of
Woori Bank
W Service Networks Co., Ltd. (*1) (*4)	Freight & staffing<br><br><br>services	4.9		4.9	Korea		2026-02-28
Korea Credit Bureau Co., Ltd. (*2)	Credit information	9.9		9.9	Korea		2026-03-31
Korea Finance Security Co., Ltd. (*2) (*4)	Security service	15.0		15.0	Korea		2026-02-28
Wongwang Co., Ltd. (*3)	Wholesale and real estate	29.0		29.0	Korea		—
Sejin Construction Co., Ltd. (*3)	Construction	29.6		29.6	Korea		—
ARES-TECH Co., Ltd. (*3)	Electronic component<br><br><br>manufacturing	23.4		23.4	Korea		—
Beomgyo., Ltd. (*3)	Telecommunication equipment retail sales	23.1		23.1	Korea		—
K BANK Co., Ltd. (*7)	Finance	—		12.0	Korea		—
Partner One Value Up I Private Equity Fund	Other financial services	23.3		23.3	Korea		2026-03-31
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership (*3)	Other financial services	20.0		20.0	Korea		2026-03-31
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund	Other financial services	25.0		25.0	Korea		2026-03-31
LOTTE CARD Co., Ltd. (*4)	Credit card and installment financing	20.0		20.0	Korea		2025-12-31
Union Technology Finance Investment Association	Other financial services	29.7		29.7	Korea		2026-03-31
Orient Shipyard Co., Ltd. (*3) (*4)	Manufacture of<br><br><br>sections for ships	22.7		22.7	Korea		2025-12-31
Win Mortgage Co., Ltd. (*1) (*4)	Other financial services	4.5		4.5	Korea		2025-12-31
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]	Other financial services	100.0		100.0	Korea		2026-03-31
BTS 2nd Private Equity Fund	Other financial services	20.0		20.0	Korea		2026-03-31
STASSETS FUND III	Other financial services	28.3		28.3	Korea		2026-03-31
SF CREDIT PARTNERS, LLC(*2)	Other financial services	10.0		10.0	United States		2026-03-31
Dongwoo C & C Co., Ltd. (*3)	Construction	23.2		23.2	Korea		—
G2 Collection Co., Ltd. (*3)	Wholesale and retail sales	28.9		28.9	Korea		—
Woori Bank (*5)
Japanese Hotel Real Estate Private Equity Fund No.2	Other financial services	19.9		19.9	Korea		2026-03-31

• 74 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership (%)
Joint ventures and associates	Main business	March 31,<br><br><br>2026	December 31,<br>2025		Location	Financial<br>statements as of
Woori Seoul Beltway Private Special Asset Fund No.1	Trust and collective<br><br><br>investment	25.0		25.0	Korea		2026-03-31
Woori Smart General Private Equity Investment Trust 1(bond)	Collective investment business	28.6		28.6	Korea		2026-03-31
Woori Asset Global Partnership Fund No. 5	Collective<br><br><br>investment business	57.7		57.7	Korea		2026-03-31
Woori General Private Securities Investment Trust No. 5 (bond)	Collective<br><br><br>investment business	28.6		28.6	Korea		2026-03-31
Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond)	Collective investment business	8.5		8.7	Korea		2026-03-31
Woori General Private Securities Investment Trust No. 6 (bond)	Collective investment business	28.6		28.6	Korea		2026-03-31
Woori General Private Securities Investment Trust No. 8 (bond)	Collective<br><br><br>investment business	28.6		28.6	Korea		2026-03-31
Woori Smart General Private Equity Investment Trust No.1(bond)	Collective investment business	28.4		28.4	Korea		2026-03-31
Woori Future Energy Private Special Asset Investment Trust(General) No.1	Collective investment business	16.0		16.0	Korea		2026-03-31
Woori Financial Capital Co., Ltd.
WOORI TAERIM 1st Fund	Other financial services	25.6		25.6	Korea		2026-03-31
Darwin Green Packaging Private Equity Fund	Other financial services	20.4		20.4	Korea		2026-03-31
Koreawide partners 2nd Private Equity Fund	Other financial services	26.7		26.7	Korea		2026-03-31
Woori Investment Securities Co., Ltd.
Lux-Mason Innovation Technology Fund#2	Other financial services	23.1		23.1	Korea		2026-03-31
AIP NMC Venture Fund No.1	Other financial services	26.8		26.8	Korea		2026-03-31
ST Fund No.52 (*11)	Other financial services	45.5		—	Korea		2026-03-31
AP K-Beauty Investment Fund 1 (*11)	Other financial services	68.2		—	Korea		2026-03-31
Wanted Lab 2601 New Technology Investment Fund (*11)	Other financial services	23.8		—	Korea		2026-03-31
Best New Mobility New Technology Investment Fund<br>2^nd^ (*11)	Other financial services	46.9		—	Korea		2026-03-31
Pioneer Investment Fund 3 (*11)	Other financial services	31.3		—	Korea		2026-03-31
Woori Investment Securities Co., Ltd. (*5)
Woori FirstValue Private Real Estate Fund No.2	Real estate business	12.0		12.0	Korea		2026-03-31
Tongyang Life Insurance Co., Ltd. (*5)
Woori Global Secondary Private Placement Investment Trust No. 2	Collective investment business	12.0		12.0	Korea		2026-03-31
Woori Big Satisfaction Corporation MMF No. 1 (Government Bond)	Collective investment business	1.0		0.7	Korea		2026-03-31

• 75 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership (%)
Joint ventures and associates	Main business	March 31,<br><br><br>2026	December 31,<br>2025		Location	Financial<br>statements as of
ABL Life Insurance Co., Ltd. (*5)
Woori GS West Street Strategic Solutions General Type Private Special Asset Investment Trust<br>No.1	Collective investment business	25.0		25.0	Korea		2026-03-31
Woori PGIF4 General Type Private Special Asset Investment Trust No.1	Collective investment business	20.0		20.0	Korea		2026-03-31
Woori Asset Management Co. Ltd.
Woori Following Foreigners 40 Securities Sub-Investment<br>Trust [Bond Mixed-Fund of Funds] (*11)	Other financial services	23.2		—	Korea		2026-03-31
Woori Private Equity Asset Management Co., Ltd.
Australia Green Energy 1st PEF(*10)	Other financial services	4.0		4.0	Korea		2026-03-31
Aarden Woori Apparel 1st Private Equity Fund (*10)	Other financial services	0.5		0.5	Korea		2026-03-31
NH Woori Dino Co-Investment NO.2 Private Equity Fund<br>(*10)	Other financial services	4.8		4.8	Korea		2026-03-31
Woori Bailey National Growth Private Equity Fund (*11)	Other financial services	0.8		—	Korea		2026-03-31
Woori Financial F&I Co., Ltd.
KCLAVIS NPL Investment Trust NO 1-2	Collective investment business	35.9		35.9	Korea		2026-03-31
Capstone Special Restructuring Private Investment Trust No.4	Collective investment business	46.2		46.2	Korea		2026-03-31
Woori Venture Partners Co., Ltd.
KTB-KORUS FUND(*8)	Asset Management	37.5		37.5	Korea		2026-03-31
KTBN Venture Fund No.8(*8) (*9)	Asset Management	21.7		21.7	Korea		2026-03-31
KTBN Digital Contents Korea Fund No.9(*7)	Asset Management	—		30.0	Korea		—
KTBN Media Contents Fund (*8) (*9) (*10)	Asset Management	15.0		15.0	Korea		2026-03-31
KTB China Synergy Fund(*8) (*9) (*10)	Asset Management	15.1		15.1	Korea		2026-03-31
KTBN Venture Fund No.13(*8) (*9) (*10)	Asset Management	19.6		19.6	Korea		2026-03-31
KTBN Future Contents Fund(*9) (*10)	Asset Management	13.3		13.3	Korea		2026-03-31
KTBN Venture Fund No.16(*10)	Asset Management	10.3		10.3	Korea		2026-03-31
KTBN Venture Fund No.18(*10)	Asset Management	10.1		10.1	Korea		2026-03-31
KB-KTB Technology Venture Fund(*10)	Asset Management	18.2		18.2	Korea		2026-03-31
Woori 2022 Scaleup Venture Fund	Asset Management	20.0		20.0	Korea		2026-03-31
Woori 2022 Start-up Venture Fund	Asset Management	30.1		30.1	Korea		2026-03-31
Woori 2025 Secondary Fund	Asset Management	20.0		20.0	Korea		2026-03-31
Woori Venture-EverBest Corporate Turnaround Private Equity Fund (*10) (*11)	Asset Management	22.9		—	Korea		2026-03-31
Chirochem	Medical material Manufacturing	28.6		28.6	Korea		2026-03-31

• 76 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership (%)
Joint ventures and associates	Main business	March 31,<br><br><br>2026	December 31,<br>2025		Location	Financial<br>statements as of
Japanese Hotel Real Estate Private Equity Fund 1
Godo Kaisha Oceanos 1 (*7)	Other financial services	—		47.8	Japan		—
Woori ESG Infrastructure Development General Type Private Investment Trust No.1
Ulsan Yeocheon Development Co., Ltd.	Sewage and wastewater management	50.0		50.0	Korea		2026-03-31
Woori bank and Woori card Co., Ltd. (*5)
SJCO Co., Ltd. (*3)	Aggregate transportation and wholesale	29.8		29.8	Korea		—
KG Fashion Co., Ltd. (*3)(*4)	Manufacturing	20.8		20.8	Korea		2026-02-28
Kyesan Engineering Co., Ltd. (*3)	Construction	23.3		23.3	Korea		—
Good Software Lap Co., Ltd. (*3)	Service	29.4		29.4	Korea		—
DAEA SNC Co., Ltd. (*3)	Wholesale and retail sales	25.5		25.5	Korea		—
PREXCO Co., Ltd. (*3)	Manufacturing	28.1		28.1	Korea		—
JiWon Plating Co., Ltd. (*3)	Plating	20.8		20.8	Korea		—
Youngdong Sea Food Co., Ltd. (*3)	Processed sea food manufacturing	24.5		24.5	Korea		—
KUM HWA Co., Ltd. (*3)	Telecommunication equipment retail sales	20.1		20.1	Korea		2026-03-31
Jinmyung Plus Co., Ltd. (*3)	Manufacturing	21.3		21.3	Korea		—
Rea Company (*3)	Manufacturing	26.1		26.1	Korea		—
ARAM CMC Co., Ltd. (*3)	Manufacturing	20.1		20.1	Korea		—
MARKET&FARM CO., LTD. (*3)	Wholesale and<br><br><br>commodity brokerage	23.7		23.7	Korea		2026-03-31
SAMJI TEXTILE CO., LTD. (*3)	Wholesale and commodity brokerage	29.8		29.8	Korea		—
TH International Co., LTD (*3)	Cosmetics wholesale and general travel services	21.5		21.5	Korea		—
Woori bank and Woori Financial Capital Co., Ltd. (*5)
JC Assurance No.2 Private Equity Fund (*8)	Other financial services	23.4		23.4	Korea		—
Genesis Eco No.1 Private Equity Fund	Other financial services	29.0		29.0	Korea		2026-03-31
Paratus Woori Material Component Equipment joint venture company	Other financial services	29.9		29.9	Korea		2026-03-31
Midas No. 8 Private Equity Joint Venture Company	Other financial services	28.5		28.5	Korea		2026-03-31
Orchestra Private Equity Fund IV	Other financial services	28.2		28.2	Korea		2026-03-31
Synaptic Green No.1 PEF	Other financial services	21.1		21.1	Korea		2026-03-31
IGEN2023No. 1 Private Equity Fund	Other financial services	24.8		24.8	Korea		2026-03-31
PCC-Woori LP Secondary Fund	Other financial services	38.8		38.8	Korea		2026-03-31

• 77 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership (%)
Joint ventures and associates	Main business	March 31,<br><br><br>2026	December 31,<br>2025		Location	Financial<br>statements as of
Synaptic Future Growth Private Equity Fund 1	Other financial investment	23.8		23.8	Korea		2026-03-31
Woori bank and Tongyang Life Insurance Co., Ltd. (*5)
VOGO Fund (*3)	Other financial investment	24.0		24.0	Korea		—
Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust<br>No.1	Collective investment business	14.6		14.6	Korea		2026-03-31
Woori Investment Securities Co., Ltd. and Woori Financial Capital Co., Ltd. (*5)
Healthcare Investmetnt Fund	Other financial investment	28.8		28.8	Korea		2026-03-31
Woori Asset Management Co., Ltd. and Tongyang Life Insurance Co., Ltd. (*5)
Woorinara Short-Term Bond Securities Investment Trust (Bond)	Collective investment business	1.7		6.8	Korea		2026-03-31
ABL Life Insurance Co., Ltd. and Woori Asset Management Co., Ltd. (*5)
Woori Together TDF 2025	Collective investment business	19.4		17.2	Korea		2026-03-31
Woori Together TDF 2030	Collective investment business	16.8		17.3	Korea		2026-03-31
Woori Together TDF 2035	Collective investment business	4.4		4.3	Korea		2026-03-31
Woori Together TDF 2040	Collective investment business	19.1		20.4	Korea		2026-03-31
Woori Investment Securities Co., Ltd. and Woori Asset Management Co., Ltd. (*5)
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2	Collective investment business	5.7		4.4	Korea		2025603-31
Woori Bank and Woori Private Equity Asset Management Co., Ltd. (*5)
Woori-Q Corporate Restructuring Private Equity Fund<br>(*6)	Trust and collective investment	34.3		34.3	Korea		2026-03-31
Woori Eugene Energy Link Private Equity Fund	Other financial services	7.9		7.9	Korea		2026-03-31
Woori NH Co-Growth Private Equity Fund I	Other financial services	20.0		20.0	Korea		2026-03-31
ABL Life Insurance Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (*5)
Woori Dyno 1st Private Equity Fund (*10)	Other financial services	49.0		19.6	Korea		2026-03-31

• 78 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		Percentage of ownership (%)
Joint ventures and associates	Main business	March 31,<br><br><br>2026	December 31,<br>2025		Location	Financial<br>statements as of
Woori Bank, ABL Life Insurance Co., Ltd. and Woori Private Equity Asset Management Co., Ltd.<br>(*5)
Woori IMM Green Net Zero Fund	Other financial services	23.6		23.6	Korea		2026-03-31
Woori Financial Capital Co., Ltd., Woori Private Equity Asset Management Co., Ltd. (*5)
NH Woori New deal Co-Investment No.1 Private Equity<br>Fund	Other financial services	19.5		19.5	Korea		2026-03-31
Woori Venture Partners Co., Ltd., ABL Life Insurance Co., Ltd. and Woori Asset Management Corp.<br>(*5)
Woori BIG SATISFACTION SHINJONG MMF 3rd	Collective investment business	1.7		6.4	Korea		2026-03-31
Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd. and Woori<br>Private Equity Asset Management Co., Ltd. (*5)
Woori-Shinyoung Growth-Cap Private Equity Fund I	Other financial services	35.0		35.0	Korea		2026-03-31
NH Woori Newdeal Growth Alpha Private Equity Fund 1	Other financial services	33.0		33.0	Korea		2026-03-31
Woori Bank, Woori card Co., Ltd., Woori Investment Securities Co., Ltd. and Woori Asset Management<br>Corp. (*5)
Woori Real Estate Investment No. 1 Limited Liability Company	Collective investment business	19.9		19.9	Korea		2026-03-31
(*1)	Most of the significant business transactions of associates are with the Group as of March 31, 2026 and<br>December 31, 2025.
---	---
(*2)	The Group can participate in decision-making body and exercise significant influence over financial policies<br>and operational policies decision making of the associates.
---	---
(*3)	There is no investment balance as of March 31, 2026 and December 31, 2025.
---	---
(*4)	The equity method was applied using the most recent financial statements available from the settlement date<br>because no financial statements were available at the end of the reporting period and the significant transactions or events that occurred between the end of the reporting period of the associate and the end of the reporting period of the subsidiary<br>were duly reflected.
---	---
(*5)	Two or more subsidiaries may invest or operate to exert significant influence on the decision-making process<br>for activities related to the investee.
---	---
(*6)	It was classified as an associate due to holding of voting rights according to the initial investment agreement<br>ratio.
---	---
(*7)	It was excluded from associates in current year. (*8) It has been liquidating as of December 31, 2026.<br>
---	---
(*9)	In the event of liquidation, if the distribution payments made or to be made to the cooperative members are<br>less than their contributions, an agreement has been made whereby the shortage will be covered, up to a certain amount within the investment, giving priority to specific shareholders over others.
---	---
(*10)	The Group classified it as an associate because it has significant influence as a general partner of the<br>investment association.
---	---
(*11)	It was added to associates in current year.
---	---

• 79 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Changes in the carrying value of investments in associates accounted for using the equity method of accounting<br>are as follows (Unit: Korean Won in millions):
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Acquisition<br>cost		January 1,<br>2026		Share of<br>profits(losses), etc			Acquisition		Disposal/<br>Reclassification			Dividends			Change in<br>capital, etc		March 31,<br>2026
W Service Networks Co., Ltd.		108		204		(9	)		—		—			(5	)		—		190
Korea Credit Bureau Co., Ltd.		3,313		12,354		220			—		—			(450	)		—		12,124
Korea Finance Security Co., Ltd.		3,267		3,832		(2	)		—		—			—			—		3,830
K BANK Co., Ltd.		—		269,700		—			—		(269,700	)		—			—		—
Partner One Value Up I Private Equity Fund		5,039		2,010		(525	)		—		—			—			—		1,485
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership		—		1,235		—			—		—			—			—		1,235
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund		4,630		4,630		(590	)		—		—			—			—		4,040
LOTTE CARD Co., Ltd.		346,810		590,619		(2,771	)		—		—			(4,723	)		6,077		589,202
Union Technology Finance Investment Association		13,449		9,283		(485	)		—		—			—			—		8,798
Orient Shipyard Co., Ltd.(*)		—		—		—			—		—			—			—		—
Win Mortgage Co.,Ltd.		23		101		(23	)		—		—			—			—		78
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]		10,000		11,082		55			—		—			—			—		11,137
BTS 2nd Private Equity Fund		9,823		8,244		58			1,058		—			—			—		9,360
STASSETS FUND III		15,000		12,439		(1,441	)		1,500		—			—			—		12,498
SF CREDIT PARTNERS, LLC		15,504		19,016		345			—		—			—			1,023		20,384
Ulsan Yeocheon Development Co., Ltd.		207		201		(5	)		—		—			—			—		196
Japanese Hotel Real Estate Private Equity Fund No.2		3,080		2,696		(4	)		—		(48	)		—			92		2,736
Woori Seoul Beltway Private Special Asset Fund No.1		20,797		19,929		168			1,030		—			(163	)		—		20,964
Woori Smart General Private Equity Investment Trust 1(bond)		40,000		40,525		172			—		—			—			—		40,697
Woori Asset Global Partnership Fund No.5		82,106		75,146		5,002			11,250		(1,636	)		(1,526	)		—		88,236
Woori General Private Securities Investment Trust No. 5 (bond)		60,000		60,013		366			—		—			—			—		60,379
Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond)		10,000		10,172		(58	)		—		—			(213	)		—		9,901
Woori General Private Securities Investment Trust No. 6 (bond)		40,000		40,914		260			—		—			(1,166	)		—		40,008
Woori General Private Securities Investment Trust No. 8 (bond)		40,000		39,840		(149	)		—		—			—			—		39,691
Woori Smart General Private Equity Investment Trust No.1(bond)		40,000		39,703		125			—		—			—			—		39,828
Woori Future Energy Private Special Asset Investment Trust(General) No.1		—		—		—			—		—			—			—		—
WOORI TAERIM 1st Fund		1,100		988		—			—		—			—			—		988
Darwin Green Packaging Private Equity Fund		4,000		3,901		—			—		—			—			—		3,901
Koreawide partners 2nd Private Equity Fund		20,000		18,842		(380	)		—		—			—			—		18,462
Lux-Mason Innovation Technology Fund#2		1,500		1,498		(8	)		—		—			—			—		1,490
AIP NMC Venture Fund No.1		2,000		1,997		(10	)		—		—			—			—		1,987
ST Fund No.52		1,000		—		(20	)		1,000		—			—			—		980
AP K-Beauty Investment Fund 1		1,500		—		(5	)		1,500		—			—			—		1,495
Wanted Lab 2601 New Technology Investment Fund		1,000		—		(19	)		1,000		—			—			—		981
Best New Mobility New Technology Investment Fund 2nd		750		—		(2	)		750		—			—			—		748
Pioneer Investment Fund 3		500		—		(2	)		500		—			—			—		498

• 80 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month period ended March 31, 2026
	Acquisition<br>cost		January 1,<br>2026		Share of<br>profits(losses), etc			Acquisition		Disposal/<br>Reclassification			Dividends			Change in<br>capital, etc		March 31,<br>2026
Woori FirstValue Private Real Estate Fund No.2se		9,000		212		(1	)		—		—			—			—		211
Woori Global Secondary Private Placement Investment Trust No. 2		10,626		11,011		177			446		(653	)		(418	)		—		10,563
Woori Big Satisfaction Corporation MMF No. 1 (Government Bond)		59,467		30,645		43			60,000		(30,645	)		—			—		60,043
Woori GS West Street Strategic Solutions General Type Private Special Asset Investment Trust<br>No.1		23,417		29,588		903			—		(2,303	)		(593	)		—		27,595
Woori PGIF4 General Type Private Special Asset Investment Trust No.1		22,368		24,850		468			1,117		—			—			—		26,435
Woori Following Foreigners 40 Securities Sub-Investment<br>Trust [Bond Mixed-Fund of Funds]		1,500		—		83			—		1,565			—			—		1,648
Australia Green Energy 1st PEF		4,913		5,445		48			—		—			—			—		5,493
Aarden Woori Apparel 1st Private Equity Fund		100		93		(1	)		—		—			—			—		92
NH Woori Dino Co-Investment NO.2 Private Equity<br>Fund		2,000		2,035		3			—		—			—			—		2,038
Woori Bailey National Growth Private Equity		2,900		—		(2	)		2,900		—			—			—		2,898
KCLAVIS NPL Investment Trust NO 1-2		15,000		17,146		413			—		—			—			—		17,559
Capstone Special Restructuring Private Investment Trust No.4		15,000		15,113		358			—		—			(357	)		—		15,114
KTB-KORUS FUNDv		—		757		(25	)		—		—			—			—		732
KTBN Venture Fund No.8		195		1,029		4			—		—			—			—		1,033
KTBN Digital Contents Korea Fund No.9		—		2,181		(767	)		—		(1,414	)		—			—		—
KTBN Media Contents Fund		—		204		—			—		—			—			—		204
KTB China Synergy Fund		11,775		18,039		(393	)		—		—			—			—		17,646
KTBN Venture Fund No.13		—		29,240		(1,684	)		—		(400	)		(3,816	)		—		23,340
KTBN Future Contents Fund		2,356		3,006		(10	)		—		—			—			—		2,996
KTBN Venture Fund No.16		4,400		19,585		223			—		(4,600	)		—			—		15,208
KTBN Venture Fund No.18		25,650		21,429		93			—		—			—			—		21,522
KB-KTB Technology Venture Fundv		10,000		8,457		(216	)		—		—			—			—		8,241
WOORI 2022 Scaleup Venture Fund		54,824		52,411		562			—		—			—			—		52,973
Woori 2022 Start-up Venture Fund		13,100		11,652		(43	)		—		—			—			—		11,609
Woori 2025 Secondary Fund		6,188		6,157		(91	)		—		—			—			—		6,066
Woori Venture-EverBest Corporate Turnaround Private Equity Fund		—		—		—			—		—			—			—		—
Chirochem		250		161		—			—		—			—			—		161
Godo Kaisha Oceanos 1		—		—		—			—		—			—			—		—
KG Fashion Co., Ltd.(*)		—		—		—			—		—			—			—		—
KUM HWA Co., Ltd. (*)		—		—		—			—		—			—			—		—
Jinmyung Plus Co., Ltd.		—		11		—			—		—			—			—		11
Rea Company (*)		—		—		—			—		—			—			—		—
Market&Farm Co., Ltd (*)		—		—		—			—		—			—			—		—
JC Assurance No.2 Private Equity Fund (*)		29,349		—		—			—		—			—			—		—
Genesis Eco No.1 Private Equity Fund		12,000		11,018		(228	)		—		—			—			—		10,790
Paratus Woori Material Component Equipment joint venture company (*)		—		8,090		1,244			—		(9,334	)		—			—		—
Midas No. 8 Private Equity Joint Venture Company		18,419		17,971		—			—		—			—			—		17,971
Orchestra Private Equity Fund IV		9,700		9,588		(36	)		—		—			—			—		9,552
Synaptic Green No.1 PEF		8,000		9,047		(1,102	)		—		—			—			—		7,945
IGEN2022No. 1 Private Equity Fundv		5,130		6,012		340			—		(185	)		(127	)		—		6,040
PCC-Woori LP Secondary Fund		9,659		8,138		85			—		(776	)		—			—		7,447

• 81 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month period ended March 31, 2026
	Acquisition<br>cost		January 1,<br>2026		Share of<br>profits(losses), etc			Acquisition		Disposal/<br>Reclassification			Dividends			Change in<br>capital, etc		March 31,<br>2026
Synaptic Future Growth Private Equity Fund		7,188		8,089		1,314			35		—			—			—		9,438
Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust<br>No.1		658		—		1			658		—			—			—		659
Healthcare Investment Fund		1,315		2,941		419			—		(1,652	)		—			—		1,708
Woorinara Short-Term Bond Securities Investment Trust (Bond)		15,821		40,280		3			16,000		(40,061	)		—			—		16,222
Woori Together TDF 2025		3,225		3,866		10			—		—			—			—		3,876
Woori Together TDF 2030		3,863		5,058		(22	)		—		—			—			—		5,036
Woori Together TDF 2035		1,912		2,396		(35	)		—		—			—			—		2,361
Woori Together TDF 2040		3,377		4,437		(28	)		—		—			—			—		4,409
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2		5,037		5,516		93			207		—			—			—		5,816
Woori-Q Corporate Restructuring Private Equity<br>Fund		28,209		33,023		1,806			—		—			—			—		34,829
Woori Eugene Energy Link Private Equity Fund		5,500		5,699		(63	)		—		—			—			—		5,636
Woori NH Co-Growth Private Equity Fund I		5,280		6,189		1,546			—		—			—			—		7,735
Woori Dyno 1st Private Equity Fund		5,454		3,628		2,436			3,454		—			—			—		9,518
Woori IMM Green Net Zero Fund		9,960		10,370		839			—		—			—			—		11,209
NH Woori Newdeal Growth Alpha Private Equity Fund 1		5,000		3,692		(357	)		—		—			—			—		3,335
Woori BIG SATISFACTION SHINJONG MMF<br>3^rd^		80,947		130,389		(374	)		192,000		(237,312	)		—			—		84,703
Woori-Shinyoung Growth-Cap Private Equity Fund I		10,579		36,324		3,708			—		—			—			—		40,032
NH Woori New deal Co-Investment No.1 Private Equity<br>Fund		60,031		61,402		11,687			—		—			—			—		73,089
Woori Real Estate Investment No. 1 Limited Liability Company		34,200		35,274		4,966			—		(96	)		—			—		40,144
		1,471,372		2,080,008		28,660			296,405		(599,250	)		(13,557	)		7,192		1,799,458
(*)	The amount for which no loss was recognized for associates due to discontinuation of the equity method was<br>98 million Won in Paratus Woori Material Component Equipment joint venture company ,7 million Won in Orient Shipyard Co., Ltd., 6 million Won in KG FASHION CO., LTD., 6 million Won for Market&Farm Co., Ltd. and the<br>accumulated amount is 98 million Won in Paratus Woori Material Component Equipment joint venture company, 55 million Won for Orient Shipyard Co., Ltd., 195 million Won in KG FASHION CO., LTD., 118 million Won for Rea Company,<br>4 million Won for KUM HWA Co., Ltd., 44 million Won for Market&Farm Co., Ltd., 672 million Won in JC Assurance No.2 Private Equity Fund.
---	---
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Acquisition<br>cost		January 1,<br>2025		Share of<br>profits(losses), etc			Acquisition		Disposal/<br>Reclassification		Dividends			Change in<br>capital, etc		March 31,<br>2025
W Service Networks Co., Ltd.		108		204		(28	)		—		—		(5	)		—		171
Korea Credit Bureau Co., Ltd.		3,313		9,001		442			—		—		(90	)		—		9,353
Korea Finance Security Co., Ltd.		3,267		3,616		29			—		—		—			—		3,645
K BANK Co., Ltd.		224,657		262,250		(1,869	)		—		—		—			162		260,543
Partner One Value Up I Private Equity Fund		5,039		2,123		(31	)		—		—		—			—		2,092
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership		—		2,263		(8	)		—		—		—			—		2,255
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund		4,532		4,532		—			—		—		—			—		4,532
LOTTE CARD Co., Ltd.		346,810		575,580		5,012			—		—		(7,743	)		207		573,056
Union Technology Finance Investment Association		13,449		11,770		(2,385	)		—		—		—			—		9,385

• 82 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		January 1,<br>2025		Share of<br>profits(losses)<br>and others			Acquisition		Disposal/<br>Reclassification, etc.			Dividends			Change in<br>capital			March 31,<br>2025
Orient Shipyard Co., Ltd.(*)	—		—		—			—		—			—			—			—
Win Mortgage Co., Ltd.	23		135		(31	)		—		—			(9	)		—			95
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]	10,000		10,847		64			—		—			—			—			10,911
BTS 2nd Private Equity Fund	8,146		7,799		(42	)		—		—			—			—			7,757
STASSETS FUND III	12,000		11,178		(49	)		—		—			—			—			11,129
SF CREDIT PARTNERS, LLC	13,059		16,000		159			—		—			—			(35	)		16,124
Japanese Hotel Real Estate Private Equity Fund No.2	3,154		2,805		45			—		(12	)		(38	)		84			2,884
Woori Seoul Beltway Private Special Asset Fund No.1	16,975		16,076		140			1,049		—			(134	)		—			17,131
Woori Smart General Private Equity Investment Trust 1(bond)	40,000		41,783		513			—		—			—			—			42,296
Woori Asset Global Partnership Fund No.5	52,500		54,977		118			—		—			—			—			55,095
Woori General Private Securities Investment Trust No. 5 (bond)	60,000		60,024		817			—		—			—			—			60,841
Woori Big Satisfaction General Private Securities Investment
Trust No. 3 (bond)	10,000		10,493		142			—		—			(603	)		—			10,032
Woori General Private Securities Investment Trust No. 6 (bond)	40,000		42,090		549			—		—			(2,552	)		—			40,087
Woori General Private Securities Investment Trust No. 7 (Bond)	40,000		41,116		610			—		—			—			—			41,726
Woori Smart General Private Equity Investment Trust No.1(bond)	40,000		40,477		457			—		—			—			—			40,934
Woori Future Energy Private Special Asset Investment Trust(General) No.1	—		—		—			—		—			—			—			—
WOORI TAERIM 1st Fund	1,100		988		—			—		—			—			—			988
Portone-Cape Fund No.1	340		160		46			—		—			—			—			206
Darwin Green Packaging Private Equity Fund	4,000		3,904		—			—		—			—			—			3,904
Koreawide partners 2nd Private Equity Fund	20,000		19,235		(387	)		—		—			—			—			18,848
Woori FirstValue Private Real Estate Fund No.2	9,000		567		1			—		—			—			—			568
Woori Together TDF 2025	3,000		3,577		31			—		—			—			—			3,608
Woori Together TDF 2050	2,600		—		(141	)		—		3,005			—			—			2,864
Woori Together TDF 2030	3,000		3,724		35			—		(3,759	)		—			—			—
Woori Treasury Target Return Bond FoF	200		220		1			—		(221	)		—			—			—
Woori Together TDF 2035	3,000		3,448		39			—		(3,487	)		—			—			—
Australia Green Energy 1st PEF	4,913		5,264		(14	)		—		—			—			—			5,250
Aarden Woori Apparel 1st Private Equity Fund	100		95		23			—		—			—			—			118
Woori Dyno 1st Private Equity Fund	2,000		2,849		(5	)		—		—			—			—			2,844
NH Woori Dino Co-Investment NO.2 Private Equity Fund	2,200		1,996		6			200		—			—			—			2,202
Woori Eugene Energy Link Private Equity Fund	500		—		(25	)		500		—			—			—			475
KCLAVIS NPL Investment Trust NO 1-2	15,000		15,422		419			—		—			—			—			15,841
Capstone Special Restructuring Private Investment Trust No.4	15,000		—		—			15,000		—			—			—			15,000
KTB-KORUS FUND	337		1,789		—			—		—			—			—			1,789
KTBN Venture Fund No.8	195		1,529		—			—		—			—			—			1,529
KTBN Digital Contents Korea Fund No.9	7,020		5,006		6			—		—			—			—			5,012
KTBN Media Contents Fund	—		154		—			—		—			—			—			154
KTB China Synergy Fund	12,400		18,949		(177	)		—		—			—			—			18,772
NAVER-KTB Audio Contents Fund	300		248		—			—		—			—			—			248
KTBN Venture Fund No.13	4,400		15,659		61			—		—			—			—			15,720
KTBN Future Contents Fund	3,472		4,193		140			—		-528			—			—			3,805
KTBN Venture Fund No.16	12,200		15,853		1,023			—		—			—			—			16,876

All values are in US Dollars.

• 83 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month period ended March 31, 2025
	Acquisition<br>cost		January 1,<br>2025		Share of<br>profits(losses)<br>and others			Acquisition		Disposal/<br>Reclassification, etc.			Dividends			Change in<br>capital		March 31,<br>2025
KTBN Venture Fund No.18		27,075		25,506		(27	)		—		—			—			—		25,479
KB-KTB Technology Venture Fund		10,000		9,350		(107	)		—		—			—			—		9,243
WOORI 2022 Scaleup Venture Fund		27,720		17,809		149			6,776		—			—			—		24,734
WOORI 2022 Start-up Venture Fund		13,100		12,773		(62	)		—		—			—			—		12,711
KTBN GI Private Equity Fund		—		5		—			—		—			—			—		5
Chirochem		250		104		57			—		—			—			—		161
Godo Kaisha Oceanos 1		6,473		7,347		1,743			—		(4,327	)		(37	)		106		4,832
KG Fashion Co., Ltd.(*)		—		—		—			—		—			—			—		—
KUM HWA Co., Ltd. (*)		—		—		—			—		—			—			—		—
Jinmyung Plus Co., Ltd.		—		9		3			—		—			—			—		12
Rea Company (*)		—		—		—			—		—			—			—		—
Market&Farm Co., Ltd (*)		—		—		—			—		—			—			—		—
JC Assurance No.2 Private Equity Fund		29,349		—		—			—		—			—			—		—
HMS-Oriens 1st Fund		—		14,880		—			—		(14,880	)		—			—		—
Woori Senior Loan Private Placement Investment Trust No.1		17,595		17,517		195			—		—			(208	)		—		17,504
Genesis Eco No.1 Private Equity Fund		12,000		10,847		129			—		—			—			—		10,976
Paratus Woori Material Component Equipment joint venture company		17,700		16,714		(64	)		—		—			—			—		16,650
Midas No. 8 Private Equity Joint Venture Company		18,419		18,207		(64	)		—		—			—			—		18,143
Orchestra Private Equity Fund IV		9,700		9,610		(37	)		—		—			—			—		9,573
Synaptic Green No.1 PEF		8,000		7,499		(37	)		—		—			—			—		7,462
IGEN2022No. 1 Private Equity Fund		7,422		7,972		918			—		—			(790	)		—		8,100
PCC-Woori LP Secondary Fund		10,435		8,648		(52	)		—		—			—			—		8,596
Synaptic Future Growth Private Equity Fund		6,325		7,685		(353	)		—		(435	)		—			—		6,897
Healthcare Investment Fund		3,000		—		(57	)		—		3,000			—			—		2,943
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2		3,849		4,011		79			—		—			—			—		4,090
Woori-Q Corporate Restructuring Private Equity<br>Fund		29,627		34,007		(77	)		—		—			—			—		33,930
NH Woori Newdeal Growth Alpha Private Equity Fund 1		44,512		55,539		227			—		(5,506	)		(180	)		—		50,080
Woori BIG SATISFACTION SHINJONG MMF<br>3^rd^		45,083		41,984		311			8,000		(2,003	)		—			—		48,292
Woori-Shinyoung Growth-Cap Private Equity Fund I		16,555		29,696		664			—		(524	)		—			—		29,836
NH Woori New deal Co-Investment No.1 Private Equity<br>Fund		5,000		5,204		481			—		—			—			—		5,685
Woori Real Estate Investment No. 1 Limited Liability Company		34,200		33,919		230			—		—			—			—		34,149
		1,476,698		1,748,810		9,985			31,525		(29,677	)		(12,389	)		524		1,748,778
(*)	The amount for which no loss was recognized for associates due to discontinuation of the equity method was<br>13 million Won in KG FASHION CO., LTD., 8 million Won for Market&Farm Co.,Ltd., 3 million Won in JC Assurance No.2 Private Equity Fund and the accumulated amount is 4 million Won for KUM HWA Co., Ltd., 8 million Won for<br>Market&Farm Co.,Ltd., 47 million Won for Orient Shipyard Co.,Ltd., 172 million Won in KG FASHION CO., LTD., 118 million Won for Rea Company, 669 million Won in JC Assurance No.2 Private Equity Fund.
---	---

• 84 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

13.	OTHER ASSETS

Details of other assets are as follows (Unit: Korean Won in millions):

	March 31, 2026		December 31, 2025
Lease assets		3,814,805		3,823,620
Prepaid expenses		526,046		416,230
Advance payments		80,438		75,234
Non-operational assets		44,020		43,050
Others		60,275		66,594
Total		4,525,584		4,424,728
14.	FINANCIAL LIABILITIES AT FVTPL
---	---
(1)	Financial liabilities at FVTPL are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Financial instruments at fair value through profit or loss		8,238,272		5,889,433
Financial liabilities designated to be measured at FVTPL		439,941		467,501
Total		8,678,213		6,356,934
(2)	Financial liabilities at fair value through profit or loss are as follows (Unit: Korean Won in millions):<br>
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Deposits
Gold banking liabilities		304,098		263,251
Borrowings
Securities sold		460,274		496,518
Derivative liabilities		7,473,900		5,129,664
Total		8,238,272		5,889,433
(3)	Financial liabilities designated to be measured at FVTPL are as follows (Unit: Korean Won in millions):<br>
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Deposits due to customers
Time deposits		439,941		467,501

In accordance with documented risk management or investment strategies, the group manages a portfolio of financial instruments on a fair value basis and evaluates their performance. Therefore, under K-IFRS 1109 Financial Instrument, financial liabilities are designated to be measured at FVTPL as this provides more relevant information.

(4)	Changes in fair value due to change in credit risk reflected in financial liabilities designated to be measured<br>at FVTPL are as follows (Unit: Korean Won in millions):
	For the three-month<br>period ended<br>March 31, 2026			For the three-month<br>period ended<br>March 31, 2025
---	---	---	---	---	---	---
Financial liabilities designated to be measured at FVTPL at the end of each period		439,941			567,820
Changes in fair value due to change in credit risk (*)		110			(35	)
Accumulated change in fair value due to change in credit risk		(1,647	)		(1,866	)

• 85 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*)	The amounts recognized in other comprehensive income related to financial liabilities designated to be measured<br>at FVTPL are a loss of 110 million Won and a gain of 35 million Won during the three-month periods ended March 31, 2026 and 2025, with an accumulated profit of 1,647 million Won and 1,866 million Won, respectively.<br>

The adjustment to reflect the Group’s credit risk is considered in measuring the fair value of deposits due to customers. The Group’s credit risk is determined by adjusting credit spread observed in credit rating of the Group.

(5)	The difference between carrying amount and maturity amount of financial liabilities designated to be measured<br>at FVTPL are as follows (Unit: Korean Won in millions):
	March 31, 2026			December 31, 2025
---	---	---	---	---	---
Carrying amount		439,941			467,501
Nominal amount at maturity		450,000			450,000
Difference		(10,059	)		17,501
15.	DEPOSITS DUE TO CUSTOMERS
---	---

Details of deposits due to customers by type are as follows (Unit: Korean Won in millions):

	March 31, 2026			December 31, 2025
Deposits in local currency:
Deposits on demand		9,137,680			8,195,492
Savings deposits with withdrawal on demand		124,161,971			125,367,093
Other savings deposits		175,052,611			173,435,409
Mutual installment		17,361			18,219
Deposits on notes payables		3,357,711			3,685,924
Deposits on CMA		102,561			112,671
Certificate of deposits		6,689,972			9,274,299
Other deposits		917,369			955,588
Sub-total		319,437,236			321,044,695
Deposits in foreign currencies:
Foreign currency deposits		52,594,614			55,428,606
Present value discount		(87,074	)		(138,961	)
Customers’ deposits for beneficiary		480,045			246,505
Total		372,424,821			376,580,845
16.	BORROWINGS AND DEBENTURES
---	---
(1)	Details of borrowings are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026
---	---	---	---	---	---	---
	Lenders	Interest rate (%)		Amount
Borrowings in local currency:
Borrowings from The BOK	The BOK		1.0		1,824,691
Borrowings from government funds	Small Enterprise and Market Service and others		0.0 ~ 3.5		2,215,899
Others	The Korea Development Bank and others		0.0 ~ 4.7		9,393,889
Sub-total					13,434,479
Borrowings in foreign currencies:
Borrowings in foreign currencies	The Export-Import Bank of Korea and others		0.8 ~ 10.0		14,124,993
Bills sold	Others		0.0 ~ 2.0		1,960
Call money	Bank and others		1.3 ~ 10.0		2,364,791
Bonds sold under repurchase agreements	Other financial institutions		0.0 ~ 14.7		4,737,008
Present value discount					(3,379	)
Total					34,659,852

• 86 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	December 31, 2025
	Lenders	Interest rate (%)		Amount
Borrowings in local currency:
Borrowings from The BOK	The BOK		1.0		1,845,239
Borrowings from government funds	Small Enterprise and Market Service and others		0.0 ~ 3.5		2,195,534
Others	The Korea Development Bank and others		0.0 ~ 4.6		8,378,570
Sub-total					12,419,343
Borrowings in foreign currencies:
Borrowings in foreign currencies	The Export-Import Bank of Korea and others		0.8 ~ 10.0		13,071,842
Bills sold	Others		0.0 ~ 2.0		1,033
Call money	Bank and others		1.7 ~ 10.0		2,013,940
Bonds sold under repurchase agreements	Other financial institutions		1.0 ~ 14.9		6,678,468
Present value discount					(1,359	)
Total					34,183,267
(2)	Details of debentures are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026					December 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Interest rate (%)		Amount			Interest rate (%)		Amount
Face value of bond (*):
Ordinary bonds		1.9 ~ 7.5		45,147,614			0.8 ~ 7.5		47,124,232
Subordinated bonds		1.9 ~ 6.7		6,492,153			1.9 ~ 6.7		6,683,193
Other bonds		2.9 ~ 17.0		1,791,775			2.9 ~ 17.0		1,782,423
Sub-total				53,431,542					55,589,848
Discounts on bonds				(570	)				(6,456	)
Total				53,430,972					55,583,392
(*)	Included debentures under fair value hedge amounting to 3,449,606 million won and 4,046,624 million<br>won as of March 31, 2026 and December 31, 2025 respectively. Also, debentures under cash flow hedge amounting to 1,371,587 million won and 1,410,514 million won are included as of March 31, 2026 and December 31, 2025<br>respectively.
---	---

• 87 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

17.	INSURANCE CONTRACTS
(1)	Details of insurance contracts assets and insurance contracts liabilities are as follows (Unit: Korean Won in<br>millions):
---	---
	March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Life		Health		Annuity/Savings<br>and others		Variable		Total
Insurance contracts assets		—		—		—		—		—
Insurance contracts liabilities		7,449,093		7,379,841		24,671,840		4,097,120		43,597,894
Net insurance contracts liabilities (asset)		7,449,093		7,379,841		24,671,840		4,097,120		43,597,894
Reinsurance contracts assets		352,864		227,695		6,832		—		587,391
Reinsurance contracts liabilities		49,781		130,100		580		—		180,461
Net reinsurance contracts assets (liabilities)		303,083		97,595		6,252		—		406,930
	December 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Life		Health		Annuity/Savings<br>and others		Variable		Total
Insurance contracts assets		—		—		—		—		—
Insurance contracts liabilities		8,078,577		8,032,075		25,460,803		4,002,409		45,573,864
Net insurance contracts liabilities (asset)		8,078,577		8,032,075		25,460,803		4,002,409		45,573,864
Reinsurance contracts assets		381,667		231,261		7,279		—		620,207
Reinsurance contracts liabilities		52,842		131,344		606		—		184,792
Net reinsurance contracts assets (liabilities)		328,825		99,917		6,673		—		435,415
(2)	Details of net insurance income are as follows (Unit: Korean Won in millions):
---	---
	For the three-month period ended<br>March 31
---	---	---	---	---	---
	2026			2025
Insurance service result of insurance contracts		69,702			—
Insurance income		528,420			—
Estimated incurred claims and other insurance service expenses		342,078			—
Changes in risk adjustment		12,521			—
Amortization of contractual service margin		77,556			—
Amortization of insurance acquisition cash flows		92,554			—
Loss component allocation amount		(544	)		—
Other insurance income		4,255			—
Insurance service expenses		458,718			—
Actual incurred claims and other insurance service expenses		350,533			—
Amortization of insurance acquisition cash flows		92,554			—
Changes in liability for incurred claims		4,961			—
(Reversal of) loss component allocation amount		7,024			—
Other insurance service expenses		3,646			—
Insurance service result of reinsurance contracts		(2,145	)		—
Reinsurance income		17,212			—
Actual incurred claims and insurance service expenses		16,451			—
Changes in cash flow from incurred claims		521			—
Changes in loss recovery component		240			—
Reinsurance service expenses		19,357			—
Estimated incurred claims and insurance service expenses		15,655			—
Changes in risk adjustment		627			—
Amortization of contractual service margin		3,075			—
Total insurance service result		67,557			—

• 88 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3)	Details of net insurance finance income and expenses are as follows (Unit: Korean Won in millions):<br>
	For the three-month period ended<br>March 31
---	---	---	---	---	---
	2026			2025
Investment income
Interest income		322,993			—
Gain(loss) on financial assets		279,538			—
Other investment income		(18,090	)		—
Investment income recognized in net income		584,441			—
Investment income recognized in other comprehensive income (*)		(1,804,401	)		—
Sub-total		(1,219,960	)		—
Insurance finance interest income and other insurance finance income
Insurance finance interest income		(391,332	)		—
Effect of change in fair value of underlying assets of participating insurance contracts		(243,501	)		—
Effect of changes in discount rates and others		46,132			—
Insurance finance income recognized in net income		(588,701	)		—
Insurance finance income recognized in other comprehensive income (*)		2,240,648			—
Sub-total		1,651,947			—
Reinsurance finance interest income and other reinsurance finance income
Reinsurance finance interest income		3,450			—
Effect of changes in credit risk of reinsurance liabilities		64			—
Effect of changes in discount rates and others		—			—
Reinsurance finance income recognized in net income		3,514			—
Reinsurance finance income recognized in other comprehensive income (*)		(22,543	)		—
Sub-total		(19,029	)		—
Total investment income and insurance and reinsurance finance income recognized in profit or<br>loss		(746	)		—
Total investment income and insurance and reinsurance finance income recognized in other<br>comprehensive income		413,704			—
Total		412,958			—
(*)	Finance income recognized in other comprehensive income is presented before income tax effects and non-controlling interests.
---	---

• 89 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

18.	PROVISIONS
(1)	Details of provisions are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Asset retirement obligation		114,881		106,786
Provisions for guarantees (*1)		74,437		79,317
Provisions for unused loan commitments		134,545		137,081
Other provisions (*2)		464,752		467,549
Total		788,615		790,733
(*1)	Provisions for guarantees include provision for financial guarantee of 49,113 million won and<br>52,733 million won as of March 31, 2026 and December 31, 2025, respectively.
---	---
(*2)	Other provisions consist of provision for litigation, loss compensation and others.
---	---
(2)	Changes in provisions for guarantees and unused loan commitments are as follows (Unit: Korean Won in millions):<br>
---	---
1)	Provisions for guarantees
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		60,091			3,407			15,819			79,317
Transfer to 12-month expected credit loss		179			(179	)		—			—
Transfer to expected credit loss for the entire period		(26	)		26			—			—
Transfer to credit-impaired financial assets		(4	)		(45	)		49			—
Net provision (reversal) of unused amount		1,223			230			(2,897	)		(1,444	)
Others (*)		(3,437	)		1			—			(3,436	)
Ending balance		58,026			3,440			12,971			74,437
(*)	Recognized as a result of changes in financial guarantee liabilities.
---	---
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		57,309			2,534			11,627			71,470
Transfer to 12-month expected credit loss		329			(329	)		—			—
Transfer to expected credit loss for the entire period		(90	)		90			—			—
Transfer to credit-impaired financial assets		(6	)		(7	)		13			—
Net provision (reversal) of unused amount		1,391			(675	)		(3,335	)		(2,619	)
Others (*)		(86	)		(4	)		—			(90	)
Ending balance		58,847			1,609			8,305			68,761
(*)	Recognized as a result of changes in financial guarantee liabilities.
---	---

• 90 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

2)	Provisions for unused loan commitment
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		111,499			21,647			3,935			137,081
Transfer to 12-month expected credit loss		6,469			(6,445	)		(24	)		—
Transfer to expected credit loss for the entire period		(1,395	)		1,398			(3	)		—
Transfer to credit-impaired financial assets		(89	)		(123	)		212			—
Net provision (reversal) of unused amount		(5,820	)		3,618			(289	)		(2,491	)
Others		265			—			(310	)		(45	)
Ending balance		110,929			20,095			3,521			134,545
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		108,218			24,896			4,448			137,562
Transfer to 12-month expected credit loss		6,289			(6,270	)		(19	)		—
Transfer to expected credit loss for the entire period		(2,403	)		2,408			(5	)		—
Transfer to credit-impaired financial assets		(317	)		(166	)		483			—
Net provision (reversal) of unused amount		(4,844	)		3,305			(2,865	)		(4,404	)
Others		(55	)		—			—			(55	)
Ending balance		106,888			24,173			2,042			133,103
(3)	Changes in asset retirement obligation for the three-month periods ended March 31, 2026 and 2025, are as<br>follows (Unit: Korean Won in millions):
---	---
	For the three-month period ended March 31
---	---	---	---	---	---	---
	2026			2025
Beginning balance		106,786			97,772
Provisions provided		2,606			857
Provisions used		(332	)		(3,715	)
Reversal of provisions unused		(60	)		(69	)
Unwinding of discount		335			295
Increase (decrease) of restoration expense, etc.		5,546			9,768
Ending balance		114,881			104,908

The amount of the asset retirement obligation is the present value of the best estimate of future expected expenditure to settle the obligation – arising from leased property as of March 31, 2026, discounted by appropriate discount rate. The restoration cost is expected to occur by the end of each property’s lease period, and the Group has used average lease period of each category of leases terminated during the past years in order to rationally estimate the lease period. In addition, the Group used average amount of actual recovery cost for the past 3 years and the inflation rate for last year in order to estimate future recovery cost.

• 91 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4)	Changes in other provisions for the three-month periods ended March 31, 2026 and 2025, are as follows (Unit:<br>Korean Won in millions):
	For the three-month period ended March 31
---	---	---	---	---	---	---
	2026			2025
Beginning balance		467,549			304,624
Provisions provided		4,353			2,400
Provisions used		(2,174	)		(1,319	)
Reversal of provisions unused		(4,610	)		(228	)
Foreign currencies translation adjustments		39			33
Others		(405	)		(278	)
Ending balance		464,752			305,232
(5)	Others
---	---
1)	The Group recognized provisions related to incomplete sales of Derivative Linked Fund (DLF) occurring in 2019<br>as the best estimate of expenditure, including expected fines to be imposed by the Financial Services Commission, required to fulfill its current obligations.
---	---
2)	The Group recognized provisions for estimated contract refunds and compensation for losses related to expected<br>customer losses due to delays in fund redemption, with balances of 258,331 million won and 259,168 million Won as of March 31, 2026 and 2025. In addition, The Group recognized provision amounting to 2,756 million Won and<br>2,847 million Won for estimated compensation of expected customer loss related to equity-linked securities as of March 31, 2026 and 2025.
---	---
19.	NET DEFINED BENEFIT LIABILITY(ASSET)
---	---

The Group’s pension plan is based on the defined benefit retirement pension plan. Employees and directors with one or more years of service are entitled to receive a payment upon termination of their employment, based on their length of service and rate of salary at the time of termination. The assets of the plans are measured at their fair value at the end of reporting date. The plan liabilities are measured using the projected unit method, which takes account of projected earnings increases, using actuarial assumptions that give the best estimate of the future cash flows that will arise under the plan liabilities.

The Group is exposed to various risks through defined benefit retirement pension plan, and the most significant risks are as follows:

Volatility of asset	The defined benefit obligation was estimated with an interest rate calculated based on the return on high quality corporate bond. A deficit may occur if the rate of return of plan assets falls short of the interest rate.
Decrease in the return on high quality corporate bond	A decrease in the return on high quality corporate bond will be offset by some increase in the value of debt securities that the employee benefit plan owns but will bring an increase in the defined benefit obligation.
Risk of inflation	Defined benefit obligations are related to inflation rate; the higher the inflation rate is, the higher the level of liabilities. Therefore, deficit occurs in the system if an inflation rate increases.

• 92 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(1)	Details of net defined benefit liability(asset) are as follows (Unit: Korean Won in millions):<br>
	March 31, 2026			December 31, 2025
---	---	---	---	---	---	---
Present value of defined benefit obligation		1,916,098			1,982,526
Fair value of plan assets (*)		(2,064,038	)		(2,157,163	)
Net defined benefit liabilities (assets) (*)		(147,940	)		(174,637	)
Intercompany transaction adjustments		268,476			269,170
Net defined benefit liabilities (assets) (after intercompany offsets)		120,536			94,533
(*)	The amount before intercompany offsets within the consolidated entity
---	---
(2)	Amounts related to the defined benefit plan that are recognized in the consolidated statements of comprehensive<br>income are as follows (Unit: Korean Won in millions):
---	---
	For the three-month period ended March 31
---	---	---	---	---	---	---
	2026			2025
Current service cost		39,495			38,373
Net interest expense		(1,063	)		(2,190	)
Cost recognized in net income		38,432			36,183
Remeasurements (*)		24,198			155,281
Cost recognized in total comprehensive income		62,630			191,464
(*)	Amount before tax
---	---

Retirement benefits related to defined contribution plans recognized as expenses are 4,211 million won, and 2,192 million won for the three-month periods ended March 31, 2026 and 2025, respectively.

20.	OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES

Other financial liabilities and other liabilities are as follows (Unit: Korean Won in millions):

	March 31, 2026			December 31, 2025
Other financial liabilities:
Accounts payable		20,318,807			8,059,195
Accrued expenses		4,226,179			4,456,143
Segregated account debit balance		6,610,952			7,692,762
Agency fees received		679,787			594,685
Foreign exchange payables		757,033			784,357
Domestic exchange settlement credits		10,658,716			11,749,779
Lease liabilities		557,652			541,572
Other miscellaneous financial liabilities		7,663,846			4,250,210
Present value discount		(9,714	)		(10,645	)
Sub-total		51,463,258			38,118,058
Other liabilities:
Unearned income		358,796			354,792
Other miscellaneous liabilities		523,091			479,102
Sub-total		881,887			833,894
Total		52,345,145			38,951,952

• 93 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

21.	DERIVATIVES
(1)	Derivative assets and derivative liabilities are as follows (Unit: Korean Won in millions):<br>
---	---
			March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
			Assets						Liabilities
	Nominal<br>amount		For cash<br>flow hedge		For fair value<br>hedge		For<br>trading		For cash<br>flow hedge		For fair<br>value hedge		For trading
Interest rate:
Futures		1,080,176		—		—		—		—		—		—
Forwards		6,506,458		3,132		—		325,827		286,315		—		26,621
Swaps		140,117,243		1,676		5,223		107,170		—		48,416		222,272
Written options		320,000		—		—		—		—		—		10,121
Currency:
Futures		118,119		—		—		—		—		—		—
Forwards		111,872,575		—		138		3,897,293		364,010		119,198		1,546,465
Swaps		86,621,260		140,653		—		4,010,536		286,459		5,772		5,667,381
Purchase options		118,204		—		—		1,931		—		—		—
Written options		133,338		—		—		—		—		—		1,040
Equity:
Futures		179,782		—		—		—		—		—		—
Forwards		163		—		—		96		—		—		—
Purchase options		9,988		—		—		859		—		—		—
Others:
Futures		10,250		—		—		—		—		—		—
Total		347,087,556		145,461		5,361		8,343,712		936,784		173,386		7,473,900
			December 31, 2025
			Assets						Liabilities
	Nominal<br>amount		For cash<br>flow hedge		For fair value<br>hedge		For<br>trading		For cash<br>flow hedge		For fair<br>value hedge		For trading
Interest rate:
Futures		1,028,982		—		—		—		—		—		—
Forwards		6,097,038		7,192		—		155,174		139,341		—		118,441
Swaps		134,440,759		903		37,010		136,822		—		27,050		141,569
Written options		320,000		—		—		—		—		—		8,194
Currency:
Futures		131,014		—		—		—		—		—		—
Forwards		111,686,895		2,221		1,201		2,652,148		236,677		70,989		1,190,226
Swaps		76,846,634		168,653		—		2,827,872		141,304		—		3,670,407
Purchase options		67,650		—		—		1,267		—		—		—
Written options		81,999		—		—		—		—		—		827
Equity:
Futures		476,305		—		—		—		—		—		—
Forwards		163		—		—		104		—		—		—
Purchase options		1711		—		—		816		—		—		—
Others:
Futures		8,378		—		—		—		—		—		—
Total		331,187,528		178,969		38,211		5,774,203		517,322		98,039		5,129,664

Derivatives held for trading are classified into financial assets at FVTPL (Note 7) and financial liabilities at FVTPL (Note 14), and derivatives designated for hedging are presented as a separate line item in the consolidated statements of financial position.

• 94 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Overview of the Group’s hedge accounting
1)	Fair value hedge
---	---
a)	Debentures
---	---

As of March 31, 2026, the Group has applied fair value hedge on fixed interest rate foreign currency denominated debentures amounting to 3,131,999 million Won, and Korean won-denominated debentures amounting to 317,607 million Won. The purpose of the hedging is to avoid fair value volatility risk of fixed interest rate foreign and local currency denominated debentures derived from fluctuations of market interest rate, and as such the Group entered into interest rate swap agreements designated as hedging instruments.

Pursuant to the interest rate swap agreement, by swapping the calculated difference between the fixed interest rate and floating interest rate applied to the nominal value, the fair value fluctuation risk is hedged as the foreign currency denominated debentures and local currency debentures fixed interest rate terms are converted to floating interest rate. Pursuant to the interest rate swap agreement, hedge ratio is determined by matching the nominal value of hedging instrument to the face value of the hedged item.

In this hedging relationship, only the market interest rate fluctuation, which is the most significant part of the fair value change of the hedged item, is designated as the hedged risk, and other risk factors including credit risk are not included in the hedged risk. Therefore, the ineffective portion of the hedge could arise from fluctuations in the timing of the cash flow of the hedged item, price margin set by counterparty of hedging instrument, and unilateral change in credit risk of any party of hedging instrument.

The interest rate swap agreements and the hedged items are subject to fluctuations in the underlying market rate of interest and the Group expects the fair value of the interest rate swap contract and the value of the hedged item to generally change in the opposite direction.

The fair value of the interest rate swap at the end of the reporting period is determined by discounting future cash flows estimated by using the yield curve at the end of the reporting period and the credit risk embedded in the contract and the average interest rate is determined based on the outstanding balance at the end of the reporting period. The variable interest rate applied to the interest rate swap is Compounding SOFR or CD 3M plus spread. In accordance with the terms of each interest rate swap contract designated as a hedging instrument, the Group receives interest at a fixed interest rate and pays interest at a variable interest rate.

b)	Foreign currency securities, Foreign private bonds

As of March 31, 2026, the Group has applied fair value hedging for foreign currency securities amounting to 807,892 million Won and foreign currency private bonds amounting to 82,782 million Won. The purpose of the hedging is to avoid fair value volatility risk of foreign currency securities and foreign currency private bonds derived from exchange rate changes. To achieve this purpose, the group has entered into forward currency contracts designated as hedging instruments.

The forward currency contracts are executed with the condition of selling foreign currencies on a future specific date, at a predetermined agreed amount and exchange rate. On the initiation date, the contract amount is exchanged, and on the termination date, the contracted foreign currency principal is returned. As a result, through hedging transactions, the group offsets valuation gains and losses from exchange rate fluctuations of foreign currency-denominated assets, thereby removing fair value fluctuation risk linked to foreign currency securities and bonds. The hedge ratio is determined through a method that ensures fair value changes in the hedging instruments and hedged items effectively offset each other to a similar extent.

In this hedging relationship, only the exchange rate fluctuation, which is the most significant part of the fair value change in the hedged item, is designated as the hedged risk, excluding other risk factors such as credit risk or liquidity risk. Therefore, the ineffective portion of the hedge could arise from discrepancies between the settlement timing of the forward currency contract and the cash flow timing of foreign currency-denominated items, fluctuations in counterparties’ credit risks, or discrepancies between market exchange rates and contracted exchange rates.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

The forward currency agreements and the hedged items are subject to fluctuations in the exchange rate and the group expects the fair value of the currency forward contract and the value of the hedged item to generally change in the opposite direction.

2)	Cash Flow Hedge
a)	Debentures
---	---

As of the March 31, 2026, the Group has applied cash flow hedge on local currency denominated debentures amounting to 59,956 million won and debentures on foreign currency amounting to 1,311,631 million won. The Group’s hedging strategies are to ① Mitigate risks of cash flow fluctuation from variable interest rate debentures on local currency due to changes in market interest rate by entering into an interest rate swap contract and thereby designating it as hedging instrument; ② Mitigate the risks of cash flow fluctuation from principal and interest of variable interest rate debentures denominated in foreign currency due to changes in foreign exchange rates and interest rates by entering into a currency swap contract and thereby designating it as hedging instrument; ③ Mitigate the risks of cash flow fluctuation from principal and interest of fixed interest rate debentures denominated in foreign currency due to changes in foreign exchange rates and ④ Mitigate the risks of cash flow fluctuation in variable interest rate foreign currency borrowings resulting from changes in market interest rates and designate it as a hedging instrument through entering into currency swap contracts and interest rate swap contracts.

By exchanging a predetermined nominal amount as set forth in the interest rate swap contract adjusted by the differences between the fixed and variable interest rates, the variable interest rate terms of the Korean won-denominated variable rate bond are converted to fixed interest rate terms, thereby eliminating the cash flow volatility risk. In addition, this also means a payment of predetermined principal amount as set forth in the currency swap adjusted by fixed interest rate, an exchange of an amount calculated by applying variable interest rate to USD or applying fixed interest rate to USD, and an exchange of the principal denominated in KRW and principal denominated in foreign currency at maturity eliminating cash flow fluctuation risk on principal and interest. The hedge ratio is determined by matching the nominal amount of the hedging instrument to the face amount of the hedged item in accordance with interest rate swap and currency swap.

Only interest rate and foreign exchange rate fluctuation risks, which are the most significant factor in the cash flow fluctuation of the hedged item, are addressed in this hedging relationship, and other risk factors such as credit risk are not subject to hedging. Accordingly, hedge ineffectiveness may arise from price margin set by the counterparty of hedging instruments and unilateral change in credit risk of any party in the transaction.

The interest rate swap, currency swap contract and the hedged item are all affected by the changes in market interest rate and foreign exchange rates which are basic factors. The Group expects that the value of interest rate swap contract, currency swap contract and value of the hedged item will generally fluctuate in opposite direction.

b)	Foreign currency securities, Foreign private bonds, Anticipated bond purchase

As of March 31, 2026, the Group has applied cash flow hedges to manage the risks associated with foreign currency securities amounting to 6,459,567 million Won, foreign currency private bonds totaling 186,711 million Won, and anticipated bond purchase transactions. The Group’s objective of these hedging measures is to mitigate the risk of cash flow fluctuations from foreign currency securities and private bonds due to exchange rate changes, as well as the price risk of future purchases of treasury and foreign government bonds. To achieve these objectives, the entity utilizes forward currency contracts, currency swaps, and bond forward contracts as designated hedging instruments.

• 96 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Forward currency contracts are used to eliminate cash flow volatility arising from exchange rate fluctuations of anticipated transactions in foreign currency by agreeing to sell foreign currency at a pre-established rate on a future date. These contracts are designated as hedging instruments to offset cash flow variations caused by exchange rate changes on foreign currency-denominated items. The hedge ratio is determined by aligning the nominal amount of the hedging instrument with the face value of the hedged item.

Currency swap contracts are entered into to exchange interest and principal of foreign currency securities and private bonds during the contract period at predetermined notional amounts and rates, and revert the principal exchanged at inception upon maturity. This practice mitigates the cash flow volatility risk associated with the principal and interest payments of foreign currency-denominated securities and private bonds. The hedge ratio is determined by matching the nominal value of the hedging instrument to the face value of the hedged item.

Bond forward contracts are structured to purchase specific bonds at a predetermined notional amount and price on a future specified date to hedge against price risk caused by interest rate fluctuations impacting bond purchase prices. Upon contract expiration, bonds are acquired at the agreed-upon rate, thereby eliminating cash flow variability risks due to future interest rate changes. Thus, the hedging transaction removes the uncertainty surrounding the cash outflow amount related to interest rate changes at the future bond purchase date, thereby ensuring stable cash flows. The nominal amount of the hedging instrument in these bond forward contracts is aligned with the anticipated purchase amount of the hedged bonds, and the hedge ratio is calibrated to ensure that cash flow fluctuations of the hedged item and hedging instrument effectively offset each other.

3)	Hedges of Foreign Currency Borrowings

As of March 31, 2026, the Group has designated cash flow hedges for foreign currency borrowings amounting to 302,680 million Won. The purpose of the Group’s hedging activities is to hedge the variability in cash flows related to interest and principal payments of variable-rate foreign currency borrowings arising from fluctuations in interest rates and foreign exchange rates. To achieve this objective, the Group has entered into currency swap contracts and designated them as hedging instruments. The Group designated only the portion excluding the foreign basis spread of derivative financial instruments as the hedging instrument.

Under the currency swap contracts, the principal amounts are exchanged at inception, and the Group pays amounts calculated by applying a fixed interest rate to a predetermined notional principal, while receiving amounts calculated by applying a floating interest rate denominated in U.S. dollars. At maturity, the principal amounts exchanged at inception are re-exchanged. As a result, the variability in cash flows related to the principal and interest of the foreign currency borrowings is eliminated. The hedge ratio is determined by matching the notional amount of the hedging instrument with the face amount of the hedged item under the currency swap contracts.

In these hedging relationships, only the most significant components of the variability in cash flows of the hedged items—namely, changes in interest rates and foreign exchange rates—are designated as hedged risks. Other risk components, including credit risk, are not included in the hedged risks. Accordingly, hedge ineffectiveness may arise due to factors such as the pricing margin of the counterparty to the hedging instrument or changes in the credit risk of either party to the hedging instrument.

Both the currency swap contracts and the hedged items are affected by changes in underlying variables, namely market interest rates and foreign exchange rates, and the Group expects that the values of the currency swap contracts and the hedged items will generally move in opposite directions.

• 97 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

4)	Hedges of Net Investment in Foreign Operations

Foreign currency exposure arises from the Group’s net investments in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited, and overseas branch which use USD as their functional currency. The risk arises from fluctuations in the spot exchange rate between USD and KRW. This may result in different net investment amounts.

The risk hedged in the net investment hedging is the fluctuation risk of KRW against USD, which may reduce the carrying amount of the Group’s net investments in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited, and overseas branch.

A portion of the Group’s net investments in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited, and overseas branch are hedged in USD denominated foreign currency bonds (Carrying amount as of March 31, 2026: USD 863,959,317) and mitigate foreign exchange risk arising from the net assets of subsidiaries. The debenture has been designated as a hedging instrument for the value change of net investments, which arises from fluctuation in the spot exchange rate between USD and KRW.

To evaluate the effectiveness of the hedge, the Group determines the economic relationship between the hedging instrument and hedged item by comparing (offsetting) changes in the amount of foreign investments due to spot exchange rate fluctuation and in the carrying amount of the liabilities due to spot exchange rate fluctuation. The Group’s policy is to hedge the net investment amount only within the principal range of the liabilities.

(3)	The nominal amount of the hedging instrument is as follows (Unit: USD, EUR, AUD, SEK, GBP, JPY, CAD and Korean<br>Won in millions):
---	---	---	---	---	---	---	---
		1 year to 5 years		More than 5<br>years		Total
Fair value hedge
Interest rate risk
Interest rate swap ()	800,000,000		1,300,000,000		—		2,100,000,000
Interest rate swap (KRW)	—		—		340,000		340,000
Foreign currencies translation risk and interest rate risk
Currency swap ()	50,000,000		—		—		50,000,000
Foreign currencies translation risk
Currency forward ()	348,980,853		97,839,978		—		446,820,831
Currency forward ()	—		72,961,301		—		72,961,301
Currency forward (AUD)	109,214,330		126,550,000		—		235,764,330
Currency forward ()	15,700,000		—		—		15,700,000
Cash flow hedge
Interest rate risk
Interest rate forward ()	—		320,000,000		—		320,000,000
Interest rate forward (KRW)	1,473,645		704,545		—		2,178,190
Interest rate swap (KRW)	—		60,000		—		60,000
Foreign currencies translation risk and interest rate risk
Currency swap ()	148,000,000		640,500,000		—		788,500,000
Currency swap ()	37,000,000		154,900,000		7,000,000		198,900,000
Currency swap (AUD)	80,000,000		—		—		80,000,000
Currency swap (SEK)	380,000,000		219,000,000		—		599,000,000
Currency swap ()	—		2,000,000,000		16,500,000,000		18,500,000,000
Foreign currencies translation risk
Currency forward ()	809,449,351		704,378,132		26,360,955		1,540,188,438
Currency forward ()	246,250,500		206,072,000		—		452,322,500
Currency forward (AUD)	99,970,000		160,000,000		—		259,970,000
Currency swap ()	35,000,000		680,678,827		30,000,000		745,678,827
Currency swap ()	274,780,000		987,000,000		80,000,000		1,341,780,000
Currency swap (AUD)	15,000,000		200,000,000		—		215,000,000
Currency swap (CAD)	—		50,000,000		—		50,000,000
Currency swap ()	16,000,000,000		9,500,000,000		43,500,000,000		69,000,000,000
Hedges of net investment in foreign operations
Exchange risk
Foreign currency bond ()	300,000,000		563,959,317		—		863,959,317

All values are in US Dollars.

• 98 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		1 year to 5 years		More than 5<br>years		Total
Fair value hedge
Interest rate risk
Interest rate swap ()	550,000,000		2,100,000,000		—		2,650,000,000
Interest rate swap (KRW)	—		—		290,000		290,000
Foreign currencies translation risk
Currency forward ()	414,314,566		65,544,792		—		479,859,358
Currency forward ()	—		72,961,301		—		72,961,301
Currency forward (AUD)	109,214,330		126,550,000		—		235,764,330
Currency forward ()	15,700,000		—		—		15,700,000
Cash flow hedge
Interest rate risk
Interest rate forward ()	—		320,000,000		—		320,000,000
Interest rate forward (KRW)	1,630,000		380,000		—		2,010,000
Interest rate swap (KRW)	—		60,000		—		60,000
Foreign currencies translation risk and interest rate risk
Currency swap ()	336,333,334		470,500,000		—		806,833,334
Currency swap ()	52,000,000		114,900,000		—		166,900,000
Currency swap (AUD)	80,000,000		—		—		80,000,000
Currency swap (SEK)	380,000,000		219,000,000		—		599,000,000
Currency swap ()	—		—		5,000,000,000		5,000,000,000
Foreign currencies translation risk
Currency forward ()	998,071,601		700,378,132		—		1,698,449,733
Currency forward ()	374,850,500		232,472,000		—		607,322,500
Currency forward (AUD)	99,970,000		160,000,000		—		259,970,000
Currency swap ()	130,000,000		527,884,000		—		657,884,000
Currency swap ()	194,780,000		1,012,000,000		—		1,206,780,000
Currency swap (AUD)	15,000,000		200,000,000		—		215,000,000
Currency swap (CAD)	—		40,000,000		—		40,000,000
Currency swap ()	—		21,500,000,000		43,500,000,000		65,000,000,000
Hedges of net investment in foreign operations
Exchange risk
Foreign currency bond ()	—		863,959,317		—		863,959,317

All values are in US Dollars.

• 99 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4)	The average interest rate and average currency rate of the hedging instrument are as follows:<br>
	March 31, 2026
---	---
	Average interest rate and average exchange rate
Fair value hedge
Interest rate risk
Interest rate swap (USD)	Fixed 4.18% receipt and (C.SOFR) + 1.21% paid
Interest rate swap (KRW)	Fixed 4.20% receipt and CD 3M + 0.01% paid
Foreign currencies translation risk and interest rate risk
Currency swap (USD)	USD 4.48% paid, KRW 2.76% receipt, USD/KRW = 1,402.05
Foreign currencies translation risk
Currency forward (USD)	USD/KRW = 1,422.94<br><br><br>USD/KRW = 1,316.68
Currency forward (EUR)	EUR/KRW = 1,498.43
Currency forward (AUD)	AUD/KRW = 893.40<br><br><br>AUD/KRW = 874.06
Currency forward (GBP)	GBP/KRW = 2,005.60
Cash flow hedge
Interest rate risk
Interest forward (USD)	YTM 5.14%, YTM 5.2%
Interest forward (KRW)	YTM 2.93%, YTM 3.31%
Interest rate swap (KRW)	KRW CD+0.37% receipt, KRW 2.75% paid
Foreign currencies translation risk and interest rate risk
Currency swap (USD)	USD 1M SOFR+0.66% receipt, KRW 3.39% paid, USD/KRW = 1,422.73<br><br><br>USD 4.05% paid, KRW 2.5% receipt, USD/KRW = 1,402.05<br><br><br>KRW 4.00% paid, USD SOFR+0.81% receipt, USD/KRW = 1,517.30
Currency swap (EUR)	EUR 3.15% paid, KRW 3.41% receipt, EUR/KRW = 1,660.67
Currency swap (AUD)	AUD 3.11% paid, KRW 1.55% receipt, AUD/KRW = 952.20
Currency swap (SEK)	SEK 1.88% paid, KRW 2.01% receipt, SEK/KRW = 140.55
Currency swap (JPY)	JPY 3.35% paid, KRW 4.71% receipt, JPY/KRW = 9.36
Foreign currencies translation risk
Currency forward (USD)	USD/KRW = 1,342.58
Currency forward (EUR)	EUR/KRW = 1,534.05
Currency forward (AUD)	AUD/KRW = 863.03
Currency swap (USD)	USD 3.84% paid, KRW 2.74% receipt, USD/KRW = 1,419.85
Currency swap (EUR)	EUR 1.98% receipt, KRW 3.40% paid, EUR/KRW = 1,344.08<br><br><br>EUR 3.03% paid, KRW 3.16% receipt, EUR/KRW = 1,653.09
Currency swap (AUD)	AUD 4.96% paid, KRW 3.58% receipt, AUD/KRW = 902.70
Currency swap (CAD)	CAD 4.60% paid, KRW 4.53% receipt, CAD/KRW = 1,061.92
Currency swap (JPY)	JPY 3.10% paid, KRW 4.47% receipt, JPY/KRW = 9.41
Hedges of net investment
Exchanging rate risk
Foreign currency denominated debentures(USD/KRW)	USD/KRW = 1,462.20

• 100 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	December 31, 2025
	Average interest rate and average exchange rate
Fair value hedge
Interest rate risk
Interest rate swap (USD)	Fixed 3.47% receipt and (C.SOFR) + 1.06% paid
Interest rate swap (KRW)	Fixed 3.94% receipt and CD 3M + 0.01% paid
Foreign currencies translation risk
Currency forward (USD)	USD/KRW = 1,326.88<br><br><br>USD/KRW = 1,373.60
Currency forward (EUR)	EUR/KRW = 1,498.43
Currency forward (AUD)	AUD/KRW = 874.06<br><br><br>AUD/KRW = 864.44
Currency forward (GBP)	GBP/KRW = 1,854.71
Cash flow hedge
Interest rate risk
Interest forward (USD)	YTM 5.14%, YTM 5.20%, USD/KRW = 1,373.23
Interest forward (KRW)	YTM 2.91%, YTM 1.42%
Interest rate swap (KRW)	KRW CD+0.37% receipt, KRW 2.75% paid
Foreign currencies translation risk and interest rate risk
Currency swap (USD)	USD 4.11% paid, KRW 2.54% receipt,<br><br><br>USD 1M SOFR+0.91% receipt, KRW 3.60% paid, USD/KRW = 1,402.05, USD/KRW = 1,355.00
Currency swap (EUR)	EUR 3.03% paid, KRW 3.18% receipt, EUR/KRW = 1,619.42
Currency swap (AUD)	AUD 3.11% paid, KRW 1.55% receipt, AUD/KRW = 952.20
Currency swap (SEK)	SEK 1.88% paid, KRW 2.01% receipt, SEK/KRW = 140.55
Currency swap (JPY)	JPY 3.20% paid, KRW 4.45% receipt, JPY/KRW = 9.47
Foreign currencies translation risk
Currency forward (USD)	USD/KRW = 1,343.49
Currency forward (EUR)	EUR/KRW = 1,539.86
Currency forward (AUD)	AUD/KRW = 863.03
Currency swap (USD)	USD 1.75% receipt, KRW 1.63% paid,<br><br><br>USD 2.50% receipt, KRW 3.76% paid,<br><br><br>USD/KRW = 1,138.50<br> <br>USD/KRW =<br>1,404.97
Currency swap (EUR)	EUR 1.98% receipt, KRW 3.40% paid,<br><br><br>EUR 3.21% receipt, KRW 3.14% paid,EUR/KRW = 1,344.08<br><br><br>EUR/KRW = 1,644.48
Currency swap (AUD)	AUD 3.58% receipt, KRW 4.96% paid,AUD/KRW = 902.70
Currency swap (CAD)	CAD 4.46% receipt, KRW 4.60% paid, CAD/KRW = 1,062.00
Currency swap (JPY)	JPY 4.46% receipt, KRW 3.10% paid, JPY/KRW = 9.42
Hedges of net investment
Exchanging rate risk
Foreign currency denominated debentures(USD/KRW)	USD/KRW = 1,421.88

• 101 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(5)	The amounts related to items designated as hedging instruments are as follows (Unit: USD, EUR, AUD, SEK, GBP,<br>JPY, CAD and Korean Won in millions):
---	---	---	---	---	---	---	---	---	---	---
			Carrying amount of the<br>hedging instrument				Line item in the<br>statement of financial<br>position where the<br>hedging instrument is<br><br><br>located	Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness
		Assets			Liabilities
Fair value hedge
Interest rate risk
Interest rate Swap()	2,100,000,000			5,223		48,416	Derivative assets (designated for hedging)<br><br><br>Derivative liabilities (designated for hedging)		(30,176	)
Interest rate Swap(KRW)	340,000
Foreign currencies translation risk and interest rate risk
Currency swap ()	50,000,000			—		5,772	Derivative liabilities (designated for hedging)		(15,682	)
Foreign currencies translation risk
Currency forward ()	446,820,831			—		69,504			(34,408	)
Currency forward ()	72,961,301			—		17,137	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(3,233	)
Currency forward (AUD)	235,764,330			—		32,557			(16,982	)
Currency forward ()	15,700,000			138		—			(937	)
Cash flow hedge
Interest rate risk
Interest forward ()	320,000,000			3,032		407			(2,196	)
Interest forward (KRW)	2,178,190			100		285,907	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(152,032	)
Interest rate swap (KRW)	60,000			1,676		—			773
Foreign currency translation risk and interest rate risk
Currency swap ()	788,500,000			64,817		21,613	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(1,398	)
Currency swap ()	198,900,000			7		16,788			(7,543	)
Currency swap (AUD)	80,000,000			—		5,895	Derivative liabilities (designated for hedging)		(5,868	)
Currency swap (SEK)	599,000,000			268		10,327	Derivative assets (designated for hedging)<br><br><br>Derivative liabilities (designated for hedging)		(1,447	)
Currency swap ()	18,500,000,000			—		4,577	Derivative liabilities (designated for hedging)		(5,396	)
Foreign currency translation risk
Currency forward ()	1,540,188,438			—		235,006			(130,713	)
Currency forward ()	452,322,500			—		90,809			(26,577	)
Currency forward (AUD)	259,970,000			—		38,195			(19,027	)
Currency swap ()	745,678,827			—		75,616	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(53,625	)
Currency swap ()	1,341,780,000			75,558		103,227			(39,185	)
Currency swap (AUD)	215,000,000			—		27,980			(17,166	)
Currency swap (CAD)	50,000,000			—		1,935			(2,274	)
Currency swap ()	69,000,000,000			3		18,502			(27,137	)
Hedges of net investment in foreign operations
Exchange rate risk
Foreign currency bond()	863,959,317			—		1307516			(67,821	)

All values are in US Dollars.

• 102 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

			Carrying amount of the<br>hedging instrument				Line item in the<br>statement of financial<br>position where the<br>hedging instrument is<br><br><br>located	Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness
		Assets			Liabilities
Fair value hedge
Interest rate risk
Interest rate Swap ()	2,650,000,000						Derivative assets<br><br><br>(designated for hedging)<br><br><br>Derivative liabilities<br> <br>(designated<br>for hedging)
Interest rate Swap (KRW)	290,000			37,010		27,050			93,549
Foreign currencies translation risk
Currency forward ()	479,859,358			1,201		40,408	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(252,432	)
Currency forward ()	72,961,301			—		13,904	Derivative assets (designated for hedging)		44,644
Currency forward (AUD)	235,764,330			—		15,575			(23,061	)
Currency forward ()	15,700,000			—		1,101	Derivative liabilities (designated for hedging)		(1,408	)
Cash flow hedge
Interest rate risk
Interest rate forward ()	320,000,000			4,848		27	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		3,732
Interest rate forward (KRW)	2,010,000			2,344		139,313			(203,153	)
Interest rate swap (KRW)	60,000			903		—			1,084
Foreign currency translation risk and interest rate risk
Currency swap ()	806,833,334			51,040		11,984	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(69,611	)
Currency swap ()	166,900,000			1,012		16,086	Derivative liabilities (designated for hedging)		(9,085	)
Currency swap (AUD)	80,000,000			605		632			(5,494	)
Currency swap (SEK)	599,000,000			855		9,468			(7,678	)
Currency swap ()	5,000,000,000			819		—			819
Foreign currency translation risk
Currency forward ()	1,698,449,733			2,221		127,924	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		13,389
Currency forward ()	607,322,500			—		89,586			(10,747	)
Currency forward (AUD)	259,970,000			—		19,167			(350	)
Currency swap ()	657,884,000			30,780		27,168			(74,613	)
Currency swap ()	1,206,780,000			72,261		60,932			(16,952	)
Currency swap (AUD)	215,000,000			—		13,220			(15,574	)
Currency swap (CAD)	40,000,000			339		—			334
Currency swap ()	65,000,000,000			10,943		1,814			8,981
Hedges of net investment in foreign operations
Exchange rate risk
Foreign currency bond ()	863,959,317			—		1,239,695	Foreign currency bond		30,325

All values are in US Dollars.

• 103 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6)	Details of carrying amount to hedge and amount due to hedge accounting are as follows (Unit: Korean Won in<br>millions):
	March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Carrying amount of<br>the hedged item				Accumulated amount of<br>fair value hedge<br>adjustments on the<br>hedged item included<br>in the carrying amount<br>of the hedged<br>item					Line item in the<br>statement of financial<br>position in which the<br>hedged item is<br>included		Changing in<br>fair value used<br>for calculating<br>hedge<br>ineffectiveness			Cash flow<br>hedge<br>reserve<br>(*2)
	Assets		Liabilities		Assets			Liabilities
Fair value hedge
Interest rate risk
Debentures(*1)		—		3,449,606		—			60,619		Debentures		31,239			—
Foreign currencies translation risk and interest rate risk
Foreign currency securities		52,822		—		(5,772	)		—		FTVPL		(2,779	)		—
Foreign currencies translation risk
Foreign currency securities		543,566		—		154,688			—		FVTOCI		31,185			—
		211,504		—		(22,173	)		—		FTVPL		425			—
Foreign private bonds		82,782		—		(14,610	)		—		Financial assets<br>at amortized cost		—			—
Cash flow hedge
Interest rate risk
Debentures		—		59,956		—			—		Debentures		(773	)		1,215
Anticipated bond purchase		—		—		—			—		—		140,532			(255,155	)
Foreign currencies translation risk and interest rate risk
Debentures		—		974,062		—			—		Debentures		(14,284	)		3,970
Foreign currency borrowings		—		302,680		—			—		Borrowings		—			—
Foreign currency securities		648,248		—		—			—		FVTOCI		6,472			(4,538	)
Foreign private bonds		186,711		—		—			—		Financial assets at<br>amortized cost		10,332			(1,945	)
Foreign currencies translation risk
Debentures		—		337,569		—			—		Debentures		(9,076	)		(1,007	)
Foreign currency securities		5,171,212		—		—			—		FVTOCI		273,477			(33,772	)
		640,107		—		—			—		FTVPL		47,540			(104	)
Hedges of net investment in foreign operations
Exchange rate risk
Foreign operations net asset		—		1,307,516		—			—		Foreign operations<br>net asset		67,821			(176,428	)
(*1)	The accumulated profit on debentures on foreign currency amounted to 38,226 million won, and the<br>accumulated loss on debentures on local currency amounted to 22,393 million won, as of March 31, 2026.
---	---
(*2)	After tax amount
---	---

• 104 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

	December 31, 2025
	Carrying amount of<br>the hedged item				Accumulated amount of<br>fair value hedge<br>adjustments on the<br>hedged item included<br>in the carrying amount<br>of the hedged item					Line item in the<br>statement of financial<br>position in which the<br>hedged item is<br>included		Changing in<br>fair value used<br>for calculating<br>hedge<br>ineffectiveness			Cash flow<br>hedge<br>reserve<br>(*2)
	Assets		Liabilities		Assets			Liabilities
Fair value hedge
Interest rate risk
Debentures (*1)		—		4,046,624		—			36,892		Debentures		(80,760	)		—
Foreign currencies translation risk
Foreign currency securities		569,122		—		131,018			—		FVTOCI		169,469			—
		226,555		—		(4,121	)		—		FTVPL		70,015			—
Foreign private bonds		76,793		—		(7,717	)		—		Financial assets<br> <br>at amortized cost		6,567			—
Cash flow hedge
Interest rate risk
Debentures		—		59,952		—			—		Debentures		(1,083	)		655
Anticipated bond purchase		—		—		—			—		—		183,177			(150,651	)
Foreign currencies translation risk and interest rate risk
Debentures		—		878,855		—			—		Debentures		53,508			(188	)
Foreign currency securities		256,487		—		—			—		FVTOCI		13,062			(1,105	)
Foreign private bonds		176,540		—		—			—		Financial assets at<br>amortized cost		11,016			(1,722	)
		55,671		—		—			—		FTVPL		(321	)		(77	)
Foreign currencies translation risk
Debentures		—		471,707		—			—		Debentures		(33,199	)		(2,242	)
Foreign currency securities		4,996,548		—		—			—		FVTOCI		141,426			(26,141	)
		605,631		—		—			—		FTVPL		(13,091	)		(321	)
Hedges of net investment in foreign operations
Exchange rate risk
Foreign operations net asset		—		1,239,695		—			—		Foreign operations<br>net asset		(30,325	)		(127,258	)
(*1)	The accumulated profit on debentures on foreign currency amounted to 29,538 million Won, and the<br>accumulated profit on debentures on local currency amounted to 7,354 million Won, as of December 31, 2025.
---	---
(*2)	After tax amount
---	---

• 105 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(7)	Amounts recognized in profit or loss due to the ineffective portion of fair value hedges are as follows (Unit:<br>Korean Won in millions):
		For the three-month period ended March 31, 2026
---	---	---	---	---	---
		Hedge ineffectiveness<br>recognized in profit or<br>loss			Line item in the profit or loss that includes<br><br><br>hedge ineffectiveness
Fair value hedge	Interest rate risk		1,063		Other net operating income(expense)
	Foreign currencies<br>translation risk<br>and interest rate<br>risk		(18,461	)	Other net operating income(expense)
	Foreign currencies<br>translation risk		(23,950	)	Other net operating income(expense)
		For the three-month period ended March 31, 2025
		Hedge ineffectiveness<br>recognized in profit or<br>loss			Line item in the profit or loss that includes<br><br><br>hedge ineffectiveness
Fair value hedge	Interest rate risk		3,655		Other net operating income(expense)
(8)	Reclassification of profit or loss from other comprehensive income and equity related to cash flow hedges are<br>as follows (Unit: Korean Won in millions):
---	---
		For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Changes in<br>the value<br>of hedging<br>instruments<br>recognized<br>in OCI			Hedge<br>ineffectiveness<br>recognized in<br>profit or loss			Changes in<br>the value<br>of 21.<br>recognized<br>in OCI			Line item recognized<br>in the profit or loss	Amounts<br>reclassified<br>from cash<br>flow hedge<br>reserve to<br>profit or<br>loss		Line item affected<br>in profit or loss due to<br>reclassification
Cash flow hedge	Interest rate risk		(198,968	)		45,513			—		Other net<br> operating<br>income<br>(expense)		59,107	Other net<br>operating<br>income<br>(expense)
	Foreign currencies translation risk and interest rate risk		(10,016	)		(11,636	)		(226	)	Other net<br>operating<br>income<br>(expense)		11,922	Other net<br>operating<br>income<br>(expense)
	Foreign currencies translation risk		(311,941	)		(3,763	)		431		Other net<br>operating<br>income<br>(expense)		303,482	Other net<br>operating<br>income<br>(expense)

• 106 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month period ended March 31, 2025
		Changes in<br>the value<br>of hedging<br>instruments<br>recognized<br>in OCI			Hedge<br>ineffectiveness<br>recognized in<br>profit or loss		Changes in<br>the value<br>of foreign<br>basis<br>spread<br>recognized<br>in OCI		Line item recognized<br>in the profit or loss	Amounts<br>reclassified<br>from cash<br>flow hedge<br>reserve to<br>profit or<br>loss			Line item affected in<br>profit or loss due to<br>reclassification
Cash flow hedge	Interest rate risk		142			—		—	Other net<br>operating<br>income<br>(expense)		—		Other net<br>operating income<br>(expense)
	Foreign currencies translation risk and interest rate risk		(4,509	)		—		1,771	Other net<br>operating<br>income<br>(expense)		3,045		Other net<br>operating income<br>(expense)
	Foreign currencies translation risk		12,508			—		162	Other net<br>operating<br>income<br>(expense)		(11,165	)	Other net<br>operating income<br>(expense)

• 107 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(9)	The amounts recognized in profit or loss and other comprehensive income related to the hedging of net<br>investments in foreign operations are as follows (Unit: Korean Won in millions):
		March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
		Other comprehensive income									Profit or loss
		Hedge gain or loss<br>recognized in other<br>comprehensive income			Income tax<br>effect			Sub-total			Hedge ineffectiveness<br>recognized in profit or<br>loss		Line item<br>recognizing<br>ineffectiveness
Hedges of net investment in foreign operations	Foreign<br>exchange risk		(67,821	)		18,651			(49,170	)		—		—
		March 31, 2025
		Other comprehensive income									Profit or loss
		Hedge gain or loss<br>recognized in other<br>comprehensive income			Income tax<br>effect			Sub-total			Hedge ineffectiveness<br>recognized in profit or<br>loss		Line item<br>recognizing<br>ineffectiveness
Hedges of net investment in foreign operations	Foreign<br>exchange risk		3,024			(798	)		2,226			—		—

No amount was reclassified from reserve of hedges of net investment in foreign operations to profit or loss for the three-month periods ended March 31, 2026 and 2025.

22.	EQUITY
(1)	Details of equity as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in<br>millions):
---	---
	March 31, 2026			December 31, 2025
---	---	---	---	---	---	---
Capital
Common stock capital		3,802,676			3,802,676
Hybrid securities		3,710,454			3,710,498
Capital surplus
Paid in capital in excess of par		854,499			854,499
Others		78,669			78,937
Sub-total		933,168			933,436
Capital adjustments
Treasury stocks		(138,557	)		(35,517	)
Other adjustments (*1)		(1,643,432	)		(1,646,069	)
Sub-total		(1,781,989	)		(1,681,586	)
Accumulated other comprehensive income
Gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at<br>FVTPL		1,194			1,274
Financial assets at FVTOCI		(2,373,037	)		(1,106,650	)
Changes in capital due to equity method		3,371			(4,222	)
Net financial gain (loss) on insurance contract assets (liabilities)		2,968,046			1,534,528
Net financial gain (loss) on reinsurance contract assets (liabilities)		(22,341	)		(10,462	)
Gain on revaluation of premises and equipment		1,795,243			—
Gain (loss) on foreign currency translation of foreign operations		693,988			416,768
Gain (loss) on hedges of net investment in foreign operations		(176,428	)		(127,258	)
Remeasurements of defined benefit plan		(113,813	)		(96,991	)
Gain (loss) on valuation of cash flow hedge		(230,066	)		(144,728	)
Sub-total		2,546,157			462,259
Retained earnings (*2) (*3)		28,797,534			28,790,056
Non-controlling interest (*4) (*5)		1,898,308			1,841,909
Total		39,906,308			37,859,248

• 108 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*1)	Included 178,060 million Won in capital transaction gains and losses recognized by Woori Bank and<br>(formerly) Woori Financial Group in 2014 and 2,238,228 million Won due to the spin-off of Gyeongnam Bank and Gwangju Bank.
(*2)	The regulatory reserve for credit losses in retained earnings amounted to 2,959,506 million Won and<br>2,678,017 million Won as of March 31, 2026 and December 31, 2025, respectively in accordance with the relevant article.
---	---
(*3)	The earned surplus reserve in retained earnings amounted to 667,700 million Won and 554,990 million<br>Won as of March 31, 2026 and December 31, 2025 in accordance with the Article 53 of the Financial Holding Company Act.
---	---
(*4)	The hybrid securities issued by Woori Bank amounting to 1,406,513 million Won and 1,406,513 million<br>Won as of March 31, 2026 and December 31, 2025, respectively, are recognized as non-controlling interests. 34,326 million Won and 36,457 million Won of dividends for the hybrid securities<br>issued by Woori Bank are allocated to net profit and loss of the non-controlling interests for the three-month periods ended March 31, 2026 and 2025, respectively.
---	---
(*5)	10,995 million Won of dividends for the hybrid securities issued by Tongyang Life Insurance Co., Ltd. are<br>allocated to net profit and loss of the non-controlling interests for the year ended December 31, 2025.
---	---
(2)	The number of authorized shares and others of the Group are as follows:
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Shares of common stock authorized		4,000,000,000 Shares		4,000,000,000 Shares
Par value		5,000 Won		5,000 Won
Shares of common stock issued		734,076,320 Shares		742,591,501 Shares
Capital stock (*)		3,802,676 million Won		3,802,676 million Won
(*)	Due to the cancellation of treasury shares using retained earnings, the<br>paid-in capital differs from the total par value of the issued shares.
---	---
(3)	Hybrid securities
---	---

The bond-type hybrid securities classified as owner’s equity are as follows (Unit: Korean Won in millions):

	Issue date		Maturity		Interest rate (%)		March 31, 2026			December 31,<br>2025
Securities in local currency		2021-04-08		—		3.15		200,000			200,000
Securities in local currency		2021-10-14		—		3.60		200,000			200,000
Securities in local currency		2022-02-17		—		4.10		300,000			300,000
Securities in local currency		2022-07-28		—		4.99		300,000			300,000
Securities in local currency		2022-10-25		—		5.97		220,000			220,000
Securities in local currency		2023-02-10		—		4.65		300,000			300,000
Securities in local currency		2023-09-07		—		5.04		200,000			200,000
Securities in local currency		2024-02-07		—		4.49		400,000			400,000
Securities in local currency		2024-06-19		—		4.27		400,000			400,000
Securities in local currency		2024-10-10		—		4.00		400,000			400,000
Securities in local currency		2025-05-13		—		3.45		400,000			400,000
Securities in local currency		2025-10-22		—		3.34		400,000			400,000
Issuance cost								(9,546	)		(9,502	)
Total								3,710,454			3,710,498

• 109 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

The hybrid securities mentioned above do not have maturity date but are redeemable after 5 years from date of issuance.

(4)	Accumulated other comprehensive income

Changes in the accumulated other comprehensive income are as follows (Unit: Korean Won in millions):

	For the three-month period ended March 31, 2026
	Beginning<br>balance			Increase<br>(decrease) (*)			Reclassification<br>adjustments			Income tax<br>effect			Non-controlling<br>interest<br>adjustments			Ending<br>balance
Net gain (loss) on valuation of financial assets at FVTOCI		(1,106,650	)		(1,888,209	)		(29,969	)		495,671			156,120			(2,373,037	)
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at<br>FVTPL		1,274			(110	)		—			30			—			1,194
Changes in capital due to equity method		(4,222	)		9,821			—			(2,228	)		—			3,371
Gain (loss) on foreign currency translation of foreign operations		416,768			287,905			—			(5,289	)		(5,396	)		693,988
Gain (loss) on hedges of net investment in foreign operations		(127,258	)		(67,821	)		—			18,651			—			(176,428	)
Remeasurement gain (loss) related to defined benefit liabilities		(96,991	)		(24,198	)		—			6,547			829			(113,813	)
Gain (loss) on valuation of cash flow hedge		(144,728	)		(521,040	)		374,511			36,067			25,124			(230,066	)
Net financial gain(loss) on insurance contract assets (liabilities)		1,534,528			2,240,648			—			(569,151	)		(237,979	)		2,968,046
Net financial gain (loss) on reinsurance contract assets (liabilities)		(10,462	)		(22,543	)		—			5,104			5,560			(22,341	)
Revaluation surplus		—			2,474,567			—			(678,089	)		(1,235	)		1,795,243
Total		462,259			2,489,020			344,542			(692,687	)		(56,977	)		2,546,157
(*)	The increase(decrease) of financial asset valuation profit or loss at fair value through other comprehensive<br>income are changes due to the period evaluation, and the reclassification adjustments amounting to (149) million Won are due to disposal of equity securities at FVTOCI during the period.
---	---
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Beginning<br>balance			Increase<br>(decrease) (*)			Reclassification<br>adjustments			Income tax<br>effect			Ending<br>balance
Net gain (loss) on valuation of financial assets at FVTOCI		60,438			141,568			(31,953	)		(30,104	)		139,949
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at<br>FVTPL		1,348			35			—			(9	)		1,374
Changes in capital due to equity method		(1,886	)		477			—			(101	)		(1,510	)
Gain (loss) on foreign currency translation of foreign operations		523,780			2,202			—			1,092			527,074
Gain (loss) on hedges of net investment in foreign operations		(149,577	)		3,024			—			(798	)		(147,351	)
Remeasurement gain (loss) related to defined benefit plan		(86,218	)		(155,281	)		—			40,496			(201,003	)
Gain (loss) on valuation of cash flow hedge		(14,215	)		1,954			—			(227	)		(12,488	)
Total		333,670			(6,021	)		(31,953	)		10,349			306,045
(*)	The increase(decrease) of financial asset valuation profit or loss at fair value through other comprehensive<br>income are changes due to the period evaluation, and the reclassification adjustments amounting to 996 million Won are due to disposal of equity securities at FVTOCI during the period.
---	---

• 110 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(5)	Treasury stocks

Changes in treasury stocks for the three-month periods ended March 31, 2026 and 2025 are as follows (Unit: Korean Won in millions):

	For the three-month period ended March 31, 2026
	Beginning<br>balance		Acquisition		Disposal etc.		Ending<br>balance
Number of shares		3,082,276		2,983,526		—		6,065,802
Carrying amount		35,517		103,040		—		138,557
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---
	Beginning<br>balance		Acquisition		Disposal etc.		Ending<br>balance
Number of shares		3,082,276		1,550,000		—		4,632,276
Carrying amount		35,517		25,641		—		61,158
(6)	Regulatory Reserve for Credit Loss
---	---

In accordance with Article 26 ~ 28 of the Financial holding company Supervision Regulations, the Group calculates and discloses the regulatory reserve for credit loss.

1)	Balance of the regulatory reserve for credit loss

Balance of the planned regulatory reserve for credit loss is as follows (Unit: Korean Won in millions):

	March 31, 2026		December 31,<br>2025
Beginning balance		2,959,506		2,668,842
Changes due to business combinations		—		9,175
Planned provision of regulatory reserve for credit loss		73,915		281,489
Ending balance		3,033,421		2,959,506
2)	Provision of regulatory reserve for credit loss, adjusted income after the provision of regulatory reserve and<br>others
---	---

Planned reserves provided, adjusted net income after the planned reserves provided and adjusted EPS after the planned reserves provided are as follows (Unit: Korean Won in millions, except for EPS amount):

	For the three-month periods ended March 31
	2026			2025
Net income before regulatory reserve		639,433			654,556
Required provision of regulatory reserve for credit loss		73,915			62,572
Adjusted net income after the provision of regulatory reserve		565,518			591,984
Dividends to hybrid securities		(39,034	)		(39,506	)
Adjusted net income after regulatory reserve and dividends to hybrid securities		526,484			552,478
Adjusted EPS after regulatory reserve and the dividends to hybrid securities (Unit: Korean<br>Won)		721			747

• 111 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

23.	DIVIDENDS

Dividends per share and the total dividends for the fiscal year ending December 31, 2025 were 760 Won and 557,431 million Won, respectively, approved at the regular general shareholders’ meeting held on March 23, 2026. The financial statements of the current period ended March 31, 2026 include these unpaid dividends, which were paid in April 2026.

24.	NET INTEREST INCOME
(1)	Interest income recognized is as follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Financial assets at FVTPL		79,791		55,959
Financial assets at FVTOCI		650,978		351,396
Financial assets at amortized cost:
Securities at amortized cost		130,888		137,852
Loans and other financial assets at amortized cost:
Interest on due from banks		131,992		142,661
Interest on loans		4,364,247		4,589,095
Interest of other receivables		32,192		28,206
Subtotal		4,528,431		4,759,962
Insurance finance interest income		5,707		—
Total		5,395,795		5,305,169
(2)	Details of interest expense recognized are as follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Financial liabilities at amortized cost
Interest on deposits due to customers		1,815,298		2,208,418
Interest on borrowings		285,360		303,709
Interest on debentures		464,012		448,547
Other interest expense		129,696		87,934
Interest on lease liabilities		4,687		4,570
Subtotal		2,699,053		3,053,178
Insurance finance interest expense		393,589		—
Total		3,092,642		3,053,178

• 112 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

25.	NET FEES AND COMMISSIONS INCOME
(1)	Details of fees and commissions income recognized are as follows (Unit: Korean Won in millions):<br>
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Fees and commission received for brokerage		37,217		42,380
Fees and commission received related to credit		38,575		44,474
Fees and commission received for electronic finance		32,886		31,501
Fees and commission received on foreign exchange handling		13,557		13,772
Fees and commission received on foreign exchange		27,404		27,452
Fees and commission received for guarantee		22,432		24,402
Fees and commission received on credit card		154,751		160,616
Fees and commission received on securities business		38,410		17,101
Fees and commission from trust management		64,977		64,649
Fees and commission received on credit information		1,954		2,679
Fees and commission received related to lease		239,345		239,363
Other fees		118,237		40,582
Total		789,745		708,971
(2)	Details of fees and commissions expense incurred are as follows (Unit: Korean Won in millions):<br>
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Fees and commissions paid		88,606		85,212
Credit card commission		112,145		106,211
Securities business commission		1,504		401
Others		10,660		5,713
Total		212,915		197,537
26.	DIVIDEND INCOME
---	---
(1)	Details of dividend income recognized are as follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Dividend income related to financial assets at FVTPL		120,868		55,279
Dividend income related to financial assets at FVTOCI		19,864		14,545
Total		140,732		69,824
(2)	Details of dividends related to financial assets at FVTOCI are as follows (Unit: Korean Won in millions):<br>
---	---
	For the three-month periods<br>ended March 31, 2026				For the three-month periods<br>ended March 31, 2025
---	---	---	---	---	---	---	---	---
	Derecognized<br>equity<br>instruments		Held equity<br>instruments		Derecognized<br>equity<br>instruments		Held equity<br>instruments
Stocks		—		15,510		—		13,791
Capital contributions		—		223		—		754
Others		—		4,131		—		—
Total		—		19,864		—		14,545

• 113 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

27.	NET GAIN OR LOSS ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS MANDATORILY MEASURED AT FAIRVALUE
(1)	Details of gains or losses related to net gain or loss on financial instruments at FVTPL are as follows (Unit:<br>Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---	---
	2026		2025
Gain (Loss) on financial instruments at FVTPL		410,328		212,408
Gain (Loss) on credit risk fluctuation of financial instuments designated to be measured at<br>FVTPL		28,923		(10,040	)
Total		439,251		202,368
(2)	Details of net gain or loss on financial instruments at fair value through profit or loss and financial<br>instruments held for trading are as follows (Unit: Korean Won in millions):
---	---
			For the three-month periods ended March 31
---	---	---	---	---	---	---	---	---
			2026			2025
Financial assets at FVTPL	Securities	Gain on transactions and valuation		670,601			336,624
		Loss on transactions and valuation		(625,251	)		(126,284	)
		Sub-total		45,350			210,340
	Loans	Gain on transactions and valuation		8,248			1,212
		Loss on transactions and valuation		(9,074	)		(72	)
		Sub-total		(826	)		1,140
	Other financial assets	Gain on transactions and valuation		43,762			3,318
		Loss on transactions and valuation		(32,906	)		(7,275	)
		Sub-total		10,856			(3,957	)
		Sub-total		55,380			207,523
Derivatives (Held for trading) (*)	Interest rates derivatives	Gain on transactions and valuation		1,187,989			356,578
		Loss on transactions and valuation		(864,366	)		(556,278	)
		Sub-total		323,623			(199,700	)
	Currency derivatives	Gain on transactions and valuation		5,531,685			2,338,103
		Loss on transactions and valuation		(5,467,557	)		(2,133,574	)
		Sub-total		64,128			204,529
	Equity derivatives	Gain on transactions and valuation		205,000			89
		Loss on transactions and valuation		(237,795	)		(37	)
		Sub-total		(32,795	)		52
	Other derivatives	Gain on transactions and valuation		—			4
		Loss on transactions and valuation		(8	)		—
		Sub-total		(8	)		4
		Sub-total		354,948			4,885
Net total				410,328			212,408
(*)	The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and<br>losses on transactions of foreign exchange due to exchange rate risk. The gains and losses on transactions of foreign exchange are described in Note 30. (2) and (3).
---	---
(3)	Details of gains or losses on credit risk fluctuation of financial instruments designated to be measured at<br>FVTPL are as follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---	---
	2026		2025
Gain (Loss) on deposits
Gain (Loss) on fixed deposits		28,923		(10,040	)

• 114 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

28.	NET GAIN OR LOSS ON FINANCIAL ASSETS AT FVTOCI

Details of net gain or loss on financial assets at FVTOCI recognized are as follows (Unit: Korean Won in millions) :

	For the three-month periods ended March 31
	2026		2025
Gain (Loss) on transactions of securities		10,703		33,257
29.	REVERSAL OF (PROVISION FOR) IMPAIRMENT LOSSES DUE TO CREDIT LOSS
---	---

Reversal of (provision for) impairment losses due to credit loss are as follows (Unit: Korean Won in millions):

	For the three-month periods ended March 31
	2026			2025
Provision due to credit loss on financial assets measured at FVTOCI		(1,916	)		(728	)
Reversal for impairment loss due to credit loss on securities at amortized cost		52			90
Provision for impairment loss due to credit loss on loan and other financial assets at amortized<br>cost		(528,853	)		(441,886	)
Reversal for guarantees		1,444			2,619
Reversal for unused loan commitment		2,491			4,404
Total		(526,782	)		(435,501	)
30.	GENERAL AND ADMINISTRATIVE EXPENSES AND OTHER NET OPERATING INCOME (EXPENSES)
---	---
(1)	Details of general and administrative expenses recognized are as follows (Unit: Korean Won in millions):<br>
---	---
			For the three-month periods ended March 31
---	---	---	---	---	---	---
			2026		2025
Employee benefits	Short-term employee benefits	Salaries		491,948		472,112
		Employee fringe benefits		199,996		145,246
	Share based payment			23,061		5,243
	Retirement benefit service costs			42,643		38,374
	Termination			183,070		169,392
	Subtotal			940,718		830,367
Depreciation and amortization				151,939		142,947
Other general and administrative expenses	Rent			31,496		32,019
	Taxes and public dues			74,233		52,414
	Service charges			66,329		63,725
	Computer and IT related			45,446		38,946
	Telephone and communication			27,594		25,515
	Advertising			33,906		25,597
	Printing			1,057		1,156
	Traveling			4,337		3,060
	Supplies			1,981		1,706
	Insurance premium			4,178		3,726
	Maintenance			5,993		5,925
	Water, light, and heating			6,281		5,603
	Vehicle maintenance			2,619		2,713
	Others			24,702		70,753
	Sub-total			330,152		332,858
	Total			1,422,809		1,306,172

• 115 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Details of other operating income recognized are as follows (Unit: Korean Won in millions):<br>
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Gains on transactions of foreign exchange (*)		450,573		288,336
Gains related to derivatives (designated for hedging)		61,854		59,068
Gains on fair value hedged items		32,679		2,067
Others		126,488		95,639
Total		671,594		445,110
(*)	The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and<br>losses on transactions of foreign exchange due to exchange rate risk. The related gains and losses are described in Note 27. (2).
---	---
(3)	Details of other operating expenses recognized are as follows (Unit: Korean Won in millions):<br>
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Losses on transactions of foreign exchange (*1)		451,598		317,375
KDIC deposit insurance premium		126,607		130,370
Contribution to miscellaneous funds		139,984		130,108
Losses related to derivatives (Designated for hedging)		196,022		3,734
Losses on fair value hedged items		10,047		45,158
Others (*2)		339,396		296,108
Total		1,263,654		922,853
(*1)	The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and<br>losses on transactions of foreign exchange due to exchange rate risk. The related gains and losses are described in Note 27. (2).
---	---
(*2)	Other expense includes 6,782 million Won and 8,137 million Won for intangible asset amortization cost<br>and 156,439 million Won and 156,954 million Won for lease depreciation cost for the period ended March 31, 2026 and 2025, respectively.
---	---
(4)	Share-based payment
---	---

Details of performance condition share-based payment granted to executives as of March 31, 2026 and December 31, 2025 are as follows.

1)	Performance condition share-based payment
Subject to	Shares granted for the year 2021
---	---
Type of payment	Cash-settled
Vesting period	January 1, 2021 ~ December 31, 2024
Date of payment	2025-01-01
Fair value (*1)	15,831 Won
Valuation method	Black-Scholes Model

• 116 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Expected dividend rate		6.48%
Expected maturity date		—
Number of shares remaining	As of March 31, 2026	56,029 shares
	As of December 31, 2025	56,029 shares
Number of shares granted (*2)	As of March 31, 2026	56,029 shares
	As of December 31, 2025	56,029 shares
Subject to		Shares granted for the year 2022
Type of payment		Cash-settled
Vesting period		January 1, 2022 ~ December 31, 2025
Date of payment		2026-01-01
Fair value (*1)		27,713 Won
Valuation method		Black-Scholes Model
Expected dividend rate		7.30%
Expected maturity date		—
Number of shares remaining	As of March 31, 2026	804,727 shares
	As of December 31, 2025	960,777 shares
Number of shares granted (*2)	As of March 31, 2026	804,727 shares
	As of December 31, 2025	960,777 shares
Subject to		Shares granted for the year 2023
Type of payment		Cash-settled
Vesting period		January 1, 2023 ~ December 31, 2026
Date of payment		2027-01-01
Fair value (*1)		31,892 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		0.75 year
Number of shares remaining	As of March 31, 2026	916,849 shares
	As of December 31, 2025	916,849 shares
Number of shares granted (*2)	As of March 31, 2026	916,849 shares
	As of December 31, 2025	916,849 shares
Subject to		Shares granted for the year 2024
Type of payment		Cash-settled
Vesting period		January 1, 2024 ~ December 31, 2027
Date of payment		2028-01-01
Fair value (*1)		29,825 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		1.75 years
Number of shares remaining	As of March 31, 2026	1,384,504 shares
	As of December 31, 2025	1,384,504 shares
Number of shares granted (*2)	As of March 31, 2026	1,384,504 shares
	As of December 31, 2025	1,384,504 shares
Subject to		Shares granted for the year 2025
Type of payment		Cash-settled
Vesting period		January 1, 2025 ~ December 31, 2028
Date of payment		2029-01-01
Fair value (*1)		27,892 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		2.75 years
Number of shares remaining	As of March 31, 2026	1,048,842 shares
	As of December 31, 2025	1,048,842 shares
Number of shares granted (*2)	As of March 31, 2026	1,048,842 shares
	As of December 31, 2025	1,048,842 shares

• 117 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Subject to		Shares granted for the year 2026
Type of payment		Cash-settled
Vesting period		January 1, 2026 ~ December 31, 2029
Date of payment		2030-01-01
Fair value (*1)		26,085 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		3.75 years
Number of shares remaining	As of March 31, 2026	148,342 shares
	As of December 31, 2025	—
Number of shares granted (*2)	As of March 31, 2026	148,342 shares
	As of December 31, 2025	—
(*1)	As the amount of payment varies according to the base price (the arithmetic average of the weighted average<br>stock price of transactions in the past one week, the past one month, and the past two months) at the date of payment, the fair value is calculated to measure the liability according to the Black Scholes model based on the base price at the time of<br>each settlement.
---	---
(*2)	The number of payable stocks is granted at the initial contract date. This is a system in which the number of<br>shares to be granted is determined based on the evaluation results of long-term performance indicators over a total of four years, including the current year, and the final cash compensation is made by reflecting the stock price at the time of<br>payment. Performance is evaluated as long-term performance indication including relative shareholder return, net income, return on equity (ROE), C/I ratio, non-performing loan ratio and job performance.<br>
---	---
2)	The Group accounts for performance condition share-based payments according to the cash-settled method and the<br>fair value of the liabilities is reflected in the compensation costs by re-measuring every closing period. As of March 31, 2026 and December 31, 2025, the carrying amount of the liabilities related<br>to the performance condition share-based payments recognized by the Group amounts to 126,917 million Won and 107,713 million Won, respectively, including the carrying amount of liabilities related to key management of 49,802 million<br>Won and 43,823 million Won, respectively.
---	---
31.	NON-OPERATING INCOME (EXPENSES)
---	---
(1)	Details of gains or losses on valuation of investments in joint ventures and associates are as follows (Unit:<br>Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---	---	---
	2026			2025
Gains on valuation of investments in joint ventures and associates		41,031			16,226
Losses on valuation of investments in joint ventures and associates		(12,268	)		(6,191	)
Total		28,763			10,035
(2)	Details of other non-operating income and expenses recognized are as<br>follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---	---	---
	2026			2025
Other non-operating incomes		39,572			23,179
Other non-operating expenses		(28,298	)		(37,882	)
Total		11,274			(14,703	)

• 118 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3)	Details of other non-operating income recognized are as follows (Unit:<br>Korean Won in millions):
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Rental fee income		11,990		5,311
Gains on disposal of investments in joint ventures and associates		17,512		16
Gains on disposal of premises and equipment, intangible assets and other assets		1,478		375
Reversal of impairment losses of premises and equipment, intangible assets and other<br>assets		705		20
Others (*)		7,887		17,457
Total		39,572		23,179
(*)	‘Others’ for the three-month periods ended March 31, 2026 and 2025 include 421 million Won and<br>3 million Won of other special gain related to other provisions, respectively.
---	---
(4)	Details of other non-operating expenses recognized are as follows<br>(Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Depreciation on investment properties		2,869		1,397
Operating expenses on investment properties		342		321
Losses on disposal of investments in joint ventures and associates		29		191
Losses on disposal of premises and equipment, intangible assets and other assets		3,722		387
Impairment losses of premises and equipment, intangible assets and other assets		371		282
Loss on revaluation of premises and equipment		6,838		—
Donation		6,388		15,991
Others (*)		7,739		19,313
Total		28,298		37,882
(*)	Other special losses related to other provisions for the three-month periods ended March 31, 2026 and 2025 are<br>231 million Won and 64 million Won, respectively.
---	---
32.	INCOME TAX EXPENSE
---	---

Details of income tax expenses are as follows (Unit: Korean Won in millions):

	For the three-month periods ended March 31
	2026			2025
Current tax expense:
Current tax expense with respect to the current period		162,680			231,853
Adjustments recognized in the current period in relation to the tax expense of prior<br>periods		(2,545	)		13,191
Income tax expense (income) directly attributable to other equity		17,700			(798	)
Sub-total		177,835			244,246
Deferred tax expense
Change in deferred tax assets (liabilities) due to temporary differences		744,002			(45,368	)
Income tax expense (income) directly attributable to equity		(711,085	)		11,147
Others		(1,993	)		14
Sub-total		30,924			(34,207	)
Income tax expense		208,759			210,039

• 119 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

Income tax expense was recognized based on the best estimate of the weighted average annual effective tax rate expected for the interim period. The weighted average annual effective tax rate for the March 31, 2026, is 24.6% (The weighted average annual effective tax rate for the March 31, 2025, is 24.3%).

33.	EARNINGS PER SHARE (“EPS”)
(1)	Basic EPS is calculated by dividing net income attributable to common shareholders by weighted-average number<br>of common shares outstanding (Unit: Korean Won in millions, except for EPS and number of shares):
---	---
	For the three-month periods ended March 31
---	---	---	---	---	---	---
	2026			2025
Net income attributable to shareholders		604,318			616,691
Dividends to hybrid securities		(39,034	)		(39,506	)
Net income attributable to common shareholders		565,284			577,185
Weighted average number of common shares outstanding (Unit: million shares)		730			739
Basic EPS (Unit: Korean Won)		774			781
(2)	The weighted average number of common shares outstanding is as follows (Unit: number of shares, days):<br>
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---
	Number of<br>shares			Accumulated number<br>of shares outstanding<br>during period
Common shares issued at the beginning of the period		734,076,320			66,066,868,800
Treasury stocks		(3,082,276	)		(277,404,840	)
Acquisition of treasury stock		(2,983,526	)		(76,074,046	)
Sub-total (①)					65,713,389,914
Weighted average number of common shares outstanding<br>(② = ①/90)					730,148,777
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---
	Number of<br>shares			Accumulated number<br>of shares outstanding<br>during period
Common shares issued at the beginning of the period		742,591,501			66,833,235,090
Treasury stocks		(3,082,276	)		(277,404,840	)
Acquisition of treasury stock		(1,550,000	)		(28,250,000	)
Sub-total (①)					66,527,580,250
Weighted average number of common shares outstanding<br>(② = ①/90)					739,195,336

Diluted EPS is equal to basic EPS because there is no dilution effect for the three-month periods ended 31, 2026 and 2025.

• 120 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

34.	CONTINGENT LIABILITIES AND COMMITMENTS
(1)	Details of guarantees are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Confirmed guarantees
Guarantee for loans		73,549		69,961
Acceptances		612,097		495,942
Guarantees in acceptances of imported goods		61,287		66,879
Other confirmed guarantees		11,353,093		10,831,684
Sub-total		12,100,026		11,464,466
Unconfirmed guarantees
Local letters of credit		188,493		161,120
Letters of credit		3,080,009		2,615,813
Other unconfirmed guarantees		1,880,531		1,331,305
Sub-total		5,149,033		4,108,238
Commercial paper purchase commitments and others		489,105		497,394
Total (*)		17,738,164		16,070,098
(*)	Includes financial guarantees of 5,367,797 million won and 5,032,808 million won as of March 31, 2026<br>and December 31, 2025, respectively.
---	---
(2)	Details of loan commitments and others are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Loan commitments		137,516,914		134,286,067
Other commitments (*)		11,521,891		10,205,741
(*)	As of March 31, 2026 and December 31, 2025, the amount of unsecured bills (purchase bills sales) and<br>discounts on electronic short-term bond sales (purchase) are 4,815,139 million won and 4,399,729 million won, respectively.
---	---
(3)	Litigation case
---	---

Details of litigation cases as of the period ended March 31, 2026, and December 31, 2025 are as follows.

Litigation case that the key Group is a defendant in a lawsuit pending (excluding fraud lawsuits and those lawsuits that are filed only to extend the statute of limitation, etc.) are 1,042 cases (litigation value of 983,790 million Won) and 1,032 cases (litigation value of 926,888 million Won) as of March 31, 2026 and December 31, 2025 respectively, and provisions for litigations are 70,560 million Won and 70,682 million Won.

(4)	Other commitments
1)	The obligations related to guaranteed completion with trust business as of March 31, 2026, are as follows<br>(Unit: Korean Won in millions):
---	---
		cases	Initial PF<br><br><br>Commitment<br> <br>Limit	Amount of<br><br><br>PF Loans<br> <br>(*3)	Amount of<br>unused PF<br>limit (*4)	Amount<br>of Trust<br>Account<br>Limit (*4)	Amount of<br>Trust<br>Account
---	---	---	---	---	---	---	---
Responsible completion<br><br><br>land trust (*1)	Our Responsibility for Completion Deadline Passed<br><br><br>(including completed projects)	3	200,000	38,733	55,013	5,700	5,700
Redevelopment Land Trust	Our Obligation to Bear Responsibility for Completion (*2)	3	98,499	54,210	97,066	32,500	13,392
Total		6	298,499	92,943	152,079	38,200	19,092
(*1)	Responsible completion land trust is a trust in which the Woori Asset Trust Co., Ltd., subsidiary, is only<br>liable to the lending financial institution for the completion guarantee obligation in case the contractor fails to fulfill the obligation. If the subsidiary is unable to fulfill the completion guarantee obligation, it is responsible for<br>compensating the lending financial institution for any losses incurred.
---	---
(*2)	In redevelopment projects where the Korea Housing & Urban Guarantee Corporation guarantees project<br>financing loans, the project operator is responsible for the completion guarantee obligation according to the standard project agreement terms of the Korea Housing & Urban Guarantee Corporation, but the completion guarantee period has not<br>yet expired as of March 31, 2026.
---	---
(*3)	Since, for projects where it is highly likely that our subsidiary Woori Asset Trust will bear the<br>responsibility for completion and where the possibility and amount of loss can be reliably estimated, these impacts have been reflected in the financial statements at the end of the current period. However, for projects where the risk of Woori Asset<br>Trust bearing the completion guarantee obligations is considered low or where the possibility and amount of loss cannot be reliably estimated, these impacts have not been reflected in the financial statements at the end of the current period.<br>
---	---

• 121 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*4)	The limit may be subject to change during the project progress due to reasons such as limit deductions.<br>
2)	As of March 31, 2026, Woori Asset Trust, a subsidiary, may lend a trust account for a part of the total<br>project cost in relation to 29 debt-type land trust contracts including Boutique Terrace Hotel in Woo-dong, Haeundae-gu, Busan. The maximum loan amount (unused limit) is<br>165,589 million Won. Whether or not Woori Asset Trust lends a trust account in relation to the relevant businesses is not an unconditional payment obligation, and it is determined by considering overall matters such as the unique account and<br>the fund balance plan of each trust business.
---	---
3)	Pursuant to some contracts related to asset securitization, the Group utilizes various prerequisites,<br>triggering events causing early redemption, limiting risks that investors bear due to change in asset quality. Breach of such triggering clause leads to an early redemption of the securitized bonds.
---	---
4)	As of March 31, 2026, Tongyang Life Insurance Co., Ltd., a subsidiary, has entered into an agreement with<br>Tongyang Leisure to amend the existing lease and transfer operating rights for the golf course, contingent upon the conversion of the golf course to public access, member consent, and court approval of the rehabilitation plan. The agreement includes<br>clauses to pay variable compensation amount based on the sale proceeds, in consideration of the fulfillment of contractual obligations and the transfer of business rights. Member consent and the conversion to public access have been completed, and<br>the variable compensation will be recognized when the decision to sell is made.
---	---
5)	As of March 31, 2026, Tongyang Life Insurance, a subsidiary, is under investigation by the Financial<br>Services Commission regarding potential violations of the Credit Information Use and Protection Act.
---	---
6)	The administrative fine paid to the Personal Information Protection Commission in October 2025 in connection<br>with the leakage of personal credit information of merchant representatives that occurred at the subsidiary, Woori Card, between January and April 2024 has been recognized in non-operating income and expenses.<br>In addition, further administrative fines may be imposed by the Financial Services Commission; however, the outcome cannot be predicted at this time.
---	---

• 122 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

35.	RELATED PARTY TRANSACTIONS

Related parties of the Group as of March 31, 2026 and December 31, 2025, and assets and liabilities recognized, guarantees and commitments, major transactions with related parties and compensation to key management for the three-month period ended March 31, 2026 and 2025 are as follows. Please refer to Note 12 for the details of joint ventures and associates.

(1)	Assets and liabilities from transactions with related parties are as follows (Unit: Korean Won in millions):<br>
	Related parties	Account title	March 31, 2026			December 31, 2025
---	---	---	---	---	---	---	---	---
Associates	W Service Networks Co., Ltd.	Loans		22			30
		Deposits due to customers		3,044			3,009
		Accrued expenses		7			7
		Other liabilities		316			316
	Korea Credit Bureau Co., Ltd.	Loans		39			—
		Deposits due to customers		1,457			2,615
		Other liabilities		16			10
	Korea Finance Security Co., Ltd.	Loans		3,231			3,435
		Loss allowance		(22	)		(23	)
		Deposits due to customers		4,291			2,138
		Other liabilities		2			1
	LOTTE CARD Co. Ltd.	Loans		15,134			26,880
		Account receivables		33			35
		Loss allowance		(30	)		(295	)
		Derivative assets		178			564
		Other assets		213			256
		Deposits due to customers		29,413			22,869
		Accrued expenses		43			39
		Derivative liabilities		1,333			807
		Other liabilities		289			289
	K BANK Co., Ltd. (*1)	Loans		—			17
		Account receivables		—			9
		Cash and cash equivalents		—			192
		Other assets		—			43
		Other liabilities		—			158,668
	Others (*2)	Loans		42,716			42,903
		Loss allowance		(139	)		(139	)
		Other assets		2,925			9,116
		Deposits due to customers		2,042			2,259
		Other liabilities		985			541
(*1)	It has been excluded from related parties as of March 31, 2026.
---	---
(*2)	Others include IGEN2022No. 1 Private Equity Fund and etc., as of March 31, 2026 and December 31, 2025.<br>
---	---

• 123 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Gain or loss from transactions with related parties are as follows (Unit: Korean Won in millions):<br>
			For the three-month period ended March 31
---	---	---	---	---	---	---	---	---
	Related parties	Account title	2026			2025
Associates	W Service Network Co., Ltd.	Other income		9			9
		Interest expenses		15			8
		Fees expenses		55			129
		Other expenses		256			266
	Korea Credit Bureau Co., Ltd.	Interest expenses		6			—
		Fees expenses		1,315			1,291
		Other expenses		24			20
	Korea Finance Security Co., Ltd.	Interest income		38			35
		Interest expenses		1			—
		Provision(Reversal) of allowance for credit loss		(1	)		(1	)
		Other expenses		6			6
	LOTTE CARD Co., Ltd.	Interest income		274			395
		Fees income		956			991
		Gain on derivatives		177			631
		Loss on derivatives		912			352
		Interest expenses		347			455
		Fees expenses		647			—
		Provision(Reversal) of allowance for credit loss		(265	)		(269	)
	K BANK Co., Ltd.	Fees income		68			88
		Other expenses		2			—
	Others (*)	Interest income		649			124
		Fees income		9,441			3,101
		Dividend income		—			925
		Other income		1,519			2,289
		Interest expenses		2,726			2,597
		Other expenses		—			1,441
		Provision(Reversal) of allowance for credit loss		—			(108	)
(*)	Others include Win Mortgage Co., Ltd. and etc., for the period ended March 31, 2026 and 2025.<br>
---	---
(3)	Major loan transactions with related parties for the three-month periods ended March 31, 2026 and 2025 are as<br>follows (Unit: Korean Won in millions):
---	---
		For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---
	Related parties	Beginning<br>balance		Loan		Collection		Others			Ending<br>balance (*1)
Associates	W Service Network Co., Ltd.		30		75		83		—			22
	Korea Credit Bureau Co., Ltd.		—		42		3		—			39
	Korea Finance Security Co., Ltd.		3,435		94		298		—			3,231
	LOTTE CARD Co., Ltd.		26,880		—		12,531		785			15,134
	K BANK Co., Ltd. (*2)		17		49		50		(16	)		—
	Win Mortgage Co.,Ltd.		18		49		51		—			16
	Woori Real Estate Investment No. 1 Limited Liability Company		42,885		—		185		—			42,700
(*1)	Payments that occurred for business reasons among related parties are excluded and net increase or decrease was<br>used for limited credit loan.
---	---
(*2)	It has been excluded from related parties as of March 31, 2026.
---	---

• 124 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

		For the three-month period ended March 31, 2025
	Related parties	Beginning<br>balance		Loan		Collection		Others			Ending<br>balance (*)
Associates	W Service Network Co., Ltd.		51		134		126		—			59
	Korea Credit Bureau Co., Ltd.		1		—		1		—			—
	Korea Finance Security Co., Ltd.		3,225		310		504		—			3,031
	LOTTE CARD Co., Ltd.		27,913		—		13,213		(35	)		14,665
	K BANK Co., Ltd.		18		73		61		—			30
	Win Mortgage Co., Ltd.		8		52		41		—			19
	ARAM CMC CO. LTD		41		—		—		—			41
	Godo Kaisha Oceanos 1		38,770		—		16,346		1,875			24,299
(*)	Payments that occurred for business reasons among related parties are excluded and net increase or decrease was<br>used for limited credit loan.
---	---
(4)	Details of changes in major deposits due to customers with related parties for the three-month periods ended<br>March 31, 2026 and 2025 are as follows (Unit: Korean Won in millions):
---	---
		For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---
	Related parties	Beginning<br>balance		Increase		Decrease		Ending<br>balance (*)
Associates	W Service Networks Co., Ltd		1,000		1,550		—		2,550
	Win Mortgage Co., Ltd.		1,352		1,066		1,352		1,066
	Korea Credit Bureau Co., Ltd.		1,000		—		—		1,000
(*)	Details of payment between related parties, demand deposit due to customers and etc. are excluded.<br>
---	---
		For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---
	Related parties	Beginning<br>balance		Increase		Decrease		Ending<br>balance (*)
Associates	W Service Networks Co., Ltd		1,000		—		—		1,000
	Win Mortgage Co., Ltd.		1,387		732		1,187		932
(*)	Details of payment between related parties, demand deposit due to customers and etc. are excluded.<br>
---	---
(5)	There are no major borrowing transactions with related parties for the three-month periods ended March 31,<br>2026 and 2025.
---	---
(6)	Guarantees provided to the related parties are as follows (Unit: Korean Won in millions):<br>
---	---
Warrantee	March 31, 2026		December 31, 2025		Warranty
---	---	---	---	---	---	---
Korea Finance Security Co., Ltd.		629		425		Unused loan commitment
Korea Credit Bureau Co., Ltd.		961		35		Unused loan commitment
W Service Network Co., Ltd.		158		150		Unused loan commitment
K BANK Co., Ltd.		—		283		Unused loan commitment
LOTTE CARD Co. Ltd.		478,300		478,300		Unused loan commitment
		1,740		1,650		Confirmed Foreign Currency<br>Payment Guarantee
Win Mortgage Co., Ltd.		34		32		Unused loan commitment

As of March 31, 2026 and December 31, 2025, the recognized payment guarantee provisions are 289 million Won and 289 million Won, respectively, in relation to the guarantees provided to the related parties above.

• 125 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(7)	Amount of commitments with the related parties are as follows (Unit: Korean Won in millions):<br>
Warrantee	March 31, 2026		December 31, 2025		Warranty
---	---	---	---	---	---
NH Woori Newdeal Growth Alpha Private Equity Fund 1		819		819	Securities purchase<br>commitment
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]		990,000		990,000	Securities purchase<br>commitment
BTS 2nd Private Equity Fund		176		1,234	Securities purchase<br> <br>commitment
STASSETS FUND III		—		1,500	Securities purchase<br>commitment
Synaptic Future Growth Private Equity Fund 1		1,589		1,624	Securities purchase<br>commitment
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership		4,664		4,664	Securities purchase<br> <br>commitment
Woori Seoul Beltway Private Special Asset Fund No.1		26,072		27,103	Securities purchase<br>commitment
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust<br>2		60		255	Securities purchase<br>commitment
Woori Asset Global Partnership Fund No.5		63,750		75,000	Securities purchase<br>commitment
JC Assurance No.2 Private Equity Fund		492		492	Securities purchase<br>commitment
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund		50		50	Securities purchase<br>commitment
Woori Real Estate Investment No. 1 Limited Liability Company		7,100		7,100	Securities purchase<br>commitment
Woori Future Energy Private Special Asset Investment Trust(General) No.1		33,600		33,600	Securities purchase<br>commitment
LOTTE CARD Co., Ltd.		440,000		440,000	Derivative<br>commitment
Woori IMM Greean Net Zero Fund		21,099		21,099	Securities purchase<br> <br>commitment
Woori NH Co-Growth Private Equity Fund I		69,720		9,296	Securities purchase<br>commitment
Woori PGIF4 General Type Private Special Asset Investment Trust No.1		5,299		3,102	Securities purchase<br> <br>commitment
Woori GS West Street Strategic Solutions General Type Private Special Asset Investment Trust<br>No.1		19,378		15,820	Securities purchase<br>commitment
Woori Global Secondary Private Placement Investment Trust No. 2		1,799		2,948	Securities purchase<br>commitment
Woori Productive Financing Education Infrastructure General Private Special Asset Investment<br>Trust No.1		19,342		20,000	Securities purchase<br>commitment
(8)	Major investment and Recovery transactions
---	---

There are no major investment and recovery transactions with related parties for the three-month periods ended 2026 and 2025. Investment and recovery transactions of associates that are not treated as financial assets at fair value through profit or loss are described in Note 12.(2)

• 126 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF MARCH 31, 2026 AND 2025 (UNAUDITED)

(9)	Compensation for key management is as follows (Unit: Korean Won in millions):
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Short-term employee salaries		6,993		6,051
Retirement benefit service costs		390		314
Share-based compensation		7,057		1,849
Total		14,440		8,214

Key management includes executives and directors of Woori Financial Group and major subsidiaries, and also includes CEO of other subsidiaries. Outstanding assets from transactions with key management amount to 3,234 million won and 3,203 million won, as of March 31, 2026 and December 31, 2025 respectively and with respect to the assets, the Group has not recognized any allowance nor related impairment loss due to credit losses. Also, liabilities from transaction with key management amount to 13,236 million won and 11,562 million won, respectively, as of March 31, 2026 and December 31, 2025.

36.	EVENTS AFTER THE REPORTING PERIOD
(1)	On April 24, 2026, the Group’s Board of Directors has declared to pay a quarterly dividend of 220 Won per<br>share (total dividend of 160,541 million Won) with the record date set as of May 11, 2026, and the dividends will be paid on May 29, 2026.
---	---
(2)	On April 24, 2026, Woori Investment Securities Co., Ltd., a subsidiary of the parent company, resolved at<br>its board of directors meeting to undertake a shareholder-allocated paid-in capital increase of KRW 1 trillion (fully allocated to the parent company). The Group completed the payment of subscription amount on<br>May 4, 2026.
---	---
(3)	On April 29, 2026, the Group entered into a share exchange agreement with its subsidiary, Tongyang Life<br>Insurance Co., Ltd., under which 0.2521056 shares of the parent company’s common stock will be delivered for each common share of Tongyang Life Insurance Co., Ltd. held by shareholders other than the parent company. The shares are scheduled to<br>be delivered on August 11, 2026.
---	---

• 127 -

EX-99.2

Exhibit 99.2

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

WOORI FINANCIAL GROUP INC.

	Page(s)
Independent Auditors’ Review Report		1-2
Separate Interim Financial Statements
Separate Interim Statements of Financial Position		4
Separate Interim Statements of Comprehensive Income		5
Separate Interim Statements of Changes in Equity		6
Separate Interim Statements of Cash Flows		7
Notes to the Separate Interim Financial Statements		8-37

Independent Auditor’s Review Report

Based on a report originally issued in Korean

To the Board of Directors and Shareholders of Woori Financial Group Inc.

Reviewed Financial Statements

We have reviewed the accompanying condensed separate interim financial statements of Woori Financial Group Inc. (the “Company”), which comprise the condensed separate interim statement of financial position as of March 31, 2026, the condensed separate interim statement of comprehensive income, changes in equity and cash flows for the three-month periods ended March 31, 2026, and 2025 and notes, comprising of material accounting policy information and other explanatory information.

Management’s Responsibility

Management is responsible for the preparation and fair presentation of these condensed separate interim financial statements in accordance with Korean International Financial Reporting Standards (“K-IFRS”) No.1034 Interim Financial Reporting, and for such internal control as management determines is necessary to enable the preparation of the condensed separate interim financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Review Responsibility

Our responsibility is to issue a report on these condensed separate interim financial statements based on our reviews.

We conducted our reviews in accordance with the Review Standards for Quarterly and Semiannual Financial Statements established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe the accompanying condensed separate interim financial statements referred to above do not present fairly, in all material respects, in accordance with K-IFRS No.1034 Interim Financial Reporting.

• 1 -

Other Matters

The procedures and practices utilized in the Republic of Korea to review such condensed separate interim financial statements may differ from those generally accepted and applied in other countries.

The separate statement of financial position of the Company as of December 31, 2025, and the related separate statements of comprehensive income, changes in equity and cash flows for the year then ended, which are not accompanying this report, were audited by us in accordance with Korean Standards on Auditing and their report thereon, dated March 4, 2026, expressed an unqualified opinion. The accompanying separate statement of financial position of the Company as of December 31, 2025, presented for comparative purposes, is not different from that audited by us from which it was derived in all material respects.

/s/ KPMG Samjong Accounting Corp.

Seoul, Korea

May 15, 2026

This report is effective as of May 15, 2026, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying condensed separate interim financial statements and notes thereto. Accordingly, the readers of the review report should understand that the above review report has not been updated to reflect the impact of such subsequent events or circumstances, if any.

• 2 -

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH PERIODS

ENDED MARCH 31, 2026 AND 2025

The accompanying separate interim financial statements including all footnote disclosures were prepared by, and are the responsibility of, the management of Woori Financial Group Inc.

Jong Yong Yim

President and Chief Executive Officer

Main Office Address: (Address) 51, Sogong-ro, Jung-gu, Seoul

(Phone Number) 02-2125-2000

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM STATEMENTS OF FINANCIAL POSITION

ASOF MARCH 31, 2026 (UNAUDITED) AND DECEMBER 31, 2025

	March 31,<br>2026			December 31,<br>2025
	(Korean Won in millions)
ASSETS
Cash and cash equivalents (Notes 5 and 26)		1,485,933			489,321
Financial assets at fair value through other comprehensive income (“FVTOCI”) (Notes 6<br>and 8)		551,861			558,162
Loans and other financial assets at amortized cost (Notes 4, 7, 8 and 26)		867,389			707,142
Investments in subsidiaries (Notes 9 and 26)		25,599,124			25,597,495
Premises and equipment		3,861			4,763
Intangible assets		3,086			2,961
Net defined benefit asset (Note 13)		440			2,108
Current tax assets		34,247			26,295
Deferred tax assets		6,743			5,810
Other assets (Note 10)		430			315
Total assets		28,553,114			27,394,372
LIABILITIES
Debentures (Notes 4, 8 and 11)		2,717,637			2,667,525
Provisions (Note 12)		1,559			1,897
Current tax liabilities		708,717			673,217
Other financial liabilities (Notes 4, 8, 14 and 26)		681,374			95,822
Other liabilities (Note 14)		3,563			5,967
Total liabilities		4,112,850			3,444,428
EQUITY (Note 15)
Capital stock		3,802,676			3,802,676
Hybrid securities		3,710,228			3,710,228
Capital surplus		8,120,236			8,120,236
Other equity		(103,329	)		2,607
Retained earnings		8,910,453			8,314,197
Total equity		24,440,264			23,949,944
Total liabilities and equity		28,553,114			27,394,372

The accompanying notes are part of these condensed separate interim financial statements.

• 4 -

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month periods ended March 31
	2026			2025
	(Korean Won in millions)
Interest income		2,990			8,610
Interest expense		(18,881	)		(16,813	)
Net interest income (Notes 17 and 26)	****	(15,891	)	****	(8,203	)
Fees and commissions income		443			459
Fees and commissions expense		(7,460	)		(5,240	)
Net fees and commissions loss (Notes 18 and 26)	****	(7,017	)	****	(4,781	)
Dividend income (Notes 19 and 26)		1,243,373			1,429,225
Provision of impairment losses due to credit loss (Notes 20 and 26)		(655	)		(404	)
General and administrative expenses (Notes 21 and 26)		(23,859	)		(18,421	)
Operating income	****	1,195,951	****	****	1,397,416	****
Non-operating income(expense) (Note<br>22)	****	—	****	****	(6	)
Net income before income tax expense	****	1,195,951	****	****	1,397,410	****
Income tax expense (Note 23)		(1,008	)		(1,345	)
Net income	****	1,194,943	****	****	1,396,065	****
Net gain (loss) on valuation of equity securities at FVTOCI (Note 15)		(4,569	)		2,686
Remeasurement loss related to defined benefit plan (Notes 13 and 15)		(549	)		(960	)
Items that will not be reclassified to profit or loss:	****	(5,118	)	****	1,726	****
Other comprehensive Income(loss), net of tax	****	(5,118	)	****	1,726	****
Total comprehensive income	****	1,189,825	****	****	1,397,791	****
Earnings per share (Notes 15 and 24)
Basic and diluted earnings per share (Unit: In Korean Won)		1,577			1,828

The accompanying notes are part of these condensed separate interim financial statements.

• 5 -

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM STATEMENTS OF CHANGES IN EQUITY

FORTHE THREE-MONTH PERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

	Capitalstock		Capitalsurplus			Hybridsecurities			Otherequity			Retainedearnings			Total<br>equity
	(Korean Won in millions)
January 01, 2025		3,802,676		11,120,236			3,810,225			(1,189	)		5,420,783			24,152,731
Total comprehensive income
Net income		—		—			—			—			1,396,065			1,396,065
Net gain on valuation of equity securities at FVTOCI		—		—			—			2,686			—			2,686
Remeasurement loss related to defined benefit plan		—		—			—			(960	)		—			(960	)
Transactions with owners
Dividends to common stocks		—		—			—			—			(490,075	)		(490,075	)
Dividends to hybrid securities		—		—			—			—			(39,506	)		(39,506	)
Redemption of hybrid securities		—		—			(399,092	)		(908	)		—			(400,000	)
Transfer of redemption loss of hybrid securities to retained earnings		—		—			—			2,456			(2,456	)		—
Acquisition of treasury stocks		—		—			—			(25,641	)		—			(25,641	)
Transfer to retained earnings		—		(3,000,000	)		—			—			3,000,000			—
March 31, 2025 (Unaudited)		3,802,676		8,120,236			3,411,133			(23,556	)		9,284,811			24,595,300
January 01, 2026		3,802,676		8,120,236			3,710,228			2,607			8,314,197			23,949,944
Total comprehensive income
Net income		—		—			—			—			1,194,943			1,194,943
Net loss on valuation of equity securities at FVTOCI		—		—			—			(4,569	)		—			(4,569	)
Remeasurement loss related to defined benefit plan		—		—			—			(549	)		—			(549	)
Transactions with owners
Dividends to common stocks		—		—			—			—			(557,431	)		(557,431	)
Dividends to hybrid securities		—		—			—			—			(39,034	)		(39,034	)
Transfer of redemption loss of hybrid securities to retained earnings		—		—			—			2,222			(2,222	)		—
Acquisition of treasury stocks		—		—			—			(103,040	)		—			(103,040	)
March 31, 2026 (Unaudited)		3,802,676		8,120,236			3,710,228			(103,329	)		8,910,453			24,440,264

The accompanying notes are part of these condensed separate interim financial statements.

• 6 -

WOORI FINANCIAL GROUP INC.

SEPARATE STATEMENTS OF CASH FLOWS

FOR THE THREE-MONTHPERIODS ENDED MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month periods ended March 31
	2026			2025
	(Korean Won in millions)
Cash flows from operating activities:
Net income		1,194,943			1,396,065
Adjustments to net income:
Income tax expense		1,008			1,345
Interest income		(2,990	)		(8,610	)
Interest expense		18,881			16,813
Dividend income		(1,243,373	)		(1,429,225	)
		(1,226,474	)		(1,419,677	)
Adjustments for profit/loss items not involving cash flows:
Provision of impairment losses due to credit loss		655			404
Retirement benefit		1,963			2,022
Depreciation and amortization		1,087			1,465
Gain on disposal of premises and equipment, intangible assets<br><br><br>and other assets		—			(4	)
		3,705			3,887
Changes in operating assets and liabilities:
Loans and other financial assets at amortized cost		(27,750	)		(6,728	)
Other assets		(114	)		(62	)
Net defined benefit liability		(1,053	)		(1,125	)
Other financial liabilities		21,942			(1,191	)
Other liabilities		(2,405	)		1,751
		(9,380	)		(7,355	)
Interest income received		2,244			9,090
Interest expense paid		(18,474	)		(14,965	)
Dividends received		1,243,427			1,429,283
Income tax paid		(1,004	)		(983	)
Net cash provided by operating activities		1,188,987			1,395,345
Cash flows from investing activities:
Net Increase on other investment assets		(96,960	)		(409,326	)
Acquisition of investments in subsidiaries		(1,629	)		—
Acquisition of premises and equipment		(303	)		(42	)
Acquisition of intangible assets		(295	)		(311	)
		(99,187	)		(409,679	)
Cash flows from financing activities:
Issuance of debentures		129,713			399,248
Redemption of debentures		(80,000	)		—
Redemption of hybrid securities		—			(400,000	)
Acquisition of treasury stocks		(103,040	)		(20,673	)
Redemption of lease liabilities		(827	)		(789	)
Dividends paid to hybrid securities		(39,034	)		(39,506	)
		(93,188	)		(61,720	)
Net increase in cash and cash equivalents		996,612			923,946
Cash and cash equivalents, beginning of the period		489,321			1,185,912
Cash and cash equivalents, end of the period (Note 5)		1,485,933			2,109,858

The accompanying notes are part of these condensed separate interim financial statements.

• 7 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

1.	GENERAL
(1)	Summary of the parent company
---	---

Woori Financial Group, Inc. (hereinafter referred to the “Company”) is primarily aimed at controlling subsidiaries that operate in the financial industry or those that are closely related to the financial industry through the ownership of shares and was established on January 11, 2019 under the Financial Holding Company Act through the comprehensive transfer with shareholders of Woori Bank, Woori FIS Co., Ltd., Woori Finance Research Institute Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Services Co., Ltd. and Woori Private Equity Asset Management Co. Ltd. The headquarters of the Company is located at 51, Sogong-ro, Jung-gu, Seoul, Korea, and the capital is 3,802,676 million Won. The Company’s stocks were listed on the Korea Exchange on February 13, 2019, and its American Depository Shares (“ADS”) are also being traded as the underlying common stock on the New York Stock Exchange since the same date.

The details of stock transfer from the Company and subsidiaries as of incorporation are as follows (Unit: Number of shares):

Stock transfer company	Total number of<br>issued shares		Exchange ratio<br>per share		Number of Parent<br>company’s stocks
Woori Bank		676,000,000		1.0000000		676,000,000
Woori FIS Co., Ltd.		4,900,000		0.2999708		1,469,857
Woori Finance Research Institute Co., Ltd.		600,000		0.1888165		113,289
Woori Credit Information Co., Ltd.		1,008,000		1.1037292		1,112,559
Woori Fund Service Co., Ltd.		2,000,000		0.4709031		941,806
Woori Private Equity Asset Management Co., Ltd.		6,000,000		0.0877992		526,795

As of August 1, 2019, the Company acquired a 73% interest in Tongyang Asset Management Co., Ltd. and changed the name to Woori Asset Management Corp. Also, as of August 1, 2019, the Company gained 100% control of ABL Global Asset Management Co., Ltd., added it as a consolidated subsidiary and changed the name to Woori Global Asset Management Co., Ltd. on December 6, 2019.

The Company paid 598,391 million Won in cash and 42,103,377 new shares of the Company to acquire 100% interest of Woori Card Co., Ltd. from its subsidiary Woori Bank on September 10, 2019. On the same date, the Company also acquired 59.8% interest of Woori Investment Bank Co., Ltd. from Woori Bank with 392,795 million Won in cash.

As of December 30, 2019, the Company acquired 67.2% interests (excluding treasury stock, 51.0% when including treasury stock) in Woori Asset Trust Co. (formerly Kukje Asset Trust Co.) In addition, as of March 31, 2023, the Company acquired an additional 28.1% interests in Woori Asset Trust Co. (excluding treasury stock, 21.3% when including treasury stock).

As of December 10, 2020, the Company acquired 76.8% interests (excluding treasury stock, 74.0% when including treasury stock) in Woori Financial Capital Co., Ltd. (formerly Aju Capital Co., Ltd.). In addition, as of April 15, 2021, the Company acquired an additional 13.3% interests in Woori Financial Capital Co., Ltd. (excluding treasury stock, 12.9% in the case of including treasury stock), and as of May 24, 2021, the Company additionally acquired treasury stock(3.6%) which Woori Financial Capital possessed.

As of March 12, 2021, the Company paid 113,238 million Won in cash to acquire 100% interests on Woori Savings Bank from Woori Financial Capital Co., Ltd., our subsidiary.

As of August 10, 2021, the Company paid 5,792,866 new shares of the Company to the shareholders of Woori Financial Capital Co., Ltd. (excluding the Company) through comprehensive stock exchange and acquired residual interest (9.5%) of Woori Financial Capital Co., Ltd., to make it a wholly owned subsidiary.

As of January 7, 2022, Woori Financial F&I Co., Ltd., an investment company for non-performing loans and restructuring companies, was established (100% stock, 200 billion Won in stock payments) and incorporated as a subsidiary.

• 8 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

As of March 23, 2023, the Company acquired 53.9% interests in Woori Venture Partners Co., Ltd. (formerly Daol Investment Co., Ltd.) (excluding treasury stock, 52.0% in the case of including treasury stock). In addition, as of May 30, 2023, the Company additionally acquired treasury stock held by Woori Venture Partners Co., Ltd. (3.5%).

As of August 8, 2023, the Company paid 22,541,465 new shares of the Company to the shareholders of Woori Investment Bank Co., Ltd. (excluding the Company) through comprehensive stock exchange and acquired residual interest (41.3%) of Woori Investment Bank Co., Ltd., to make it a wholly owned subsidiary. In addition, on the same day, the Company paid 9,933,246 new shares of the Company to the shareholders of Woori Venture Partners Co., Ltd. (excluding the Company) through comprehensive stock exchange and acquired residual interest (44.5%) of Woori Venture Partners Co., Ltd., to make it a wholly owned subsidiary.

As of January 29, 2024, the Company owned interest (77.5%) of Woori Asset Management Corp, as a result of merger with Woori Asset Management Corp (surviving company) and Woori Global Asset Management Co., Ltd. (dissolution company), which was liquidated. As of March 29, 2024, the Company acquired residual interest(22.5%) of Woori Asset Management Corp, to make it a wholly owned subsidiary.

On March 25, 2024, the Company participated in the capital increase and acquired the 1,062,045 shares (96.7% after acquiring shares, 79.4% including treasury shares) of Woori Asset Trust Co., Ltd.. Additionally, on March 29, 2024, Woori Asset Trust Co., Ltd. conducted a complete retirement of its 738,000 treasury shares. In addition, as of April 8, 2024, the Company additionally acquired minority interests (2.0%) of Woori Asset Trust Co., Ltd.. Afterward, the Company additionally acquired minority interests (0.9%) of Woori Asset Trust Co., Ltd. as of November 19, 2024.

On August 1, 2024, The Company owned 97.1% interest in merged securities firm as a result of merger between Korea Foss Securities (the surviving company) and Woori Investment Bank Co., Ltd. (dissolution company), and acquired an additional 2.3% out of the remaining interest. The merged securities company also changed its name to Woori Investment Securities Co., Ltd.

On July 1, 2025, the Company acquired 77.9% of the shares (excluding treasury shares, 75.3% including treasury shares) of Tongyang Life Insurance Co., Ltd. and 100% of the shares of ABL Life Insurance Co., Ltd. and included them as subsidiaries.

On July 31, 2025, the Company acquired the residual interest (0.4%) of Woori Asset Trust Co., Ltd., to make it a wholly owned subsidiary.

On November 28, 2025, the Company acquired minority interests (0.2%) of Woori Investment Securities Co., Ltd. As of December 19, 2025, the Company additionally acquired treasury stock (0.1%) and minority interests (0.2%) which Woori Investment Securities Co., Ltd. possessed.

On January 5, 2026 and March 13, 2026, the Company acquired the residual interest (0.1%) of Woori Investment Securities Co., Ltd., to make it a wholly owned subsidiary.

2.	BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES

The Company’s financial statements are condensed interim financial statements prepared in accordance with Korean IFRS 1034, Interim Financial Reporting for some of periods in which the annual separate financial statements belong. They are also separate financial statements prepared in accordance with Korean IFRS 1027 Separate Financial Statements. It is necessary to use the Company’s annual separate financial statements for the year ended December 31, 2025 for understanding of the accompanying condensed interim financial statements. The accompanying condensed interim financial statements contain less information compared to the information required in the annual financial statements. Selective footnotes include explanations of transactions or events that are significant for understanding the changes in the financial position and performance of the Company since the end of the previous annual reporting period.

(1)	From the accounting period beginning on January 1, 2026, the Company has newly applied the following<br>standards and interpretations.

• 9 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

1)	Amendments to K-IFRS 1109 ‘Financial Instruments’, K-IFRS 1107 ‘Financial Instruments: Disclosures’

K-IFRS 1109 ‘Financial Instruments’ and K-IFRS 1107 ‘Financial Instruments: Disclosures’ have been amended to respond to recent questions arising in practice, and to include new requirements. The principal amendments are as follows, and the amendments do not have a significant impact on the financial statements.

-	clarify the date of recognition and derecognition of some financial assets and liabilities, with a new<br>exception for some financial liabilities settled through an electronic cash transfer system;
-	clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal<br>and interest (SPPI) criterion;
---	---
-	add new disclosures of impact on the entity and the extent to which the entity is exposed for each type of<br>financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and
---	---
-	update the disclosures for equity instruments designated at fair value through other comprehensive income<br>(FVOCI)
---	---
2)	Annual Improvements to K-IFRS
---	---

Annual Improvements to K-IFRS should be applied for annual periods beginning on or after January 1, 2026. The amendments do not have a significant impact on the financial statements.

-	K-IFRS 1101 ‘First-time Adoption of International FinancialReporting Standards’: Hedge accounting by a first-time adopter
-	K-IFRS 1107 ‘Financial Instruments: Disclosures’:<br>Gain or loss on derecognition, and implementation guidance
---	---
-	K-IFRS 1109 ‘Financial Instruments’: Derecognition<br>of lease liabilities and definition of transaction price
---	---
-	K-IFRS 1110 ‘Consolidated Financial Statements’:<br>Determination of a ‘de facto agent’
---	---
-	K-IFRS 1007 ‘Statement of Cash Flows’: Cost method<br>
---	---
3)	Amendments to K-IFRS 1109 ‘Financial Instruments’<br>and K-IFRS 1107 ‘Financial Instruments: Disclosures - Contracts Referencing Nature-dependent Electricity’
---	---

Contracts referencing nature-dependent electricity are defined contracts that expose an entity to variability in the underlying amount of electricity because the source of electricity generation depends on uncontrollable natural conditions (for example, the weather). The amendments clarify that ‘contracts to buy or sell such electricity’ are assessed for eligibility under the own-use exemption. In addition, the amendments modify hedge accounting requirements by allowing an entity to designate as the hedged item a variable nominal amount of forecast electricity transactions that reflect the nature-dependent variability of electricity and introduce additional disclosure requirements. The amendments do not have a significant impact on the financial statements.

(2)	The details of K-IFRSs that have been issued and published since<br>January 1, 2026 but have not yet reached the effective date are as follows:
1)	Enactment of K-IFRS No. 1118, Presentation and Disclosure in Financial Statements
---	---

K-IFRS No. 1118, ‘Presentation and Disclosure in Financial Statements,’ replaces K-IFRS No. 1001, ‘Presentation of Financial Statements’. The new standard introduces revised presentation requirements that are expected to enhance the comparability of financial performance among similar entities, particularly with respect to the definition of operating profit or loss.

If the Company prepares its financial statements in accordance with K-IFRS No. 1118, certain significant differences from the current financial statements are expected to arise. The key accounting policies that are expected to result in such differences are described below. These matters do not represent all differences that may arise in the future and are subject to change based on further analysis.

• 10 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

-	Changes in the Presentation of Statement of Profit or Loss

K-IFRS No. 1118 requires all income and expenses included in the statement of profit or loss to be classified into one of five categories: operating, investing, financing, income tax, and discontinued operations. Under this standard, all income and expenses that are not classified as investing, financing, income tax, or discontinued operations are classified as operating, and operating profit or loss is defined as a residual measure of profit or loss.

To classify income and expenses into categories, the Company is required to assess its main business activities. If the Company’s main business activities include investing in certain types of assets or providing financing to customers, income and expenses that would otherwise have been classified as investing or financing activities are classified as operating activities when such activities constitute the Company’s main business activities.

As a result, operating profit or loss under K-IFRS No. 1118 differs significantly from operating profit or loss under the current K-IFRS No. 1001, which is defined as operating revenue less operating expenses. K-IFRS No. 1118 requires operating profit or loss calculated in accordance with K-IFRS No. 1001 to be disclosed in the Notes, along with a reconciliation between operating profit or loss under K-IFRS No. 1118 and that under K-IFRS No. 1001.

In addition, K-IFRS No. 1118 requires the presentation in the statement of profit or loss of:

“Operating profit or loss,” comprising all income and expenses classified within the operating category;

“Profit or loss before financing and income tax,” comprising operating profit or loss and all income and expenses classified within the investing category; and

“Profit or loss for the period.”

However, when the Company’s main business activity is providing financing to customers, the presentation of “profit or loss before financing and income tax” may not be applicable, depending on the accounting policy elected.

-	Introduction of Disclosures of Management-Defined Performance Measures

K-IFRS No. 1118 introduces new disclosure requirements for management-defined performance measures. These measures are defined as subtotals of income and expenses that are not listed in paragraph 118 of K-IFRS No. 1118 and are not explicitly required to be presented or disclosed by IFRS Accounting Standards. Management-defined performance measures are used by entities in public communications separately from the financial statements to communicate management’s view of the entity’s financial performance to users of the financial statements.

When management-defined performance measures are presented, the entity is required to disclose the reasons for using such measures, the basis of their calculation, a reconciliation to the most directly comparable subtotal specified in K-IFRS No. 1118, and the income tax effects of each reconciling item.

-	Changes in the Classification of Cash Flows

As a result of the issuance of K-IFRS No. 1118, certain amendments have been made to K-IFRS No. 1007, Statement of Cash Flows. Under these amendments, the starting point for determining cash flows from operating activities using the indirect method has been changed from profit or loss for the period to operating profit or loss. In addition, the accounting policy option regarding the classification of interest and dividend-related cash flows has been eliminated.

• 11 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

K-IFRS No. 1118 is effective for annual reporting periods beginning on or after January 1, 2027, with early application permitted. In accordance with K-IFRS No. 1008, Accounting Policies, Changes in Accounting Estimates and Errors, the standard is required to be applied retrospectively. Accordingly, comparative information for the financial year ended December 31, 2026 will be restated in accordance with K-IFRS No. 1118. Amendments to K-IFRS No. 1007 and K-IFRS No. 1033 arising from the issuance of K-IFRS No. 1118, as well as the amended K-IFRSs No. 1008 and No. 1107, will be effective at the time K-IFRS No. 1118 is applied.

-	Assessment of Significant Impacts

K-IFRS No. 1118 has not been applied by the Company, as its mandatory effective date has not yet been reached. The Company will present its first interim financial statements in accordance with K-IFRS No. 1118 for the period ending March 31, 2027. Based on information available as of March 31, 2026, the Company is performing a preliminary assessment of the potential impact of the adoption of K-IFRS No. 1118.

(3)	Material accounting policies and method of computation used in the preparation of the condensed interim<br>financial statements are consistent with those of the annual financial statements for the year ended December 31, 2025, except for the one described below.
1)	Income tax expense
---	---

Income tax expense for the interim period is recognized based on the weighted average annual income tax rate expected for the expected gross annual profit. The estimated average annual tax rate is applied to the pre-tax income.

2)	Application of the revaluation model to land

The Company has changed its accounting policy for the subsequent measurement of land, which is classified as property, plant and equipment, from the historical cost model to the revaluation model, as management believes that the revaluation model provides more reliable and more relevant information regarding the fair value of land. Accordingly, the accounting policy has been changed effective from the current quarter.

In accordance with K-IFRS 1016 ‘Property, Plant and Equipment’, when an entity applies the revaluation model as an accounting policy for an asset for the first time, retrospective application is not required. Therefore, the Company has not restated the comparative financial statements for prior periods. As the Company does not hold any land as of the end of the current period, there is no impact arising from this change in accounting policy.

3.	MATERIAL ACCOUNTING ESTIMATES AND ASSUMPTIONS

The management shall make judgements, estimates and assumptions that affect the application of accounting policies and assets, liabilities, revenues and expenses in preparing condensed interim financial statements. Therefore, the actual results may differ from these estimates.

The important judgements by the management excluding the estimation methods used to determine corporate income tax expense and the application of revaluation model on accounting policies and the main sources of estimation uncertainty for preparing condensed interim financial statements are identical to ones used in the Company’s annual separate financial statements for the year ended December 31, 2025.

• 12 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

4.	RISK MANAGEMENT

The Company is exposed to various risks that may arise from its operating activities and credit risk, market risk and liquidity risk are the main types of risks. In order to manage such risks, the Risk Management Department analyzes, assesses, and establishes risk management standards, including policies, guidelines, management systems and decision-making to ensure sound management of the Company.

The Risk Management Committee, Chief Risk Officer (“CRO”) and the Risk Management Department are operated as risk management organizations. The board of directors operates the Risk Management Committee, composed of nonexecutive directors for professional risk management. The Risk Management Committee performs as the top decision-making body for risk management by establishing fundamental risk management policies that are consistent with the Company’s management strategy and by determining the Company’s acceptable level of risk.

CRO assists the Risk Management Committee and operates the Company Risk Management Council, which is composed of the risk management managers of the subsidiaries, to periodically check and improve the external environment and the Company’s risk burden. The Risk Management Department which is independently structured, controls the risk management matter of the Company and reports key risks and assists decision-making.

(1)	Credit risk

Credit risk represents the possibility of financial losses incurred due to the refusal of the transaction or when the counterparty fails to fulfill its contractual obligations. The goal of credit risk management is to maintain the Company’s credit risk exposure to a permissible degree and to optimize its rate of return considering such credit risk.

1)	Credit risk management

The Company measures expected loss on assets subject to credit risk management and uses it as a management indicator.

2)	Maximum exposure

The maximum exposure to credit risk is as follows (Unit: Korean Won in millions):

		March 31, 2026		December 31, 2025
Loans and other financial assets at amortized cost	Banks		678,642		649,783
	Corporates		188,747		57,359
	Total		867,389		707,142

• 13 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

a)	Credit risk exposure by geographical areas

The following tables analyze credit risk exposure by geographical areas (Unit: Korean Won in millions):

	March 31, 2026		December 31, 2025
	Korea		Korea
Loans and other financial assets at amortized cost		867,389		707,142
b)	Credit risk exposure by industries
---	---

The following tables analyze credit risk exposure by industries, which are finance and insurance, and others in accordance with the Korea Standard Industrial Classification Code as of March 31, 2026 and December 31, 2025 (Unit: Korean Won in millions):

	March 31, 2026
	Finance and<br>insurance		Others		Total
Loans and other financial assets at amortized cost		866,243		1,146		867,389
	December 31, 2025
---	---	---	---	---	---	---
	Finance and<br>insurance		Others		Total
Loans and other financial assets at amortized cost		706,348		794		707,142
3)	Credit risk exposure
---	---

The maximum exposure to credit risk by asset quality as of March 31, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):

	March 31, 2026
	Stage 1				Stage 2				Stage 3		Total		Loss<br>allowance			Total, net
Financial assets	Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited<br>credit rating<br>(*2)		Above<br>appropriate<br>credit<br>rating (*1)		Less than a<br>limited<br>credit rating<br>(*2)
Loans and other financial assets at amortized cost		868,044		—		—		—		—		868,044		(655	)		867,389
Banks		678,642		—		—		—		—		678,642		—			678,642
Corporates		189,402		—		—		—		—		189,402		(655	)		188,747
General business		189,402		—		—		—		—		189,402		(655	)		188,747
Total		868,044		—		—		—		—		868,044		(655	)		867,389

(*1) Credit grade of corporates are AAA ~ BBB.

(*2) Credit grade of corporates are BBB- ~ C.

	December 31, 2025
	Stage 1				Stage 2				Stage 3		Total		Loss<br>allowance		Total, net
Financial assets	Above<br>appropriate<br>credit rating<br>(*1)		Less than a<br>limited<br>credit rating<br>(*2)		Above<br>appropriate<br>credit<br>rating (*1)		Less than a<br>limited<br>credit rating<br>(*2)
Loans and other financial assets at amortized cost		707,142		—		—		—		—		707,142		—		707,142
Banks		649,783		—		—		—		—		649,783		—		649,783
Corporates		57,359		—		—		—		—		57,359		—		57,359
General business		57,359		—		—		—		—		57,359		—		57,359
Total		707,142		—		—		—		—		707,142		—		707,142

(*1) Credit grade of corporates are AAA ~ BBB.

(*2) Credit grade of corporates are BBB- ~ C.

• 14 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Market risk

Market risk is the possible risk of loss arising from trading position and non-trading position as a result of the volatility of market factors such as interest rates, stock prices and foreign exchange rates, and the Company’s main market risk is interest rate risk.

The Company estimates and manages risks related to changes in interest rate due to the difference in the maturities of interest-bearing assets and liabilities and discrepancies in the terms of interest rates.

(3)	Liquidity risk

Liquidity risk refers to the risk that the Company may encounter difficulties in meeting obligations from its financial liabilities.

1)	Liquidity risk management

Liquidity risk management is to prevent damages from potential liquidity shortages with effective risk management that could arise from mismatching the maturity of assets and liabilities or unexpected cash outflows. The financial liabilities in the statement of financial position that are relevant to liquidity risk are incorporated within the scope of risk management.

The Company manages liquidity risk through various cash flows analysis (i.e. based on remaining maturity and contract period, etc.).

2)	Maturity analysis of non-derivative financial liabilities<br>

Cash flows of principals and interests by remaining contractual maturities of non-derivative financial liabilities are as follows (Unit: Korean Won in millions):

	March 31, 2026
	Within 3<br>months		4 to 6<br>months		7 to 9<br>months		10 to 12<br>months		1 to 5<br>years		Over<br>5 years		Total
Debentures		178,457		326,023		274,245		261,636		1,752,989		60,379		2,853,729
Lease liabilities		812		801		798		145		242		—		2,798
Other financial liabilities(*)		605,583		52,747		6,626		—		13,663		—		678,619
Total		784,852		379,571		281,669		261,781		1,766,894		60,379		3,535,146

(*) It does not include lease liabilities.

	December 31, 2025
	Within 3<br>months		4 to 6<br>months		7 to 9<br>months		10 to 12<br>months		1 to 5<br>years		Over<br>5 years		Total
Debentures		98,273		177,479		324,852		273,257		1,883,466		60,703		2,818,030
Lease liabilities		810		793		786		788		338		—		3,515
Other financial liabilities(*)		21,255		52,318		1,760		268		16,722		—		92,323
Total		120,338		230,590		327,398		274,313		1,900,526		60,703		2,913,868
(*)	It does not include lease liabilities.
---	---
3)	Maturity analysis of derivative financial liabilities
---	---

There are no derivative financial liabilities measured at fair value through profit or loss as of March 31, 2026 and December 31, 2025.

• 15 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

5.	CASH AND CASH EQUIVALENTS

Details of cash and cash equivalents are as follows (Unit: Korean Won in millions):

	March 31, 2026		December 31, 2025
Demand deposits		576,933		24,321
Fixed deposits		909,000		465,000
Total		1,485,933		489,321
6.	FINANCIAL ASSETS AT FVTOCI
---	---
(1)	Details of financial assets at FVTOCI as of March 31, 2026 and December 31, 2025 are as follows<br>(Unit: Korean Won in millions):
---	---
	Issuer	March 31, 2026		December 31, 2025
---	---	---	---	---	---
Hybrid securities	Woori Card Co., Ltd.		353,405		359,023
	Woori Financial Capital Co., Ltd.		198,456		199,139
	Total		551,861		558,162
(2)	Details of equity securities designated as financial assets at FVTOCI as of March 31, 2026 and<br>December 31, 2025 are as follows (Unit: Korean Won in millions):
---	---
Purpose of acquisition	Issuer	March 31, 2026		December 31, 2025
---	---	---	---	---	---
Investment for political purpose	Woori Card Co., Ltd.		353,405		359,023
	Woori Financial Capital Co., Ltd.		198,456		199,139
	Total		551,861		558,162
7.	LOANS AND OTHER FINANCIAL ASSETS AT AMORTIZED COST
---	---
(1)	Details of loans and other financial assets at amortized cost as of March 31, 2026 and December 31,<br>2025 are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Due from banks		96,308		—
Other financial assets		771,081		707,142
Total		867,389		707,142
(2)	Details of due from banks are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026			December 31, 2025
---	---	---	---	---	---
Due from banks in local currency:
Due from depository banks		96,960			—
Loss allowance		(652	)		—
Total		96,308			—

• 16 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3)	Changes in the allowance for credit losses and gross carrying amount of due from banks are as follows (Unit:<br>Korean Won in millions):
1)	Allowance for credit losses
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		—			—		—		—
Provision of allowance for credit loss		(652	)		—		—		(652	)
Ending balance		(652	)		—		—		(652	)
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(56	)		—		—		(56	)
Provision of allowance for credit loss		(403	)		—		—		(403	)
Ending balance		(459	)		—		—		(459	)
2)	Gross carrying amount
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---
	Stage 1		Stage 2		Stage 3		Total
Beginning balance		—		—		—		—
Net increase (decrease)		96,960		—		—		96,960
Ending balance		96,960		—		—		96,960
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---
	Stage 1		Stage 2		Stage 3		Total
Beginning balance		100,000		—		—		100,000
Net increase (decrease)		409,327		—		—		409,327
Ending balance		509,327		—		—		509,327
(4)	Details of other financial assets are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026			December 31, 2025
---	---	---	---	---	---
Receivables		766,222			701,643
Accrued income		2,735			3,387
Lease deposits		2,127			2,112
Loss allowance		(3	)		—
Total		771,081			707,142
(5)	Changes in the allowances for credit losses and gross carrying amount of other financial assets are as follows<br>(Unit: Korean Won in millions):
---	---
1)	Allowance for credit losses
---	---
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		—			—		—		—
Provision of allowance for credit loss		(3	)		—		—		(3	)
Ending balance		(3	)		—		—		(3	)
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		—			—		—		—
Provision of allowance for credit loss		(1	)		—		—		(1	)
Ending balance		(1	)		—		—		(1	)

• 17 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

2)	Gross carrying amount
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---
	Stage 1		Stage 2		Stage 3		Total
Beginning balance		707,142		—		—		707,142
Net increase (decrease)		63,942		—		—		63,942
Ending balance		771,084		—		—		771,084
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---
	Stage 1		Stage 2		Stage 3		Total
Beginning balance		104,487		—		—		104,487
Net increase (decrease)		138,167		—		—		138,167
Ending balance		242,654		—		—		242,654
8.	FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
---	---
(1)	The fair value hierarchy
---	---

The fair value hierarchy is determined by the levels of judgment involved in estimating fair values of financial assets and liabilities. The specific financial instruments characteristics and market condition such as volume of transactions and transparency are reflected to the market observable inputs. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring the fair value of its financial assets and financial liabilities. Fair value is measured based on the perspective of a market participant. As such, even when market assumptions are not readily available, the Company’s own assumptions reflect those that market participants would use for measuring the assets or liabilities at the measurement date.

The fair value measurement is described in the one of the following three levels used to classify fair value measurements:

•	Level 1—fair value measurements are those derived from quoted prices (unadjusted) in active markets for<br>identical assets or liabilities. The types of financial assets or liabilities generally included in Level 1 are publicly traded equity securities, derivatives, and debt securities issued by governmental bodies.
•	Level 2— fair value measurements are those derived from inputs other than quoted prices included<br>within Level 1 that are observable for the asset or liability, either directly (i.e. prices) or indirectly (i.e. derived from prices). The types of financial assets or liabilities generally included in Level 2 are debt securities not<br>traded in active markets and derivatives traded in OTC but not required significant judgment.
---	---
•	Level 3— fair value measurements are those derived from valuation techniques that include inputs for<br>the assets or liabilities that are not based on observable market data (unobservable inputs). The types of financial assets or liabilities generally included in Level 3 are non-public securities and<br>derivatives and debt securities of which valuation techniques require significant judgments and subjectivity.
---	---

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to a fair value measurement in its entirety requires judgment and consideration of inherent factors of the asset or liability.

(2)	Fair value hierarchy of financial assets and liabilities measured at fair value are as follows (Unit: Korean<br>Won in millions):
	March 31, 2026
---	---	---	---	---	---	---	---	---
	Level 1		Level 2		Level 3		Total
Financial assets:
Financial assets at FVTOCI
Hybrid securities		—		—		551,861		551,861

• 18 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

	December 31, 2025
	Level 1		Level 2		Level 3		Total
Financial assets:
Financial assets at FVTOCI
Hybrid securities		—		—		558,162		558,162

Financial assets measured at FVTPL and financial assets measured at FVTOCI are recognized at fair value. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date.

Financial instruments are measured at fair value using a quoted market price in active markets. If there is no active market for a financial instrument, the Company determines the fair value using valuation methods. Valuation methods and input variables for each type of financial instruments are as follows:

	Valuation methods	Input variables
Hybrid securities	The fair value is measured using the Hull and White model and the Monte Carlo Simulations.	YTM Matrix, Additive spread by grade, Risk spread by entity, Effective Credit rating, Issuing information by item, Interest rate volatility estimate

Valuation methods of financial assets and liabilities measured at fair value and classified into Level 3 and significant but unobservable inputs are as follows:

	Fair value measurement<br>technique	Type	Significant<br>unobservable<br>inputs	Range	Impact of changes in<br>significant unobservable<br>inputs on fair value<br>measurement
Hybrid securities	Hull and White, Monte<br>Carlo Simulation	Hybrid<br>securities<br>related	Estimated<br>volatility of<br>interest rate,<br>Discount rate	Estimated volatility<br>of interest rate<br> 0.61%<br>Discount rate<br><br><br>3.32% ~ 7.10%	Variation of fair value increases<br>as estimated volatility of interest rate<br>increases.

The fair value of financial assets classified as level 3 uses external valuation figures.

(3)	Changes in financial assets and liabilities measured at fair value classified into Level 3 are as follows<br>(Unit: Korean Won in millions):
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Beginning<br>balance		Net<br>Income		Other<br>comprehensive<br>income(*)			Purchases/<br>Issuances		Disposals/<br>Settlements		Transfer to<br>or out of<br>Level 3		Ending<br>balance
Financial assets:
Financial assets at FVTOCI
Hybrid securities		558,162		—		(6,301	)		—		—		—		551,861
(*)	Among the amounts recognized in other comprehensive income, the loss related to assets and liabilities that are<br>still held as of March 31, 2026 amounts to 6,301 million Won.
---	---
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Beginning<br>balance		Net<br>Income		Other<br>comprehensive<br>income e(*)		Purchases/<br>Issuances		Disposals/<br>Settlements		Transfer to<br>or out of<br>Level 3		Ending<br>balance
Financial assets:
Financial assets at FVTOCI
Hybrid securities		553,518		—		3,650		—		—		—		557,168
(*)	Among the amounts recognized in other comprehensive income, the gain related to assets and liabilities that are<br>still held as of March 31, 2025 amounts to 3,650 million Won.
---	---

• 19 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4)	Sensitivity analysis results on reasonable fluctuation of the significant unobservable input variables for the<br>fair value of Level 3 financial instruments are as follows.

The sensitivity analysis on financial instruments shows how changes in unobservable inputs affect changes in fair value of the instruments through favorable and unfavorable changes. When the fair value of a financial instrument is affected by more than one unobservable assumption, the below table reflects the most favorable or the most unfavorable changes which resulted from varying the assumptions individually. The sensitivity analysis was performed for hybrid securities of which fair value changes are recognized as other comprehensive income among level 3 financial instruments.

The following table presents the sensitivity analysis to disclose the effect of reasonably possible volatility(Unit: Korean Won in millions):

	March 31, 2026
	Net income				Other comprehensive<br>income (loss)
	Favorable		Unfavorable		Favorable		Unfavorable
Financial assets:
Financial assets at FVTOCI
Hybrid securities (*)		—		—		12,025		(11,674	)
(*)	Fair value changes of hybrid securities are calculated by increasing or decreasing discount rate, which is the<br>major unobservable variable, by 1%, respectively.
---	---
	December 31, 2025
---	---	---	---	---	---	---	---	---	---
	Net income				Other comprehensive<br>income (loss)
	Favorable		Unfavorable		Favorable		Unfavorable
Financial assets:
Financial assets at FVTOCI
Hybrid securities (*)		—		—		13,482		(13,065	)
(*)	Fair value changes of hybrid securities are calculated by increasing or decreasing discount rate, which is the<br>major unobservable variable, by 1%, respectively.
---	---
(5)	Fair value and carrying amount of financial assets and liabilities that are recorded at amortized cost are as<br>follows, and fair value information for cash and cash equivalents is not included, as their carrying amounts represent a reasonable approximation of fair value (Unit: Korean Won in millions):
---	---
	March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
	Fair value								Carrying<br>amount
	Level 1		Level 2		Level 3		Total
Financial assets:
Loans and other financial assets at amortized cost (*1)		—		—		867,389		867,389		867,389
Financial liabilities:
Debentures		—		2,659,170		—		2,659,170		2,717,637
Other financial liabilities (*1)(*2)		—		—		678,620		678,620		678,620
(*1)	The carrying amount is disclosed at fair value considering the carrying amount as an approximation of fair<br>value.
---	---
(*2)	It does not include lease liabilities.
---	---
	December 31, 2025
---	---	---	---	---	---	---	---	---	---	---
	Fair value								Carrying<br>amount
	Level 1		Level 2		Level 3		Total
Financial assets:
Loans and other financial assets at amortized cost (*1)		—		—		707,142		707,142		707,142
Financial liabilities:
Debentures		—		2,636,297		—		2,636,297		2,667,525
Other financial liabilities (*1)(*2)		—		—		92,323		92,323		92,323
(*1)	The carrying amount is disclosed at fair value considering the carrying amount as an approximation of fair<br>value.
---	---
(*2)	It does not include lease liabilities.
---	---

• 20 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

The fair values of financial instruments are measured using quoted market price in active markets. In case there is no active market for financial instruments, the Company determines the fair value using valuation methods. For the disclosed items in which book value is considered to be the approximate value of fair value, valuation techniques and input variables are not disclosed. Valuation techniques and input variables for the fair value of financial liabilities that are recorded at amortized cost are as follows:

	Valuation methods	Input variables
Debentures	The fair value is measured by discounting the projected cash flows of debt products by applying the market discount rate that is reflecting credit rating of the Company.	Risk-free market rate, etc.
(6)	Financial instruments by category
---	---

Carrying amounts of financial assets and liabilities by each category are as follows (Unit: Korean Won in millions):

1)	Financial assets
	March 31, 2026
---	---	---	---	---	---	---	---	---
Financial assets	Financial assets at FVTPL		Financial assets at<br>FVTOCI		Financial<br>assets at<br>amortized cost		Total
Due from banks		—		—		96,308		96,308
Hybrid securities		—		551,861		—		551,861
Other financial assets		—		—		771,081		771,081
Total		—		551,861		867,389		1,419,250
	December 31, 2025
---	---	---	---	---	---	---	---	---
Financial assets	Financial assets at FVTPL		Financial assets at<br>FVTOCI		Financial<br>assets at<br>amortized cost		Total
Due from banks		—		—		—		—
Hybrid securities		—		558,162		—		558,162
Other financial assets		—		—		707,142		707,142
Total		—		558,162		707,142		1,265,304
2)	Financial liabilities
---	---
	March 31, 2026				December 31, 2025
---	---	---	---	---	---	---	---	---
Financial liabilities	Financial liabilities at<br>FVTPL		Financial<br>liabilities at<br>amortized cost		Financial liabilities at<br>FVTPL		Financial liabilities at<br>amortized cost
Debentures		—		2,717,637		—		2,667,525
Other financial liabilities (*)		—		678,620		—		92,323
Total		—		3,396,257		—		2,759,848
(*)	It does not include lease liabilities.
---	---

• 21 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

9.	INVESTMENTS IN SUBSIDIARIES
(1)	Details of Investments in subsidiaries are as follows (Unit: Korean Won in millions and number of shares):<br>
---	---
Subsidiaries (*1)	Location		Capital<br>stock		Main business
---	---	---	---	---	---
Woori Bank		Korea		3,581,400	Bank
Tongyang Life Insurance Co., Ltd.		Korea		806,800	Insurance
Woori Card Co., Ltd.		Korea		896,300	Finance
Woori Financial Capital Co., Ltd.		Korea		373,800	Finance
Woori Investment Securities Co., Ltd.		Korea		242,900	Investment Brokerage
ABL Life Insurance Co., Ltd.		Korea		15,500	Insurance
Woori Asset Trust Co., Ltd.		Korea		16,900	Real estate trust
Woori Savings Bank		Korea		187,400	Mutual saving bank
Woori Asset Management Corp		Korea		24,000	Finance
Woori Venture Partners Co., Ltd.		Korea		50,000	Other financial services
Woori Private Equity Asset Management Co., Ltd.		Korea		80,000	Finance
Woori F&I Co., Ltd.		Korea		31,500	Finance
Woori Credit Information Co., Ltd.		Korea		5,000	Credit information
Woori Fund Service Co., Ltd.		Korea		10,000	Financial support service<br>business
Woori FIS Co., Ltd.		Korea		24,500	System software<br> <br>development & maintenance
Woori Finance Research Institute Co., Ltd.		Korea		3,000	Other service business
	March 31, 2026						December 31, 2025
---	---	---	---	---	---	---	---	---	---	---	---	---
Subsidiaries (*1)	Number of<br>shares		Percentage of<br>ownership<br>(%) (*2)		Financial<br>statements date of<br>use		Number of<br>shares		Percentage of<br>ownership<br>(%) (*2)		Financial statements<br>date of use
Woori Bank		716,000,000		100.0		March 31, 2026		716,000,000		100.0		December 31, 2025
Tongyang Life Insurance Co., Ltd.		121,565,627		77.9		March 31, 2026		121,565,627		77.9		December 31, 2025
Woori Card Co., Ltd.		179,266,200		100.0		March 31, 2026		179,266,200		100.0		December 31, 2025
Woori Financial Capital Co., Ltd.		74,757,594		100.0		March 31, 2026		74,757,594		100.0		December 31, 2025
Woori Investment Securities Co., Ltd.		485,889,783		100.0		March 31, 2026		485,329,227		99.9		December 31, 2025
ABL Life Insurance Co., Ltd.		3,106,736		100.0		March 31, 2026		3,106,736		100.0		December 31, 2025
Woori Asset Trust Co., Ltd.		3,382,645		100.0		March 31, 2026		3,382,645		100.0		December 31, 2025
Woori Savings Bank		37,476,895		100.0		March 31, 2026		37,476,895		100.0		December 31, 2025
Woori Asset Management Corp		4,797,154		100.0		March 31, 2026		4,797,154		100.0		December 31, 2025
Woori Venture Partners Co., Ltd.		100,000,000		100.0		March 31, 2026		100,000,000		100.0		December 31, 2025
Woori Private Equity Asset Management Co., Ltd.		16,000,000		100.0		March 31, 2026		16,000,000		100.0		December 31, 2025
Woori F&I Co., Ltd.		6,298,895		100.0		March 31, 2026		6,298,895		100.0		December 31, 2025
Woori Credit Information Co., Ltd.		1,008,000		100.0		March 31, 2026		1,008,000		100.0		December 31, 2025
Woori Fund Service Co., Ltd.		2,000,000		100.0		March 31, 2026		2,000,000		100.0		December 31, 2025
Woori FIS Co., Ltd.		4,900,000		100.0		March 31, 2026		4,900,000		100.0		December 31, 2025
Woori Finance Research Institute Co., Ltd.		600,000		100.0		March 31, 2026		600,000		100.0		December 31, 2025
(*1)	Only subsidiaries invested directly by the Company are included.
---	---
(*2)	The percentage is based on the effective shareholding rate relative to the number of stocks outstanding.<br>
---	---

• 22 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Changes in the carrying value of investments in subsidiaries are as follows (Unit: Korean Won in millions):<br>
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---
	Beginning balance		Acquisition		Disposal		Ending balance
Woori Bank		18,921,151		—		—		18,921,151
Tongyang Life Insurance Co., Ltd.		1,283,935		—		—		1,283,935
Woori Card Co., Ltd.		1,118,367		—		—		1,118,367
Woori Financial Capital Co., Ltd.		1,003,206		—		—		1,003,206
Woori Investment Securities Co., Ltd. (*)		1,269,797		1,629		—		1,271,426
ABL Life Insurance Co., Ltd.		269,002		—		—		269,002
Woori Asset Trust Co., Ltd.		453,902		—		—		453,902
Woori Savings Bank		313,238		—		—		313,238
Woori Asset Management Corp		196,825		—		—		196,825
Woori Venture Partners Co., Ltd.		336,439		—		—		336,439
Woori Private Equity Asset Management Co., Ltd.		57,797		—		—		57,797
Woori F&I Co., Ltd.		320,000		—		—		320,000
Woori Credit Information Co., Ltd.		16,466		—		—		16,466
Woori Fund Service Co., Ltd.		13,939		—		—		13,939
Woori FIS Co., Ltd.		21,754		—		—		21,754
Woori Finance Research Institute Co., Ltd.		1,677		—		—		1,677
Total		25,597,495		1,629		—		25,599,124
	For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---
	Beginning balance		Acquisition		Disposal		Ending balance
Woori Bank		18,921,151		—		—		18,921,151
Woori Card Co., Ltd.		1,118,367		—		—		1,118,367
Woori Financial Capital Co., Ltd.		1,003,206		—		—		1,003,206
Woori Investment Securities Co., Ltd.		1,263,436		—		—		1,263,436
Woori Asset Trust Co., Ltd.		621,722		—		—		621,722
Woori Savings Bank		313,238		—		—		313,238
Woori F&I Co., Ltd.		320,000		—		—		320,000
Woori Asset Management Corp		196,825		—		—		196,825
Woori Venture Partners Co., Ltd.		336,439		—		—		336,439
Woori Private Equity Asset Management Co., Ltd.		57,797		—		—		57,797
Woori Credit Information Co., Ltd.		16,466		—		—		16,466
Woori Fund Service Co., Ltd.		13,939		—		—		13,939
Woori FIS Co., Ltd.		21,754		—		—		21,754
Woori Finance Research Institute Co., Ltd.		1,677		—		—		1,677
Total		24,206,017		—		—		24,206,017
(*)	During the current period, the Company acquired the residual interest (0.1%) of Woori Investment Securities<br>Co., Ltd., to make it a wholly owned subsidiary.
---	---
10.	OTHER ASSETS
---	---

Details of other assets are as follows (Unit: Korean Won in millions):

	March 31, 2026		December 31, 2025
Prepaid expenses		430		315
Total		430		315

• 23 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

11.	DEBENTURES

Details of debentures are as follows (Unit: Korean Won in millions):

	March 31, 2026					December 31, 2025
	Interest rate (%)		Amount			Interest rate (%)		Amount
Face value of bonds:
General bonds		2.19~4.25		1,770,000			2.19~4.25		1,720,000
Subordinated bonds		2.13~2.55		950,000			2.13~2.55		950,000
Sub-total				2,720,000					2,670,000
Deducted item:
Discounts on bonds				(2,363	)				(2,475	)
Total				2,717,637					2,667,525
12.	PROVISIONS
---	---
(1)	Details of provisions are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Asset retirement obligation		1,559		1,897
(2)	Changes in asset retirement obligation are as follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---	---
	2026			2025
Beginning balance		1,897			1,252
Amortization		11			13
Provision(Reversal) due to contract modification		(349	)		590
Ending balance		1,559			1,855
13.	NET DEFINED BENEFIT ASSET
---	---

The Company’s pension plan is based on the defined benefit retirement pension plan. Employees and directors with one or more years of service are entitled to receive a payment upon termination of their employment, based on their length of service and rate of salary at the time of termination. The assets of the plans are measured at their fair value at the end of reporting date. The plan liabilities are measured using the projected unit method, which takes into account of projected earnings’ increase, using actuarial assumptions that give the best estimate of the future cash flows that will arise under the plan liabilities.

The Company is exposed to various risks through defined benefit retirement pension plan, and the most significant risks are as follows:

Volatility of asset	The defined benefit obligation was estimated with a discount rate calculated based on the return on high quality corporate bond. A deficit may occur if the rate of return of plan assets falls short of the discount rate.
Decrease in profitability of high quality bonds	A decrease in profitability of high quality bonds will be offset by some increase in the value of debt securities that the employee benefit plan owns but will bring an increase in the defined benefit<br>obligation.

• 24 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

Risk of inflation	Defined benefit obligations are related to inflation rate; the higher the inflation rate is, the higher the level of liabilities. Therefore, deficit occurs in the system if an inflation rate increases.
(1)	Details of net defined benefit asset are as follows (Unit: Korean Won in millions):
---	---
	March 31, 2026			December 31, 2025
---	---	---	---	---	---	---
Present value of defined benefit obligation		(17,263	)		(16,255	)
Fair value of plan assets		17,703			18,363
Net defined benefit asset		440			2,108
(2)	The amount recognized in profit or loss and total comprehensive income related to the defined benefit plan for<br>the three-month periods ended March 31, 2026 and 2025 is as follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---	---	---
	2026			2025
Current service cost		1,994			2,042
Net interest income		(31	)		(20	)
Cost recognized in net income		1,963			2,022
Remeasurements (*)		757			1,304
Cost recognized in total comprehensive income		2,720			3,326
(*)	The amount is before income tax effect.
---	---
14.	OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES
---	---

Other financial liabilities and other liabilities are as follows (Unit: Korean Won in millions):

	March 31, 2026		December 31, 2025
Other financial liabilities:
Accounts payable		647,096		57,333
Accrued expenses		31,524		34,990
Lease liabilities		2,754		3,499
Sub-total		681,374		95,822
Other liabilities:
Other miscellaneous liabilities		3,563		5,967
Total		684,937		101,789
15.	EQUITY
---	---
(1)	Details of equity as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korean Won in<br>millions):
---	---
	March 31, 2026			December 31, 2025
---	---	---	---	---	---	---
Capital		3,802,676			3,802,676
Hybrid securities		3,710,228			3,710,228
Capital surplus		8,120,236			8,120,236
Other equity Treasury stock		(103,668	)		(628	)
Accumulated other comprehensive income		339			5,457
Other adjustments(*3)		—			(2,222	)
Sub-total		(103,329	)		2,607
Retained earnings (*1) (*2)		8,910,453			8,314,197
Total		24,440,264			23,949,944

• 25 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(*1)	The regulatory reserve for credit loss in retained earnings amounted to 3,525 million Won and<br>1,289 million Won as of March 31, 2026 and December 31, 2025 in accordance with the relevant regulation.
(*2)	The earned surplus reserve in retained earnings amounted to 667,700 million Won and 554,990 million<br>Won as of March 31, 2026 and December 31, 2025 in accordance with the Article 53 of the Financial Holding Company Act.
---	---
(*3)	Other adjustments represent the difference between the book value of hybrid securities and the redemption<br>amount.
---	---
(2)	The number of authorized shares and others of the Company are as follows:
---	---
	March 31, 2026		December 31, 2025
---	---	---	---	---
Shares of common stock authorized		4,000,000,000 Shares		4,000,000,000 Shares
Par value		5,000 Won		5,000 Won
Shares of common stock issued		734,076,320 Shares		734,076,320 Shares
Capital stock (*)		3,802,676 million Won		3,802,676 million Won
(*)	Due to retirement of earnings, total par value of the shares issued and<br>paid-in capital are different.
---	---
(3)	Hybrid securities
---	---

The bond-type hybrid securities classified as owner’s equity are as follows (Unit: Korean Won in millions):

	Issue date		Maturity		Interest rate (%)		March 31,<br>2026			December 31,<br>2025
Securities in local currency		2021-04-08		—		3.15		200,000			200,000
Securities in local currency		2021-10-14		—		3.60		200,000			200,000
Securities in local currency		2022-02-17		—		4.10		300,000			300,000
Securities in local currency		2022-07-28		—		4.99		300,000			300,000
Securities in local currency		2022-10-25		—		5.97		220,000			220,000
Securities in local currency		2023-02-10		—		4.65		300,000			300,000
Securities in local currency		2023-09-07		—		5.04		200,000			200,000
Securities in local currency		2024-02-07		—		4.49		400,000			400,000
Securities in local currency		2024-06-19		—		4.27		400,000			400,000
Securities in local currency		2024-10-10		—		4.00		400,000			400,000
Securities in local currency		2025-05-13		—		3.45		400,000			400,000
Securities in local currency		2025-10-22		—		3.34		400,000			400,000
Issuance cost								(9,772	)		(9,772	)
Total								3,710,228			3,710,228

The hybrid securities mentioned above do not have maturity date but are redeemable after 5 years from the date of issuance.

• 26 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(4)	Accumulated other comprehensive income

Changes in the accumulated other comprehensive income are as follows (Unit: Korean Won in millions):

	For the three-month period ended March 31, 2026
	Beginning<br>balance			Increase<br>(decrease)			Income tax<br>effect			Ending<br>balance
Net gain (loss) on valuation of financial assets at FVTOCI		5,918			(6,302	)		1,733			1,349
Remeasurements of defined benefit plan		(461	)		(757	)		208			(1,010	)
Total		5,457			(7,059	)		1,941			339
	For the three-month period ended March 31, 2025
	Beginning<br>balance			Increase<br>(decrease)			Income tax<br>effect			Ending<br>balance
Net gain (loss) on valuation of financial assets at FVTOCI		2,590			3,650			(964	)		5,276
Remeasurements of defined benefit plan		(695	)		(1,304	)		344			(1,655	)
Total		1,895			2,346			(620	)		3,621
(5)	Regulatory Reserve for Credit Loss
---	---

In accordance with Article 26 ~ 28 of the Financial Holding Company Supervision Regulations, the Company calculates and discloses the regulatory reserve for credit loss.

1)	Balance of the regulatory reserve for credit loss

Balance of the planned regulatory reserve for credit loss is as follows (Unit: Korean Won in millions):

	March 31, 2026		December 31, 2025
Beginning balance		3,525		1,289
Planned provision of regulatory reserve for credit loss		320		2,236
Ending balance		3,845		3,525
2)	Provision of regulatory reserve for credit loss, adjusted net income after the provision of regulatory reserve<br>and others
---	---

Planned reserves provided, adjusted net income after the planned reserves provided and adjusted EPS after the planned reserves provided are as follows (Unit: Korean Won in millions, except for EPS amount):

	For the three-month periods ended March 31
	2026			2025
Net income before regulatory reserve		1,194,943			1,396,065
Provision for regulatory reserve for credit loss		320			690
Adjusted net income after the provision of regulatory reserve		1,194,623			1,395,375
Dividends to hybrid securities		(39,034	)		(39,506	)
Adjusted net income after regulatory reserve and dividends to hybrid securities		1,155,589			1,355,869
Adjusted EPS after regulatory reserve and dividends to hybrid securities (Unit: Korean<br>Won)		1,576			1,827

• 27 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6)	Changes in treasury stocks are as follows (Unit: Korean Won in millions):
	For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---
	Beginning		Acquisition		Retirement		Ending
Number of shares		53,945		2,983,526		—		3,037,471
Book value		628		103,040		—		103,668
	For the three-month period ended March 31, 2025
	Beginning		Acquisition		Retirement		Ending
Number of shares		53,945		1,550,000		—		1,603,945
Book value		628		25,641		—		26,269
16.	DIVIDENDS
---	---

Dividends per share and the total dividends for the fiscal year ending December 31, 2025 were 760 Won and 557,431 million Won, respectively, approved at the regular general shareholders’ meeting held on March 23, 2026. The financial statements for the current period include these unpaid dividends, which were paid in April 2026.

17.	NET INTEREST INCOME
(1)	Details of interest income recognized are as follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Interest on due from banks		2,975		8,593
Other interest income		15		17
Total		2,990		8,610
(2)	Details of interest expense recognized are as follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Interest on debentures		18,849		16,777
Other interest expense		11		13
Interest on lease liabilities		21		23
Total		18,881		16,813
18.	NET FEES AND COMMISSIONS INCOME
---	---
(1)	Details of fees and commissions income recognized are as follows (Unit: Korean Won in millions):<br>
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Fees and commissions income		443		459
(2)	Details of fees and commissions expense incurred are as follows (Unit: Korean Won in millions):<br>
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Fees and commissions paid		3,944		2,262
Others		3,516		2,978
Total		7,460		5,240
19.	DIVIDEND INCOME
---	---
(1)	Details of dividend income recognized are as follows (Unit: Korean Won in millions):
---	---

• 28 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

	For the three-month periods ended March 31
	2026		2025
Dividend income recognized from investments in subsidiaries		1,236,907		1,422,898
Dividend income recognized from FVTOCI		6,466		6,327
Total		1,243,373		1,429,225
(2)	Details of dividend income recognized from financial assets at FVTOCI are as follows (Unit: Korean Won in<br>millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Dividend income recognized from assets held:
Hybrid securities		6,466		6,327
20.	PROVISION FOR IMPAIRMENT LOSSES DUE TO CREDIT LOSS
---	---

Details of impairment losses due to credit loss are as follows (Unit: Korean Won in millions):

	For the three-month periods ended March 31
	2026			2025
Provision for impairment loss due to credit loss on loan and other financial assets at amortized<br>cost		(655	)		(404	)
21.	GENERAL AND ADMINISTRATIVE EXPENSES
---	---
(1)	Details of general and administrative expenses recognized are as follows (Unit: Korean Won in millions):<br>
---	---
			For the three-month periods ended March 31
---	---	---	---	---	---	---
			2026		2025
Employee benefits	Short-term employee benefits	Salaries		10,107		8,248
		Employee fringe benefits		3,830		2,142
	Termination			1,963		2,022
	Share based payment			3,268		803
	Sub-total			19,168		13,215
Depreciation and amortization				1,087		1,465
Other general and administrative expenses	Rent			414		411
	Taxes and public dues			223		148
	Service charges			472		425
	Computer and IT related			1,489		1,801
	Telephone and communication			120		175
	Advertising			17		17
	Printing			11		18
	Traveling			265		78
	Supplies			29		28
	Insurance premium			64		51
	Reimbursement			184		236
	Vehicle maintenance			36		51
	Others			280		302
	Sub-total			3,604		3,741
	Total			23,859		18,421

• 29 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Share-based payment

Details of performance condition share-based payment granted to executives as of March 31, 2026 and December 31, 2025 are as follows:

1)	Performance condition share-based payment
Subject to		Shares granted for the year 2021
---	---	---
Type of payment		Cash-settled
Vesting period		January 1, 2021 ~ December 31, 2024
Date of payment		2025-01-01
Fair value (*1)		15,831 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.48%
Expected maturity date		0.00 years
Number of shares remaining	As of March 31, 2026	56,029 shares
	As of December 31, 2025	56,029 shares
Number of shares granted (*2)	As of March 31, 2026	56,029 shares
	As of December 31, 2025	56,029 shares
Subject to		Shares granted for the year 2022
Type of payment		Cash-settled
Vesting period		January 1, 2022 ~ December 31, 2025
Date of payment		2026-01-01
Fair value (*1)		27,713 Won
Valuation method		Black-Scholes Model
Expected dividend rate		7.30%
Expected maturity date		0.00 years
Number of shares remaining	As of March 31, 2026	67,126 shares
	As of December 31, 2025	223,176 shares
Number of shares granted (*2)	As of March 31, 2026	67,126 shares
	As of December 31, 2025	223,176 shares
Subject to		Shares granted for the year 2023
Type of payment		Cash-settled
Vesting period		January 1, 2023 ~ December 31, 2026
Date of payment		2027-01-01
Fair value (*1)		31,892 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		0.75 years
Number of shares remaining	As of March 31, 2026	160,929 shares
	As of December 31, 2025	160,929 shares
Number of shares granted (*2)	As of March 31, 2026	160,929 shares
	As of December 31, 2025	160,929 shares

• 30 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

Subject to		Shares granted for the year 2024
Type of payment		Cash-settled
Vesting period		January 1, 2024 ~ December 31, 2027
Date of payment		2028-01-01
Fair value (*1)		29,825 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		1.75 years
Number of shares remaining	As of March 31, 2026	194,569 shares
	As of December 31, 2025	194,569 shares
Number of shares granted (*2)	As of March 31, 2026	194,569 shares
	As of December 31, 2025	194,569 shares
Subject to		Shares granted for the year 2025
Type of payment		Cash-settled
Vesting period		January 1, 2025 ~ December 31, 2028
Date of payment		2029-01-01
Fair value (*1)		27,892 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		2.75 years
Number of shares remaining	As of March 31, 2026	173,273 shares
	As of December 31, 2025	173,273 shares
Number of shares granted (*2)	As of March 31, 2026	173,273 shares
	As of December 31, 2025	173,273 shares
Subject to		Shares granted for the year 2026
Type of payment		Cash-settled
Vesting period		January 1, 2026 ~ December 31, 2029
Date of payment		2030-01-01
Fair value (*1)		26,085 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		3.75 years
Number of shares remaining	As of March 31, 2026	24,171 shares
	As of December 31, 2025	—
Number of shares granted (*2)	As of March 31, 2026	24,171 shares
	As of December 31, 2025	—
(*1)	As the amount of payment varies according to the base price (the arithmetic average of the weighted average<br>stock price of transactions in the past one week, the past one month, and the past two months) at the date of payment, the fair value is calculated to measure the liability according to the Black Scholes model based on the base price at the time of<br>each settlement.
---	---
(*2)	The number of payable stocks is granted at the initial contract date. This is a system in which the number of<br>shares to be granted is determined based on the evaluation results of long-term performance indicators over a total of four years, including the current year, and the final cash compensation is made by reflecting the stock price at the time of<br>payment. Performance is evaluated as long-term performance indication including relative shareholder return, net income, common equity tier1(CET1) ratio, return on equity (ROE), C/I ratio, non-performing loan<br>ratio and job performance.
---	---
2)	The Company accounts for performance condition share-based payments according to the cash-settled method and<br>the fair value of the liabilities is reflected in the compensation costs by re-measuring every closing period. As of March 31, 2026 and December 31, 2025 the book value of the liabilities related to<br>the performance condition share-based payments recognized by the Company is 19,218 million Won and 19,807 million Won.
---	---

• 31 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

22.	NON-OPERATING INCOME (EXPENSES)
(1)	Details of non-operating income and expenses recognized are as follows<br>(Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---	---
	2026		2025
Other non-operating income		—		4
Other non-operating expense		—		(10	)
Total		—		(6	)
(2)	Details of other non-operating income recognized are as follows (Unit:<br>Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Lease change cancellation gain		—		3
Others		—		1
Total		—		4
(3)	Details of other non-operating expenses recognized are as follows<br>(Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Donations		—		10
Total		—		10
23.	INCOME TAX EXPENSE (INCOME)
---	---

Details of income tax expense(income) are as follows (Unit: Korean Won in millions):

	For the three-month periods ended March 31
	2026			2025
Current tax expense
Current tax expense with respect to the current period		—			—
Deferred tax expense (income)
Change in deferred tax assets (liabilities) due to temporary differences		(933	)		1,965
Tax expense (income) directly attributable to equity		1,941			(620	)
Sub-total		1,008			1,345
Income tax expense (income)		1,008			1,345
24.	EARNINGS PER SHARE (“EPS”)
---	---
(1)	Basic EPS is calculated by dividing net income attributable to common shareholders by weighted-average number<br>of common shares outstanding (Unit: Korean Won in millions, except for EPS and number of shares):
---	---
	For the three-month periods ended March 31
---	---	---	---	---	---	---
	2026			2025
Net income		1,194,943			1,396,065
Dividends to hybrid securities		(39,034	)		(39,506	)
Net income attributable to common shareholders		1,155,909			1,356,559
Weighted average number of common shares outstanding (Unit: million shares)		733			742
Basic EPS (Unit: Korean Won)		1,577			1,828

• 32 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	The weighted average number of common shares outstanding is as follows (Unit: number of shares) :<br>
	For the three-month period ended March 31,<br>2026
---	---	---	---	---	---	---
	Period	Number of<br>shares	Dates	Accumulated number<br>of shares outstanding<br>during period
Common shares issued at the beginning of the period	2026-01-01~2026-03-31	734,076,320	90		66,066,868,800
Treasury stock	2026-01-01~2026-03-31	(53,945)	90		(4,855,050	)
Acquisition of treasury stock	2026-01-01~2026-03-31	(2,983,526)			(76,074,046	)
	Sub-total (①)				65,985,939,704
Weighted average number of common shares outstanding (②=(①/90)					733,177,108
	For the three-month period ended March 31,<br>2025
---	---	---	---	---	---	---
	Period	Number of<br>shares	Dates	Accumulated number<br>of shares outstanding<br>during period
Common shares issued at the beginning of the period	2025-01-01~2025-03-31	742,591,501	90		66,833,235,090
Treasury stock	2025-01-01~2025-03-31	(53,945)	90		(4,855,050	)
Acquisition of treasury stock	2025-01-01~2025-03-31	(1,550,000)			(28,250,000	)
	Sub-total (①)				66,800,130,040
Weighted average number of common shares outstanding (②=(①/90)					742,223,667

Diluted EPS is equal to basic EPS because there is no dilution effect for the three-month periods ended March 31, 2026 and 2025.

25.	CONTINGENT LIABILITIES AND COMMITMENTS
(1)	Litigation case
---	---

As of March 31, 2026, the Company currently has one lawsuit as a defendant related to Woori Asset Trust Co., Ltd. stock trading payments. The lawsuit is in the second trial stage after winning the first trial, with a claim amount of 13,305 million Won. It is not possible to reasonably estimate the potential impact on the Company’s financial statements as of March 31, 2026.

(2)	Details of loan commitments with financial institutions are as follows (Unit: Korean Won in millions):<br>
		March 31, 2026				December 31, 2025
---	---	---	---	---	---	---	---	---	---
	Financial institutions	Line of credit		Loan balance		Line of credit		Loan balance
Loans	Standard Chartered Bank Korea Ltd.		100,000		—		100,000		—

• 33 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

26.	RELATED PARTY TRANSACTIONS

Related parties of the Company as of March 31, 2026 and December 31, 2025, and assets and liabilities recognized, guarantees and commitments, major transactions with related parties and compensation to key management for the three-month periods ended March 31, 2026 and 2025 are as follows:

(1)	Assets and liabilities from transactions with related parties are as follows (Unit: Korean Won in millions):<br>
Related parties	Title of account	March 31, 2026		December 31, 2025
---	---	---	---	---	---
Subsidiaries
Woori Bank	Cash and cash equivalents		1,485,933		489,321
	Other financial assets		678,642		649,783
	Allowance for credit losses		—		—
	Other financial liabilities		35,585		30,271
Woori Card Co., Ltd.	Other financial assets		33,910		17,367
	Other financial liabilities		466		292
Woori Financial Capital Co., Ltd.	Other financial assets		45,060		31,633
	Other financial liabilities		588		435
Woori Investment Securities Co., Ltd.	Other financial liabilities		32,356		23,285
Woori Asset Trust Co., Ltd.	Other financial assets		1,077		—
Woori Savings Bank	Other financial assets		3,671		2,702
	Other financial liabilities		8		—
Woori Asset Management Corp	Other financial assets		5,306		4,156
Woori Venture Partners Co., Ltd.	Other financial assets		1,016		707
	Other financial liabilities		8		—
Woori Private Equity Asset Management Co. Ltd.	Other financial assets		743		1
	Other financial liabilities		100		59
Woori F&I Co., Ltd.	Other financial liabilities		3,880		2,410
Woori Credit Information Co., Ltd.	Other financial assets		14		5
	Other financial liabilities		37		—
Woori Fund Service Co., Ltd.	Other financial assets		968		638
	Other financial liabilities		2		—
Woori FIS Co., Ltd.	Other financial assets		54		50
	Other financial liabilities		665		448
Woori Finance Research Institute Co., Ltd.	Other financial assets		111		100
	Other financial liabilities		1		3,395
ABL Life Insurance Co., Ltd.	Other financial liabilities		20,256		—

• 34 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(2)	Major gain or loss from transactions with related parties are as follows (Unit: Korean Won in millions):<br>
		For the three-month periods ended March 31
---	---	---	---	---	---
Related party	Title of account	2026		2025
Subsidiaries
Woori Bank	Interest income		2,476		8,068
	Fees and commissions income		443		459
	Dividend income		1,164,932		1,352,524
	Interest expenses (*)		17		17
	Fees and commissions expense		3		2
	Provision of impairment loss due to credit loss		—		157
	General and administrative expenses (*)		1,039		1,248
Woori Card Co., Ltd.	Dividend income		34,222		33,544
Woori Financial Capital Co., Ltd.	Dividend income		31,861		30,441
	Interest expenses (*)		3		4
	General and administrative expenses (*)		67		57
Woori Asset Management Corp	Dividend income		5,622		3,540
Woori Venture Partners Co., Ltd.	Dividend income		5,200		7,300
Woori Credit Information Co., Ltd.	Dividend income		260		484
Woori Fund Service Co., Ltd.	Dividend income		1,276		1,392
Woori FIS Co., Ltd.	General and administrative expenses		1,354		1,637
Woori Finance Research Institute Co., Ltd.	Fees and commissions expenses		2,270		2,165
Associates of subsidiaries
W Service Networks Co., Ltd.	General and administrative expenses		33		57
(*)	The depreciation of<br>right-of-use assets and interest expense of lease liabilities arising from lease transactions during the current term and prior term are included.
---	---

• 35 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(3)	The details of the right-of-use<br>assets and lease liabilities due to lease transactions with related parties as of March 31, 2026 and December 31, 2025 are as follows (Unit: Korea Won in millions):
Related parties		Title of account	March 31, 2026		December 31, 2025
---	---	---	---	---	---	---
Subsidiary	Woori Bank	Right-of-use assets		1,910		2,895
		Lease liabilities (*)		2,207		2,906
	Woori Financial<br>Capital Co., Ltd.	Right-of-use assets		384		405
		Lease liabilities (*)		414		435
(*)	Cash outflows of lease liabilities redemption for the years ended March 31, 2026 and 2025 are<br>785 million Won and 731 million Won, respectively.
---	---
(4)	The details of loan and borrowing transactions with related parties for the three-month periods ended<br>March 31, 2026 and 2025 are as follows (Unit: Korea Won in millions):
---	---
			For the three-month period ended March 31, 2026
---	---	---	---	---	---	---	---	---	---	---
Related parties		Title of account	Beginning<br>balance		Increase		Decrease		Ending<br>balance
Subsidiary	Woori Bank	Deposit (*)		465,000		934,000		490,000		909,000
(*)	Excludes due from banks without withdrawal limitations.
---	---
			For the three-month period ended March 31, 2025
---	---	---	---	---	---	---	---	---	---	---
Related parties		Title of account	Beginning<br>balance		Increase		Decrease		Ending<br>balance
Subsidiary	Woori Bank	Deposit (*)		1,274,000		2,401,000		1,680,000		1,995,000
(*)	Excludes due from banks without withdrawal limitations.
---	---
(5)	The details of equity-related transactions with related parties are as follows (Unit: Korean Won in million) :<br>
---	---
		For the three-month period ended<br>March 31, 2026
---	---	---	---
Related parties		Acquisition of interests and<br>contribution(*2)
Subsidiary	Woori Investment Securities Co., Ltd.(*1)		1,629
(*1)	During the current period, the Company acquired the interest (0.1%) of Woori Investment Securities Co., Ltd.,<br>to make it a wholly owned subsidiary.
---	---
(*2)	The book value related to equity can be referred to in Note 6 and Note 9.
---	---
		For the three-month period ended<br>March 31, 2025
---	---	---	---
Related parties		Acquisition of contribution (*)
Subsidiary	—		—
(*)	The book value related to equity can be referred to in Note 6 and Note 9.
---	---

• 36 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

ASOF MARCH 31, 2026 AND 2025 (UNAUDITED)

(6)	There are no guarantees provided to the related parties. The unused commitments and payment guarantees provided<br>from the related parties are as follows (Unit: Korean Won in millions):
Related parties		March 31, 2026		December 31, 2025		Warranty
---	---	---	---	---	---	---
Subsidiary	Woori Card Co., Ltd.		739		647	Unused loan commitment
(7)	Compensation for key management is as follows (Unit: Korean Won in millions):
---	---
	For the three-month periods ended March 31
---	---	---	---	---
	2026		2025
Short-term employee salaries		1,533		1,139
Retirement benefit service costs		43		19
Share-based compensation		2,648		654
Total		4,224		1,812

Key management includes registered executives and non-registered executives. The Company has not recognized any outstanding assets, allowance and related impairment loss due to credit losses from transaction with key management as of March 31, 2026 and December 31, 2025. Liabilities related to key management compensation are 18,337 million Won and 20,063 million Won as of March 31, 2026 and December 31, 2025, respectively.

27.	EVENTS AFTER THE REPORTING PERIOD
(1)	On April 24, 2026, the Board of Directors has declared to pay a quarterly dividend of 220 Won per share<br>(total dividend of 160,541 million Won), with the record date set as of May 11, 2026, and the dividends will be paid on May 29, 2026.
---	---
(2)	Woori Investment Securities Co., Ltd., a subsidiary of the Company, resolved at its Board of Directors’<br>meeting held on April 24, 2026 to conduct a 1,000,000 million Won rights offering, with all newly issued shares allocated to the Company. The Company completed the payment of the subscription proceeds on May 4, 2026.<br>
---	---
(3)	On April 29, 2026, the Company entered into a share exchange agreement with its subsidiary, Tongyang Life<br>Insurance Co., Ltd. Pursuant to the agreement, as of the share exchange date (scheduled for August 11, 2026), the Company will deliver 0.2521056 shares of its common stock for each common share of Tongyang Life Insurance Co., Ltd. to the<br>shareholders of Tongyang Life Insurance Co., Ltd., other than the Company.
---	---

• 37 -