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6-K

Woori Financial Group Inc. (WF)

6-K 2020-07-27 For: 2020-07-27
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Added on April 10, 2026

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 July 2020

Commission File Number: 001-31811

WooriFinancial Group Inc.

(Translation of registrant’s name into English)

51, Sogong-ro, Jung-gu, Seoul, 04632, Korea

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Woori Financial Group’s Preliminary Financial Performance Figures

for the First Half of 2020

The preliminary financial performance figures for Woori Financial Group for the six-month period ended on June 30, 2020, on a consolidated basis, are as follows.

(Units: millions of KRW,     %)

Item 1H 2020 2H 2019 % Change<br>Increase<br>(Decrease) 1H 2019 % Change<br>Increase<br>(Decrease)
Revenue* Specified Half 14,686,043 10,622,480 38.25 12,111,783 21.25
Cumulative Basis 14,686,043 22,734,263 12,111,783 21.25
Operating Income Specified Half 1,172,418 1,089,564 7.60 1,710,412 -31.45
Cumulative Basis 1,172,418 2,799,976 1,710,412 -31.45
Income before Specified Half 1,033,841 994,967 3.91 1,728,082 -40.17
Income Tax Expense Cumulative Basis 1,033,841 2,723,049 1,728,082 -40.17
Net Income Specified Half 773,983 765,633 1.09 1,271,963 -39.15
Cumulative Basis 773,983 2,037,596 1,271,963 -39.15
Profit to the Equity Holders of the Parent Entity Specified Half 660,514 692,519 -4.62 1,179,688 -44.01
Cumulative Basis 660,514 1,872,207 1,179,688 -44.01

The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures aboveare subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

* Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and<br>other operating income (excluding non-operating income).

Woori Bank’s Preliminary Financial Performance Figures

for the First Half of 2020

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the six-month period ended on June 30, 2020, on a consolidated basis, are as follows. (Units: millions of KRW, %)

Item 1H 2020 2H 2019 % Change<br>Increase<br>(Decrease) 1H 2019 % Change<br>Increase<br>(Decrease)
Revenue* Specified Half 13,836,037 9,887,430 39.94 11,402,588 21.34
Cumulative Basis 13,836,037 21,290,018 11,402,588 21.34
Operating Income Specified Half 1,037,630 994,317 4.36 1,597,300 -35.04
Cumulative Basis 1,037,630 2,591,617 1,597,300 -35.04
Income before Specified Half 903,916 1,095,953 -17.52 1,547,807 -41.60
Income Tax Expense Cumulative Basis 903,916 2,643,760 1,547,807 -41.60
Net Income Specified Half 682,077 280,678 143.01 1,246,387 -45.28
Cumulative Basis 682,077 1,527,065 1,246,387 -45.28
Profit to the Equity Holders of the Parent Entity Specified Half 677,941 273,144 148.20 1,232,403 -44.99
Cumulative Basis 677,941 1,505,547 1,232,403 -44.99

The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures aboveare subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

* Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and<br>other operating income (excluding non-operating income).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Woori Financial Group Inc.
(Registrant)
Date: July 27, 2020 By: /s/ Kyong-Hoon Park
(Signature)
Name: Kyong-Hoon Park
Title: Deputy President