Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

 

 

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 February 2024

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 ☐

 

 

 

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Announcement of the Annual General Meeting of Shareholders for Fiscal Year 2023

On February 29, 2024, the Board of Directors of Woori Financial Group Inc. (“Woori Financial Group”) passed the following resolution to hold the annual general meeting of shareholders (the “AGM”) on March 22, 2024.

Key Details Relating to the Annual General Meeting of Shareholders

 

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Meeting Date and Time: March 22, 2024; 10:00 A.M. (Korea Standard Time)

 

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Venue: Woori Bank Head Office Building, Synergy Hall, 5th floor, 51, Sogong-ro, Jung-gu, Seoul, Korea (subject to change in the case of extraordinary circumstances)

 

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Agenda:

1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for the fiscal year 2023 (Jan. 1, 2023 – Dec. 31, 2023)

2. Election of directors (5 Independent directors)

 

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2-1 Candidate for Independent director : Chan-Hyoung Chung

 

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2-2 Candidate for Independent director : In-Sub Yoon

 

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2-3 Candidate for Independent director : Yo-Hwan Shin

 

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2-4 Candidate for Independent director : Eun-Ju Lee

 

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2-5 Candidate for Independent director : Sunyoung Park

3. Election of Audit Committee Members who are Independent directors (2 directors)

 

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3-1 Candidate for Audit Committee Member who is an Independent director : Chan-Hyoung Chung

 

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3-2 Candidate for Audit Committee Member who is an Independent director : Yo-Hwan Shin

4. Approval of the Maximum Limit on Directors’ Compensation

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Agenda details

 

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Appointment of Independent directors

 

Name

Date of Birth

Term of Office

Appointment

Career Background (including current position)

Other Positions Held (Institution Name and Title) (Note1)

Chan-Hyoung Chung

February 1956

From the end of the AGM for FY2023 to the end of the AGM for FY2024

Re Appointment

2019-Current   2018-Current   2015-2018   2015-2015   2007-2014

-  Independent Director, Woori Financial Group   -  Independent Director, Woori Bank   -  CEO, POSCO Capital   -  Vice Chairman, Korea Investment Management   -  CEO and President, Korea Investment Management

- Independent Director, Woori Bank

In-Sub Yoon

January 1956

From the end of the AGM for FY2023 to the end of the AGM for FY2024

Re Appointment

2022-Current   2018-2021   2010-2017   2008-2010   2007-2008

-  Independent Director, Woori Financial Group   -  Chairman of the Board of Directors and Chairman, Fubon Hyundai Life Insurance   -  CEO, Korea Ratings   -  CEO, Hana HSBC Life Insurance   -  CEO, Hana Life

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Yo-Hwan Shin

December 1962

From the end of the AGM for FY2023 to the end of the AGM for FY2024

Re Appointment

2022-Current   2017-2020   2015-2017   2011-2015

-  Independent Director, Woori Financial Group   -  CEO, Shinyoung Securities Co., Ltd.   -  General Executive Director, Shinyoung Securities Co., Ltd.   -  Executive Director, Retail Business Headquarter, Shinyoung Securities Co., Ltd.

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Eun-Ju Lee

February   1972

Please refer to Note 2

New Appointment

2023-Current   2023-Current   2021-Current   2008-Current   2001-2007

-  President, International Communication Association   -  Board Member, Center for Social Value Enhancement Studies   -  Head, Social Science Research Division on Digital Communications and Mental Health   -  Professor, Dept. of Communication, Seoul National Univ.   -  Professor, University of California, Davis

- Independent Director,   SoCar Inc.(Resignation expected to be effective on Mar. 28, 2024)

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Sunyoung Park

March 1982

Please refer to Note 3

New Appointment

2021-Current     2023-Current   2020-2022   2018-2020   2011-2018

-  Member, Financial Development Review Committee, Financial Services Commission   -  Associate Professor, Economics Department and Dean of Office of International Affairs, Dongguk University   -  Assistant Professor, Economics Department, Dongguk University   -  Research Fellow, Korea Capital Market Institute   -  Assistant Professor, Dept. of Industrial and Systems Engineering, KAIST

- Independent Director, HL Mando Corp. (Resignation expected to be effective on Mar. 26, 2024)

Note 1) Only includes positions held as a director, executive officer, or auditor

Note 2) The term of office of the independent director candidate Eun-Ju Lee will be from the effective date of her resignation as an independent director from SoCar Inc., where she currently serves, to the end of the AGM of Woori Financial Group for FY2025. Independent director candidate Eun-Ju Lee plans to resign from her position as an independent director of SoCar Inc., where she currently serves, before the AGM of Woori Financial Group her appointment as an independent director of Woori Financial Group will be contingent upon the appointment of a new independent director to succeed her at the shareholders’ meeting of SoCar Inc. in 2024. Her term of office as an independent director of Woori Financial Group will commence upon the appointment of such new independent director of SoCar Inc., which shall mark the effectiveness of the resignation of Eun-Ju Lee, the independent director candidate, from the position of an independent director of SoCar Inc. and will terminate after the AGM of Woori Financial Group for FY2025.

Note 3) The term of office of the independent director candidate Sunyoung Park will be from the date of her resignation as an independent director from HL Mando Corp., where she currently serves, to the end of the AGM of Woori Financial Group for FY2025. Independent director candidate Sunyoung Park plans to resign from her position as an independent director of HL Mando Corp., where she currently serves, before the AGM of Woori Financial Group, and her appointment as an independent director of Woori Financial Group will be contingent upon the appointment of a new independent director to succeed her at the shareholders’ meeting of HL Mando Corp. in 2024. Her term of office as an independent director of Woori Financial Group will commence upon the appointment of such new independent director of HL Mando Corp., which shall mark the effectiveness of the resignation of Sunyoung Park, the independent director candidate, from the position of an independent director of HL Mando Corp. and will terminate after the AGM of Woori Financial Group for FY2025.

 

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Appointment of Audit Committee Members who are Independent directors

 

Name

Date of Birth

Term of Office

Appointment

Career Background (including current position)

Other Positions Held (Institution Name and  Title) (Note1)

Chan-Hyoung  Chung

February  1956

From the end of the AGM for FY2023 to the end of the AGM for FY2024

Re Appointment

2019-Current   2018-Current   2015-2018   2015-2015   2007-2014

-  Independent Director, Woori Financial Group   -  Independent Director, Woori Bank   -  CEO, POSCO Capital   -  Vice Chairman, Korea Investment Management   -  CEO and President, Korea Investment Management

- Independent Director, Woori Bank

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Yo-Hwan Shin

December 1962

From the end of the AGM for 2023 to the end of the AGM for FY2024

Re Appointment

2022-Current   2017-2020   2015-2017   2011-2015

-  Independent Director, Woori Financial Group   -  CEO, Shinyoung Securities Co., Ltd.   -  General Executive Director, Shinyoung Securities Co., Ltd.   -  Executive Director, Retail Business Headquarter, Shinyoung Securities Co., Ltd.

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Note 1) Only includes positions held as a director, executive officer, or auditor

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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: February 29, 2024								By: /s/ Sung-Wook Lee
								(Signature)
								Name: Sung-Wook Lee
								Title:  Deputy President

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