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

 

 

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 July 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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Woori Financial Group’s Preliminary Financial Performance Figures

for the First Half of 2024

The preliminary financial performance figures for Woori Financial Group for the six-month period ended June 30, 2024, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item				1H 2024				2H 2023				% Change Increase				1H 2023				% Change Increase
Revenue*		Specified Half			23,737,884				18,636,676				27.37				23,396,811				1.46
		Cumulative Basis			23,737,884				42,033,487				—				23,396,811				1.46
Operating Income		Specified Half			2,403,879				1,351,591				77.86				2,147,438				11.94
		Cumulative Basis			2,403,879				3,499,029				—				2,147,438				11.94
Income before		Specified Half			2,390,748				1,368,920				74.64				2,148,533				11.27
Income Tax Expense		Cumulative Basis			2,390,748				3,517,453				—				2,148,533				11.27
Net Income		Specified Half			1,800,320				1,013,082				77.71				1,613,812				11.56
		Cumulative Basis			1,800,320				2,626,894				—				1,613,812				11.56
Profit to the Equity Holders of the Parent Entity		Specified Half			1,755,396				967,420				81.45				1,538,876				14.07
		Cumulative Basis			1,755,396				2,506,296				—				1,538,876				14.07

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

 

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

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Woori Bank’s Preliminary Financial Performance Figures

for the First Half of 2024

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the six-month period ended June 30, 2024, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item				1H 2024				2H 2023				% Change Increase				1H 2023				% Change Increase
Revenue*		Specified Half			21,367,085				16,468,435				29.75				21,251,376				0.54
		Cumulative Basis			21,367,085				37,719,811				—				21,251,376				0.54
Operating Income		Specified Half			2,234,570				1,360,213				64.28				1,956,745				14.20
		Cumulative Basis			2,234,570				3,316,958				—				1,956,745				14.20
Income before		Specified Half			2,210,739				1,378,285				60.40				1,951,149				13.30
Income Tax Expense		Cumulative Basis			2,210,739				3,329,434				—				1,951,149				13.30
Net Income		Specified Half			1,678,817				1,037,179				61.86				1,477,901				13.59
		Cumulative Basis			1,678,817				2,515,080				—				1,477,901				13.59
Profit to the Equity Holders of the Parent Entity		Specified Half			1,673,512				1,033,614				61.91				1,471,973				13.69
		Cumulative Basis			1,673,512				2,505,587				—				1,471,973				13.69

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

 

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

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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: July 25, 2024				By:		/s/ Sung-Wook Lee
						(Signature)
				Name: Sung-Wook Lee
				Title:  Deputy President

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