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 March 2025

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 ☐

51, Sogong-ro,

Jung-gu, Seoul, 04632 Korea

March 5, 2025

Dear Valued Shareholders,

I would like to express my sincere gratitude to you, our shareholders, for your continued interest and unwavering support for Woori Financial Group (“WFG” or the “Group”).

Despite heightened uncertainties and increased financial market volatility in 2024, WFG achieved a net income of KRW 3.086 trillion (attributable to controlling interest), reflecting a 23.1% increase from the previous year. This strong performance was driven by strong profit-generating capabilities and stable cost management. Even amid sharp increases in exchange rates, all subsidiaries strengthened risk-weighted asset management and adopted a prudent asset rebalancing strategy, prioritizing high-quality assets. As a result, the Group effectively managed its Common Equity Tier 1 (CET1) ratio, enhancing its loss-absorption capacity and maintaining a stable financial position that exceeded market expectations.

In July 2024, WFG became the first bank holding company in Korea to announce a Corporate Value Enhancement (“Value-Up”) Plan, actively participating in the government’s Value-Up Program aimed at advancing the capital market. The Group communicated with the market by setting sustainable ROE and capital ratio targets while implementing a strengthened shareholder return policy based on the CET1 ratio.

In recognition of these financial achievements and shareholder return policies, our Board of Directors approved an annual dividend of KRW 1,200 per share for 2024, which includes quarterly dividends of KRW 180 per share—marking a 20% increase from the previous year. Furthermore, as part of the Group’s long-standing goal of full privatization, we repurchased and canceled the remaining 1.24% stake held by the Korea Deposit Insurance Corporation (KDIC) for KRW 136.7 billion. This led to a 37% increase in share buybacks and cancellations compared to KRW 100 billion in the previous year.

At the upcoming Annual General Meeting (“AGM”), the Board plans to propose a resolution for reducing capital surplus to become the first bank holding company in Korea to distribute non-taxable dividends. In addition, the Board is seeking to amend the Articles of Incorporation of WFG to modernize the quarterly dividend framework, ensuring that the quarterly dividend amounts are determined before the record dates are set, in alignment with international best practices. These initiatives reflect the Group’s commitment to enhancing our shareholder return policies and transparency.

WFG is also actively implementing initiatives across the environmental, social, and governance (“ESG”) domains under our ESG vision, “Creating a Better World Through Finance.” The Group is making significant strides as a global leader in biodiversity and circular economy initiatives, while also fulfilling its corporate social responsibilities through financial support for marginalized groups, fostering future generations, and promoting multicultural inclusion.

As a result of these efforts, the Group was awarded an MSCI AAA rating for the second consecutive year in 2024, included in the DJSI World Index for the first time, and recognized as part of Bloomberg’s Leading Group. These achievements reaffirm WFG’s position as a top-tier institution in terms of ESG excellence.

However, despite these accomplishments, certain events have raised concerns among shareholders and customers. In response, WFG swiftly implemented a series of measures to strengthen governance and internal controls. These initiatives include enhancing Board reporting standards for financial incidents, establishing a Group Ethics Management Office, introducing a personal credit information registration system for all executives and their close relatives, implementing a new lending information input process to prevent third-party influence, solicitation, or undue credit approvals at the business unit level, and deploying an advanced fraudulent transaction detection system to mitigate risks more effectively.

At this AGM, we are proposing the establishment of an Ethics and Internal Control Committee under the Board of Directors. This initiative will strengthen the internal control functions currently managed by the Audit Committee, while also refreshing its composition to further enhance its effectiveness. The proposed Ethics and Internal Control Committee, to be composed entirely of independent directors, will play a critical role in curbing managerial misconduct, particularly at the executive level, and strengthening the independence of the whistleblower system. Through this Board-led, ethics-driven governance framework, WFG will continue to build a corporate culture of accountability, integrity, and strong corporate governance.

Moving forward, WFG will rigorously implement the internal control enhancement measures that have been developed, ensuring the successful adoption of the responsibilities map across the Group. Beyond structural improvements, we are committed to fundamentally improving our corporate culture, including through the elevation of individual ethical awareness, to ensure that all business operations adhere to the highest standards of governance, ethics, and internal controls.

At this AGM, we will propose the appointment of four new independent directors—Choon Soo KIM, Young Hoon KIM, Kang Haeng LEE, and Yeongseop RHEE—as well as the reappointment of independent director In Sub YOON. In recent years, public interest in the role of corporate boards in listed companies has grown significantly, with an increasing focus on ensuring the true independence of independent directors. We are confident that these five candidates not only exhibit strong independence but also bring exceptional expertise across diverse fields. Their contributions will be instrumental in enhancing Woori Financial Group’s corporate value and reinforcing its governance framework.

Looking ahead, WFG remains committed to making trust its top priority this year. The Group will focus on strengthening its core capabilities, delivering strong results, and elevating itself to the next level. Additionally, we will actively support small businesses and financially vulnerable groups, fostering inclusivity and shared growth. Through these initiatives, we are committed to becoming a trusted financial institution for our customers, the market, and society as a whole.

The AGM will be held on Wednesday, March 26, 2025. Detailed explanations of the agenda items are provided in the AGM Convocation Notice and the accompanying supplementary materials. On behalf of WFG and the Board, we kindly request your support FOR all resolutions presented at the meeting.

Thank you for your continued trust and support. We look forward to a successful future together.

Convocation Notice of the Annual General Meeting of Shareholders

Notice is hereby given that an Annual General Meeting of Shareholders of Woori Financial Group Inc. (the “Company” or the “Group”) will be held as described hereunder and your attendance is cordially requested.

Description

Reference Document for the Exercise of Voting Rights

1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for the fiscal year 2024 (Jan. 1, 2024 – Dec. 31, 2024)

Please refer to Appendix A.

2. Approval of amendments to the Articles of Incorporation

Please refer to Appendix B.

3. Approval of reductions to the capital reserve

Agenda details

4. Election of directors

[ Candidates’ Information ]

[ Experience ]

[ Execution Plan of Candidates (for appointment of independent directors only) ]

• Candidate: Choon Soo KIM

1) Expertise

- The candidate is a management expert who has served as a Chief Executive Officer across various industries and possesses a strong understanding of compliance, gained from his experience in ethics management. He has the necessary expertise and capabilities to serve as an independent director and contribute to the development of Woori Financial Group.

2) Independence

- The candidate is committed to performing his duties fairly and independently, in the best interests of all shareholders and financial consumers.

3) Job performance

- The candidate will actively contribute to realizing Woori Financial Group’s vision by leveraging his independence and expertise to provide strategic recommendations for corporate growth and diligent oversight of internal control activities.

• Candidate: Young Hoon KIM

1) Expertise

- The candidate graduated from Hanyang University with a degree in industrial engineering and obtained an MBA in the United States. He has extensive experience in the IT and digital sectors and will leverage his expertise to support the growth of Woori Financial Group.

2) Independence

- The candidate is committed to performing his duties fairly and independently, in the best interests of all shareholders and financial consumers.

3) Job performance

- The candidate will actively contribute to realizing Woori Financial Group’s vision by leveraging his independence and expertise to provide strategic recommendations for corporate growth and diligent oversight of internal control activities.

• Candidate: Kang Haeng LEE

1) Expertise

- The candidate has held key positions at Korea Investment & Securities and Korea Investment Holdings, including as the Chief Financial Officer, President, and Vice Chairman . As a finance and investment expert, he has contributed to the stable growth of financial holding companies through financial and investment strategy development, asset management, and risk management. He will apply this expertise to support the growth of Woori Financial Group.

2) Independence

- The candidate is committed to performing his duties fairly and independently, in the best interests of all shareholders and financial consumers.

3) Job performance

- The candidate will actively contribute to realizing Woori Financial Group’s vision by leveraging his independence and expertise to provide strategic recommendations for corporate growth and diligent oversight of internal control activities.

• Candidate: In Sub YOON

1) Expertise

- The candidate holds a master’s degree in accounting and has served as the Chief Executive Officer of multiple financial institutions, including life and non-life insurance companies. As an experienced executive, he possesses deep insights into, and an extensive professional network within, the financial sector, making him a finance and accounting expert. He will leverage this expertise to contribute to the development of Woori Financial Group.

2) Independence

- The candidate is committed to performing his duties fairly and independently, in the best interests of all shareholders and financial consumers.

3) Job performance

- The candidate will actively contribute to realizing Woori Financial Group’s vision by leveraging his independence and expertise to provide strategic recommendations for corporate growth and diligent oversight of internal control activities.

[ Reasons for recommendation by the Board of Directors (the “Board”) ]

• Candidate: Choon Soo KIM

- The candidate possesses a fundamental understanding of the financial industry, gained through his experience at the Insurance Supervisory Authority and an insurance company. As a graduate of Seoul National University with a degree in law, the candidate has a strong grasp of compliance and has demonstrated expertise in internal controls and ethical management, having served as the inaugural head of the Ethics Management Office at Eugene Corporation. Having held key positions such as the Chief Executive Officer of Eugene General Development and Eugene Logistics, the candidate has demonstrated outstanding results in corporate operations and strategic management. With extensive networks and business management experience across various industries, the candidate has developed the ability to demonstrate strategic insight and execution capabilities, even in complex business environments.

The candidate is well trusted within the Group, due to his fair and objective decision-making abilities, and has contributed to establishing a foundation for sustainable corporate growth through his continuous efforts to enhance ethical management and internal controls. This broad expertise and practical experience are expected to contribute to the long-term growth of the Group and the strengthening of the Board’s internal control functions. Therefore, the Board recommends his election as an independent director.

• Candidate: Young Hoon KIM

- The candidate graduated from Hanyang University with a degree in industrial engineering and obtained an MBA in the United States. He is a seasoned expert with extensive experience in the IT and digital sectors.

Starting as a founding member of Daou Technology, he later served as its Chief Executive Officer, achieving remarkable success in the IT and software business. He then expanded into the content industry, leading significant growth in the global market. With a deep understanding of IT and digital transformation, he is expected to provide valuable insights into digital innovation and data-driven management in the financial industry.

Furthermore, his experience in mergers and acquisitions and business expansion through corporate management well-positions him to contribute to the development of growth strategies for the Group. Leveraging his extensive global network and business management experience across various industries, it is expected that he will play a key role in enhancing the Board’s expertise with respect to advancing the globalization of financial services and pursuing new business initiatives. For these reasons, the Board recommends his election as an independent director.

• Candidate: Kang Haeng LEE

- The candidate graduated from Sogang University with a degree in economics and has over 30 years of experience in the financial industry, specializing in asset management, risk management, and global financial strategy. Having held key positions at Korea Investment & Securities and Korea Investment Holdings, including as the Chief Financial Officer (CFO), President, and Vice Chairman, he is an expert in finance and investment strategy. His contributions to financial planning, asset management, and risk control have played a crucial role in ensuring the stable growth of financial holding companies. Additionally, with a leadership approach that prioritizes ethical responsibility and the strengthening of internal controls, he has helped establish a foundation for sustainable growth. His extensive experience in the financial sector is expected to further enhance the Group’s risk management and internal control functions, making him a strong candidate for an independent director position. For these reasons, the Board recommends his election as an independent director.

• Candidate: In Sub YOON

- The candidate holds a master’s degree in accounting and is a seasoned executive, having served as the Chief Executive Officer of multiple financial institutions, including life and non-life insurance companies. With deep insights into the domestic financial industry and an extensive professional network, he is recognized as an expert in finance and risk management. As a Board member, he has played a leading role in fostering a culture of active discussion through his thorough review of board agenda items and his dedicated execution of duties. In his current role as the Chairman of the Risk Management Committee, he has effectively overseen sound management practices, contributing significantly to the Group’s stability through proactive risk management, achieving industry-leading asset soundness. Additionally, in the 2024 evaluation of independent directors, he received the highest rating across all areas, demonstrating his strong expertise and commitment to fulfilling his responsibilities. For these reasons, the Board recommends his election as an independent director.

5. Election of independent director who will serve as an audit committee member

[Candidate’s Information ]

[ Experience ]

[Execution Plan of Candidates (for appointment of independent directors only) ]

• Candidate: Yeongseop RHEE

1) Expertise

- The candidate possesses extensive experience and expertise in international financial markets, policy analysis, asset management, and risk management, making them an expert in the fields of economics, finance, and risk management. Based on this background, they will contribute to the growth and development of Woori Financial Group.

2) Independence

- The candidate is committed to performing his duties fairly and independently, in the best interests of all shareholders and financial consumers.

3) Job performance

- The candidate will actively contribute to realizing Woori Financial Group’s vision by leveraging his independence and expertise to provide strategic recommendations for corporate growth and diligent oversight of internal control activities.

[ Reasons for recommendation by the Board ]

• Candidate: Yeongseop RHEE

- The candidate earned a master’s degree in statistics and a Ph.D. in economics from UC Berkeley and is currently a professor at the Graduate School of International Studies at Seoul National University. He is recognized as a leading expert in finance and economics. Having served as the President of the Korea Money and Finance Association, the Director of the SNU Institute of Finance and Economics, and a member of the Korea Investment Corporation’s Operations Committee, he has played a key role in strategic decision-making and research across various financial institutions. His expertise spans international financial markets, policy analysis, asset management, and risk management. Beyond financial market and policy research, he has also been actively engaged in real-world financial markets, leading multiple projects related to ESG management, fintech, and capital market development. His experience in these emerging sectors is expected to contribute to strengthening the sustainability and internal control framework of the Group. With extensive experience in global financial markets and risk management, he is well-positioned to refine the governance structure of the Group and enhance its risk management capabilities. Furthermore, his balanced perspective bridging academia and the real economy, along with his strong analytical skills, makes him an ideal candidate to be an independent director. As an Audit Committee member, he is expected to uphold independent and transparent audit functions while supporting the advancement of internal controls and risk management, making him a strong nominee for the position. For these reasons, the Board recommends his election as an independent director who will serve as a member of the Audit Committee.

6. Election of audit committee members who are independent directors

[ Candidates’ Information ]

[ Experience ]

[ Reasons for recommendation by the Board of Directors (the “Board”) ]

• Candidate: Choon Soo KIM

- The candidate possesses a fundamental understanding of the financial industry, gained through his experience at the Insurance Supervisory Authority and an insurance company. As a graduate of Seoul National University with a degree in law, the candidate has a strong grasp of compliance and has demonstrated expertise in internal controls and ethical management, having served as the inaugural head of the Ethics Management Office at Eugene Corporation. Having held key positions such as the Chief Executive Officer of Eugene Comprehensive Development and Eugene Logistics, the candidate has demonstrated outstanding results in corporate operations and strategic management. With extensive networks and business management experience across various industries, the candidate has developed effective risk management and internal control capabilities even in complex business environments.

The candidate is well trusted within the Group, due to his fair and objective decision-making abilities, and has contributed to establishing a foundation for sustainable corporate growth through his continuous efforts to enhance ethical management and internal controls. Through such broad expertise and practical experience, he is expected to contribute as a member of the Audit Committee to advancing the internal control system of the Group, strengthening the Group’s risk management and ensuring the independence of its audit functions. Therefore, the Board recommends his election as a member of the Audit Committee.

• Candidate: Young Hoon KIM

- The candidate graduated from Hanyang University with a degree in industrial engineering and obtained an MBA in the United States. He is a seasoned expert with extensive experience in the IT and digital sectors.

Starting as a founding member of Daou Technology, he later served as its Chief Executive Officer, achieving remarkable success in the IT and software business. He then expanded into the content industry, leading significant growth in the global market.

In particular, the candidate’s extensive capabilities in IT and data management is expected to contribute to improving the internal control and risk management systems of the Group, especially in the increasingly digitalized financial industry. Based on a deep understanding of data-driven decision-making and digital security risks, the candidate is expected to play a key role in refining and improving the efficiency of the internal control processes of the Group.

Furthermore, he has accumulated practical insight into corporate governance and risk management through his experience in mergers and acquisitions and business expansions, allowing him to contribute to strengthening the transparency and sustainability of the Group. As a member of the Audit Committee with the ability to respond to new technologies and digital risks in the financial industry, he is expected to play an important role in improving the internal control system of the Group. Therefore, the Board recommends his election as a member of the Audit Committee.

• Candidate: Kang Haeng LEE

- The candidate graduated from Sogang University with a degree in economics and has over 30 years of experience in the financial industry, specializing in asset management, risk management, and global financial strategy. Having held key positions at Korea Investment & Securities and Korea Investment Holdings, including as the Chief Financial Officer (CFO), President, and Vice Chairman, he has played a crucial role in achieving stable growth and establishing a sustainable financial strategy for the Group.

Through his extensive experiences in the financial sector, he is able to contribute to strengthening the Group’s risk management system and improve the internal control processes. The experience he accumulated through his asset management and investment strategies will help him to improve the Group’s financial stability, and he is expected to contribute to improving the trustworthiness of the Group’s internal control system.

In addition, through a leadership that emphasizes ethical responsibility, he is capable of establishing a fair and transparent decision-making culture and proposing practical measures to strengthen internal controls. Therefore, the Board recommends his election as a member of the Audit Committee.

7. Approval of Maximum Limit on Directors’ Compensation

Appendix A. Financial Statements for FY2024

For further information, please refer to the Audit Reports furnished to the U.S. Securities and Exchange Commission as an exhibit to the Form 6-K on March 5, 2025. The Audit Reports are available on the U.S. Securities and Exchange Commission website at www.sec.gov.

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS OF DECEMBER 31, 2024 AND 2023

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

(Continued)

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (CONTINUED)

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

(Continued)

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (CONTINUED)

WOORI FINANCIAL GROUP INC.

SEPARATE STATEMENTS OF FINANCIAL POSITION

AS OF DECEMBER 31, 2024 AND 2023

WOORI FINANCIAL GROUP INC.

SEPARATE STATEMENTS OF COMPREHENSIVE INCOME

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

WOORI FINANCIAL GROUP INC.

SEPARATE STATEMENTS OF CHANGES IN EQUITY

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

WOORI FINANCIAL GROUP INC.

SEPARATE STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023