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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 2023
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 ☐
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.
Results of the Annual General Meeting of Shareholders
of Woori Financial Group Inc. for Fiscal Year 2022
The annual general meeting of shareholders of Woori Financial Group was held on March 24, 2023 and all six agenda items listed below were approved and ratified as originally proposed.
Key Details Relating to the Annual General Meeting of Shareholders
| • | Agenda: |
| 1. | Approval of financial statements for the fiscal year 2022(Jan 1, 2022 – Dec 31, 2022) |
| 2. | Approval of amendments to the Articles of Incorporation |
| 3. | Election of directors (2 Independent directors, 1 Executive director) |
| • | 3-1 Candidate for Independent director : Chan-Hyoung Chung |
| • | 3-2 Candidate for Independent director : Su-Young Yun |
| • | 3-3 Candidate for Executive director : Jong-Yong Yim |
| 4. | Election of Independent director who will serve as an Audit Committee Member |
| • | Candidate for Independent director who will serve as an Audit Committee Member : |
| Sung-Bae Ji |
| 5. | Election of Audit Committee Members who are Independent directors |
| • | 5-1 Candidate for Audit Committee Member who is an Independent director : Chan-Hyoung Chung |
| • | 5-2 Candidate for Audit Committee Member who is an Independent director : Su-Young Yun |
| • | 5-3 Candidate for Audit Committee Member who is an Independent director : Yo-Hwan Shin |
| 6. | Approval of Maximum Limit on Directors’ Compensation |
| • | Agenda details |
| • | Approval of financial statements of Woori Financial Group for fiscal year 2022 |
(units: in millions of KRW, unless indicated otherwise)
< Consolidated – Independent Auditor’s Opinion : Unqualified>
| Total Assets |
480,474,396 | Revenue* |
42,422,553 | |||||||
| Total Liabilities |
448,847,054 | Operating Income |
4,430,524 | |||||||
| Capital Stock |
3,640,303 | Net Income |
3,323,982 | |||||||
| Total Equity |
31,627,342 | Earnings Per Share (in KRW) |
4,191 |
< Separate – Independent Auditor’s Opinion : Unqualified>
| Total Assets |
25,113,576 | Revenue* |
1,300,621 | |||||||
| Total Liabilities |
2,216,674 | Operating Income |
1,185,627 | |||||||
| Capital Stock |
3,640,303 | Net Income |
1,183,249 | |||||||
| Total Equity |
22,896,902 | Earnings Per Share (in KRW) |
1,499 |
| * | Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excluding non-operating income) |
| • | Cash dividends for fiscal year 2022 |
(units: in KRW)
| Total dividends per common share |
|
1,130 (8.8% of market price of common stock |
)* | |
| Year-end dividends per common share |
980 | |||
| Interim dividends per common share |
150 | |||
| Dividend per class share |
— | |||
| Total dividend amount |
822,705,794,250 |
| * | The percentage (to the first decimal place) of the dividend per share to the arithmetic mean of the closing prices in the trading market for the one week ending on the day that is two trading days before the closing date of the shareholder register |
| • | Agenda details |
| • | Appointment of Independent directors |
| Name |
Date of Birth |
Term |
Appointment |
Career Background |
Other Positions Held (Institution Name and Title) Note1) | |||||||
| Chan- Hyoung Chung | February 1956 |
From the end of the AGM for FY2022 to the end of the AGM for FY2023 | Re Appointment |
2019-Current | - Independent Director, Woori Financial Group |
- Independent Director, Woori Bank | ||||||
| 2018-Current | - Independent Director, Woori Bank | |||||||||||
| 2018-2019 | - Advisor, POSCO Capital | |||||||||||
| 2015-2018 | - CEO, POSCO Capital |
|||||||||||
| Su-Young Yun | December 1961 |
From the end of the AGM for FY2022 to the end of the AGM for FY2024 | New Appointment |
2016-2019 | - Vice President, KIWOOM Securities Corp. (General Executive Director of Retail Business, Executive Director of Strategy Planning) |
- | ||||||
| 2010-2015 | - CEO, KIWOOM Asset Management |
|||||||||||
Note 1) Only includes positions held as a director, executive officer, or auditor
| • | Appointment of an Executive director |
| Name |
Date of Birth |
Term |
Appointment |
Career Background | ||||||
| Jong-Yong Yim | August 1959 |
From the end of the AGM for FY2022 to the end of the AGM for FY2025 | New Appointment |
2021-Current | - Affiliated Professor, Department of Economics, Seoul National University | |||||
| 2020-Current | - Advisor, Yulchon LLC | |||||||||
| 2018-2022 | - Special Professor, Yonsei University Graduate School of Economics | |||||||||
| 2015-2017 | - Chairman, Financial Services Commission | |||||||||
| 2013-2015 | - CEO, NongHyup Financial Group | |||||||||
| • | Appointment of an Independent director who will serve as an Audit Committee Member |
| Name |
Date of Birth |
Term |
Appointment |
Career Background |
Other Positions Held (Institution Name and Title) Note1) | |||||||
| Sung-Bae Ji |
July 1967 |
From the end of the AGM for FY2022 to the end of the AGM for FY2024 | New Appointment |
2001-Current | - CEO, IMM Investment Corp. |
- CEO, IMM Investment Corp. | ||||||
| 2021-2023 | - Chairman, the 14th Korean Venture Capital Association | |||||||||||
| 2000-2023 | - CEO, IMM&Co | |||||||||||
Note 1) Only includes positions held as a director, executive officer, or auditor
| • | Appointment of Audit Committee Members who are Independent directors |
| Name |
Date of Birth |
Term |
Appointment |
Career Background |
Other Positions Held (Institution Name and Title) Note1) | |||||||
| Chan-Hyoung Chung | February 1956 |
From the end of the AGM for FY2022 to the end of the AGM for FY2023 | Re Appointment |
2019-Current | - Independent Director, Woori Financial Group |
- Independent Director, Woori Bank | ||||||
| 2018-Current | - Independent Director, Woori Bank | |||||||||||
| 2018-2019 | - Advisor, POSCO Capital | |||||||||||
| 2015-2018 | - CEO, POSCO Capital | |||||||||||
| Su-Young Yun | December 1961 |
From the end of the AGM for FY2022 to the end of the AGM for FY2024 | New Appointment |
2016-2019 | - Vice President, KIWOOM Securities Corp. (General Executive Director of Retail Business, Executive Director of Strategy Planning) |
- | ||||||
| 2010-2015 | - CEO, KIWOOM Asset Management | |||||||||||
| Yo-Hwan Shin | December 1962 |
From the end of the AGM for 2022 to the end of the AGM for FY2023 | New Appointment |
2022-Current | - Independent Director, Woori Financial Group |
- | ||||||
| 2020-2022 | - Advisor, Shinyoung Securities Co., Ltd. | |||||||||||
| 2017-2020 | - CEO, Shinyoung Securities Co., Ltd. | |||||||||||
| 2015-2017 | - General Executive Director, Shinyoung Securities Co., Ltd. | |||||||||||
| 2011-2015 | - Executive Director, Retail Business Headquarter, Shinyoung Securities Co., Ltd. | |||||||||||
Note 1) Only includes positions held as a director, executive officer, or auditor
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: March 24, 2023 | By: /s/ Sung-Wook Lee | |||
| (Signature) | ||||
| Name: | Sung-Wook Lee | |||
| Title: | Vice President | |||
