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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 ST 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.
Addition of a Direct Subsidiary
On March 23, 2023, Woori Financial Group Inc. (“Woori Financial Group”) disclosed the addition of Woori Venture Partners Co., Ltd. as a direct subsidiary.
Key Details
| 1. | Company name: Woori Venture Partners Co., Ltd. |
| 2. | Primary area of business: Start-up Investment for small and medium sized companies and private equity funds |
| 3. | Key financial figures as of December 31, 2022: |
| 1) | Total assets (in millions of KRW): 325,253 |
| 2) | Total liabilities (in millions of KRW): 29,545 |
| 3) | Total stockholders’ equity (in millions of KRW): 295,708 |
| 4) | Capital stock (in millions of KRW): 50,000 |
| 4. | Share ownership ratio upon addition as a direct subsidiary: 52% |
| 5. | Proportion of the share payment compared to Woori Financial Group’s total assets (as of December 31, 2022 and on a non-consolidated basis) upon addition as a direct subsidiary: 0.8% |
| 6. | Date of addition: March 23, 2023 |
| 7. | Total number of direct subsidiaries of Woori Financial Group after the addition of Woori Venture Partners Co., Ltd. as a direct subsidiary: 15 |
| 8. | Company name was changed from Daol Investment Co., Ltd. to Woori Venture Partners Co., Ltd. through the amendments to the Articles of Incorporation at Annual General Meeting of Shareholders on March 23, 2023. |
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 23, 2023 | By: | /s/ Sung-Wook Lee | ||||
| (Signature) | ||||||
| Name: Sung-Wook Lee | ||||||
| Title: Vice President | ||||||
