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Published: 2022-10-25 06:06:51 ET
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6-K 1 d399382d6k.htm FORM 6-K FORM 6-K

 

 

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 October 2022

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.

 

 

 


Woori Financial Group’s Preliminary Financial Performance Figures

for the Third Quarter of 2022

The preliminary financial performance figures for Woori Financial Group for the nine-month period ended on September 30, 2022, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

   3Q 2022      2Q 2022      % Change
Increase
(Decrease)
     3Q 2021      % Change
Increase
(Decrease)
 

Revenue*

   Specified Quarter      20,443,634        13,749,284        48.69        8,685,771        135.37  
   Cumulative Basis      43,158,579        22,714,945        —          21,790,992        98.06  

Operating Income

   Specified Quarter      1,270,632        1,203,671        5.56        1,091,768        16.38  
   Cumulative Basis      3,702,745        2,432,113        —          3,075,608        20.39  

Income before

   Specified Quarter      1,288,208        1,302,834        (1.12      1,134,982        13.50  

Income Tax Expense

   Cumulative Basis      3,756,119        2,467,911        —          3,152,730        19.14  

Net Income

   Specified Quarter      933,385        986,832        (5.42      824,396        13.22  
   Cumulative Basis      2,792,689        1,859,304        —          2,361,647        18.25  

Profit to

the Equity

Holders of

the Parent Entity

   Specified Quarter      899,811        922,746        (2.49      778,238        15.62  
   Cumulative Basis      2,661,745        1,761,934        —          2,197,936        21.10  

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).


Woori Bank’s Preliminary Financial Performance Figures

for the Third Quarter of 2022

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the nine-month period ended on September 30, 2022, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

   3Q 2022      2Q 2022      % Change
Increase
(Decrease)
     3Q 2021      % Change
Increase
(Decrease)
 

Revenue*

   Specified Quarter      19,396,423        12,788,707        51.67        7,942,808        144.20  
   Cumulative Basis      40,280,392        20,883,969        —          19,703,102        104.44  

Operating Income

   Specified Quarter      1,107,783        992,832        11.58        932,702        18.77  
   Cumulative Basis      3,092,172        1,984,389        —          2,587,985        19.48  

Income before

   Specified Quarter      1,128,792        1,092,888        3.29        975,148        15.76  

Income Tax Expense

   Cumulative Basis      3,169,012        2,040,220        —          2,662,503        19.02  

Net Income

   Specified Quarter      823,033        839,376        (1.95      709,669        15.97  
   Cumulative Basis      2,381,821        1,558,788        —          1,993,395        19.49  

Profit to

the Equity

Holders of

the Parent Entity

   Specified Quarter      819,075        838,043        (2.26      707,080        15.84  
   Cumulative Basis      2,373,541        1,554,466        —          1,986,718        19.47  

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).


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: October 25, 2022     By:  

/s/ Sang-Wook Chun

    (Signature)
    Name: Sang-Wook Chun
    Title: President