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Published: 2022-07-22 06:15:34 ET
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6-K 1 d382658d6k.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 July 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 First Half of 2022

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

(Units: millions of KRW, %)

 

Item

    1H 2022      2H 2021      % Change
Increase
(Decrease)		      1H 2021      % Change
Increase
(Decrease)		  

Revenue*

    Specified Half      22,714,117        14,123,114        60.83        13,105,221        73.32  
   Cumulative Basis      22,714,117        27,228,335        —          13,105,221        73.32  

Operating Income

    Specified Half      2,432,188        1,675,909        45.13        1,983,840        22.60  
   Cumulative Basis      2,432,188        3,659,749        —          1,983,840        22.60  

Income before

    Specified Half      2,467,986        1,731,493        42.54        2,017,748        22.31  

Income Tax Expense

    Cumulative Basis      2,467,986        3,749,241        —          2,017,748        22.31  

Net Income

    Specified Half      1,858,795        1,270,120        46.35        1,537,251        20.92  
   Cumulative Basis      1,858,795        2,807,371        —          1,537,251        20.92  

Profit to

the Equity

Holders of

the Parent Entity

    Specified Half      1,761,425        1,168,238        50.78        1,419,698        24.07  
   Cumulative Basis      1,761,425        2,587,936        —          1,419,698        24.07  

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).

Woori Bank’s Preliminary Financial Performance Figures

for the First Half of 2022

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

(Units: millions of KRW, %)

 

Item

    1H 2022      2H 2021      % Change
Increase
(Decrease)		      1H 2021      % Change
Increase
(Decrease)		  

Revenue*

    Specified Half      20,882,950        12,551,670        66.38        11,760,294        77.57  
   Cumulative Basis      20,882,950        24,311,964        —          11,760,294        77.57  

Operating Income

    Specified Half      1,984,389        1,417,409        40.00        1,655,283        19.88  
   Cumulative Basis      1,984,389        3,072,692        —          1,655,283        19.88  

Income before

    Specified Half      2,040,220        1,487,928        37.12        1,687,355        20.91  

Income Tax Expense

    Cumulative Basis      2,040,220        3,175,283        —          1,687,355        20.91  

Net Income

    Specified Half      1,558,788        1,101,380        41.53        1,283,726        21.43  
   Cumulative Basis      1,558,788        2,385,106        —          1,283,726        21.43  

Profit to

the Equity

Holders of

the Parent Entity

    Specified Half      1,554,466        1,095,887        41.85        1,279,638        21.48  
   Cumulative Basis      1,554,466        2,375,525        —          1,279,638        21.48  

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: July 22, 2022    

By: /s/ Sang-Wook Chun

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