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Published: 2022-04-22 06:09:58 ET
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6-K 1 d351994d6k.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 April 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 Quarter of 2022

The preliminary financial performance figures for Woori Financial Group for the three-month period ended on March 31, 2022, on a consolidated basis, are as follows. (Units: millions of KRW,     %)

 

Item

   1Q 2022      4Q 2021      % Change
Increase
(Decrease)
     1Q 2021      % Change
Increase
(Decrease)
 

Revenue*

   Specified Quarter      8,966,147        5,437,343        64.90        8,713,962        2.89  
   Cumulative Basis      8,966,147        27,228,335        —          8,713,962        2.89  

Operating Income

   Specified Quarter      1,228,442        584,141        110.30        933,512        31.59  
   Cumulative Basis      1,228,442        3,659,749        —          933,512        31.59  

Income before

   Specified Quarter      1,227,273        596,511        105.74        941,762        30.32  

Income Tax Expense

   Cumulative Basis      1,227,273        3,749,241        —          941,762        30.32  

Net Income

   Specified Quarter      917,527        445,724        105.85        718,867        27.64  
   Cumulative Basis      917,527        2,807,371        —          718,867        27.64  

Profit to the Equity

Holders of the Parent Entity

   Specified Quarter      884,230        390,000        126.73        667,103        32.55  
   Cumulative Basis      884,230        2,587,936        —          667,103        32.55  

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 Quarter of 2022

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the three-month period ended on March 31, 2022, on a consolidated basis, are as follows. (Units: millions of KRW, %)

 

Item

   1Q 2022      4Q 2021      % Change
Increase
(Decrease)
     1Q 2021      % Change
Increase
(Decrease)
 

Revenue*

   Specified Quarter      8,095,263        4,608,862        75.65        8,038,046        0.71  
   Cumulative Basis      8,095,263        24,311,964        —          8,038,046        0.71  

Operating Income

   Specified Quarter      991,557        484,706        104.57        773,339        28.22  
   Cumulative Basis      991,557        3,072,692        —          773,339        28.22  

Income before

   Specified Quarter      1,009,528        512,782        96.87        783,427        28.86  

Income Tax Expense

   Cumulative Basis      1,009,528        3,175,283        —          783,427        28.86  

Net Income

   Specified Quarter      764,504        391,711        95.17        591,751        29.19  
   Cumulative Basis      764,504        2,385,106        —          591,751        29.19  

Profit to the Equity

Holders of the Parent Entity

   Specified Quarter      761,515        388,805        95.86        589,370        29.21  
   Cumulative Basis      761,515        2,375,525        —          589,370        29.21  

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: April 22, 2022      By:   

/s/ Sang-Wook Chun

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