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Published: 2021-10-25 06:17:02 ET
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6-K 1 d226387d6k.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 2021

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 2021

The preliminary financial performance figures for Woori Financial Group for the nine-month period ended on September 30, 2021, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

   3Q 2021      2Q 2021      % Change
Increase
     3Q 2020      % Change
Increase
 

Revenue*

   Specified Quarter      8,685,880        4,391,259        97.80        4,293,937        102.28  
   Cumulative Basis      21,791,101        13,105,221        —          18,981,622        14.80  

Operating Income

   Specified Quarter      1,092,126        1,050,328        3.98        675,160        61.76  
   Cumulative Basis      3,075,966        1,983,840        —          1,847,758        66.47  

Income before

   Specified Quarter      1,135,340        1,075,986        5.52        675,980        67.95  

Income Tax Expense

   Cumulative Basis      3,153,088        2,017,748        —          1,709,829        84.41  

Net Income

   Specified Quarter      824,728        818,384        0.78        521,715        58.08  
   Cumulative Basis      2,361,979        1,537,251        —          1,295,748        82.29  

Profit to the Equity

   Specified Quarter      778,570        752,595        3.45        480,200        62.13  

Holders of the Parent Entity

   Cumulative Basis      2,198,268        1,419,698        —          1,140,764        92.70  

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 2021

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, 2021, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

   3Q 2021      2Q 2021      % Change
Increase
     3Q 2020      % Change
Increase
 

Revenue*

   Specified Quarter      7,942,808        3,722,248        113.39        3,924,278        102.40  
   Cumulative Basis      19,703,102        11,760,294        —          17,760,315        10.94  

Operating Income

   Specified Quarter      932,702        881,944        5.76        621,882        49.98  
   Cumulative Basis      2,587,985        1,655,283        —          1,659,512        55.95  

Income before

   Specified Quarter      975,148        903,928        7.88        625,609        55.87  

Income Tax Expense

   Cumulative Basis      2,662,503        1,687,355        —          1,529,526        74.07  

Net Income

   Specified Quarter      709,669        691,974        2.56        483,719        46.71  
   Cumulative Basis      1,993,395        1,283,726        —          1,165,792        70.99  

Profit to the Equity

   Specified Quarter      707,080        690,268        2.44        480,705        47.09  

Holders of the Parent Entity

   Cumulative Basis      1,986,718        1,279,638        —          1,158,642        71.47  

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, 2021      

By: /s/ Sung-Wook Lee

      (Signature)
      Name:   Sung-Wook Lee
      Title:     Senior Managing Director