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 December 2020
Commission File Number: 001-31811
Woori Financial Group Inc.
(Translation of registrants 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 registrants home country), or under the rules of the home country exchange on which the registrants 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 registrants 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 December 10, 2020, Woori Financial Group Inc. (Woori Financial Group) disclosed the addition of Aju Capital Co., Ltd. (Aju Capital) as a direct subsidiary.
Key Details
1. | Company name: Aju Capital Co., Ltd. |
2. | Primary area of business: Specialized Credit Finance |
3. | Key financial figures as of December 31, 2019: |
1) | Total assets (in millions of KRW): 6,467,193 |
2) | Total liabilities (in millions of KRW): 5,694,036 |
3) | Total stockholders equity (in millions of KRW): 773,157 |
4) | Capital stock (in millions of KRW): 287,729 |
4. | Share ownership ratio upon addition as a direct subsidiary: 74.0% |
5. | Proportion of the share purchase amount compared to Woori Financial Groups total assets (non-consolidated) upon addition as a direct subsidiary: 2.7% |
6. | Date of addition: December 10, 2020 (Share purchase completion date) |
7. | Total number of direct subsidiaries of Woori Financial Group after the addition of Aju Capital as a direct subsidiary: 12 |
8. | Other relevant information: |
| Related Disclosure: Report on Form 6-K submitted by Woori Financial Group on October 23, 2020, entitled Acquisition of Shares of Aju Capital Co., Ltd. |
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: December 10, 2020 |
By: | /s/ Kyong-Hoon Park | ||||
(Signature) | ||||||
Name: Kyong-Hoon Park | ||||||
Title: Deputy President |