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 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 First Half of 2021

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

(Units: millions of KRW, %)

 

Item

  

1H 2021

    

2H 2020

    

% Change
Increase
(Decrease)

    

1H 2020

    

% Change
Increase
(Decrease)

 

Revenue*

   Specified Half      13,105,199        13,967,286        -6.17        14,687,686        -10.77  
   Cumulative Basis      13,105,199        28,654,972        —          14,687,686        -10.77  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Operating Income

   Specified Half      1,983,451        907,796        118.49        1,172,598        69.15  
   Cumulative Basis      1,983,451        2,080,394        —          1,172,598        69.15  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Income before Income Tax Expense

   Specified Half      2,017,357        967,402        108.53        1,033,849        95.13  
   Cumulative Basis      2,017,357        2,001,251        —          1,033,849        95.13  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net Income

   Specified Half      1,536,903        741,216        107.35        774,033        98.56  
   Cumulative Basis      1,536,903        1,515,249        —          774,033        98.56  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Profit to the Equity Holders of the Parent Entity

   Specified Half      1,419,747        646,702        119.54        660,564        114.93  
   Cumulative Basis      1,419,747        1,307,266        —          660,564        114.93  

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 2021

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

(Units: millions of KRW, %)

 

Item

  

1H 2021

    

2H 2020

    

% Change
Increase
(Decrease)

    

1H 2020

    

% Change
Increase
(Decrease)

 

Revenue*

   Specified Half      11,759,497        13,002,729        -9.56        13,836,037        -15.01  
   Cumulative Basis      11,759,497        26,838,766        —          13,836,037        -15.01  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Operating Income

   Specified Half      1,654,986        888,062        86.36        1,037,630        59.50  
   Cumulative Basis      1,654,986        1,925,692        —          1,037,630        59.50  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Income before Income Tax Expense

   Specified Half      1,687,059        884,074        90.83        903,916        86.64  
   Cumulative Basis      1,687,059        1,787,990        —          903,916        86.64  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Net Income

   Specified Half      1,283,430        688,232        86.48        682,073        88.17  
   Cumulative Basis      1,283,430        1,370,305        —          682,073        88.17  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Profit to the Equity Holders of the Parent Entity

   Specified Half      1,279,342        685,287        86.69        677,937        88.71  
   Cumulative Basis      1,279,342        1,363,224        —          677,937        88.71  

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 21, 2021

   

By: /s/ Sung-Wook Lee

    (Signature)
   

Name:

 

Sung-Wook Lee

   

Title:

 

Senior Managing Director

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