Report of Foreign Issuer (6-k)
May 21 2018 - 6:29AM
Edgar (US Regulatory)
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 May 2018
Woori Bank
(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.
Response to Korea Exchange Inquiry Regarding Press Reports of Woori Banks Plans for
M&A Transactions and Formation of a Holding Company (Preliminary)
Woori Bank has undertaken a review of the necessity, effects, process and
related considerations with respect to the formation of a holding company, for purposes of increasing its management efficiency and diversifying its businesses. As a result of such review, Woori Bank has concluded that it is necessary to adopt a
holding company structure in order to secure its competitiveness as a comprehensive financial group, and plans to proceed with the establishment of a holding company with a target launch date of early 2019.
The conversion into a holding company structure will require various procedures under applicable law, including approvals by Woori Banks board of
directors, regulatory authorities and Woori Banks shareholders. Accordingly, Woori Bank expects to make decisions relating to the conversion into a holding company structure after deliberation by its board of directors and shareholders and
consultation with the regulatory authorities and other interested parties.
Woori Bank will make additional disclosures regarding the above matter in the
future, once relevant details are determined.
The foregoing disclosure is being provided as an update to previous responses to an inquiry made by the
Korea Exchange.
Report on Form
6-K
submitted by Woori Bank on
February 24, 2017, entitled Report Regarding Contemplated Holding Company Structure
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.
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Woori Bank
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(Registrant)
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Date: May 21, 2018
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By:
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/s/ Won Duk Lee
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(Signature)
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Name:
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Won Duk Lee
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Title:
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Managing Director
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