UNITED STATES

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 2024

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 ☐

 

 

 


Woori Financial Group’s Preliminary Financial Performance Figures

for the First Half of 2024

The preliminary financial performance figures for Woori Financial Group for the six-month period ended June 30, 2024, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

   1H 2024      2H 2023      % Change
Increase
     1H 2023      % Change
Increase
 

Revenue*

   Specified Half      23,737,884        18,636,676        27.37        23,396,811        1.46  
   Cumulative Basis      23,737,884        42,033,487        —         23,396,811        1.46  

Operating Income

   Specified Half      2,403,879        1,351,591        77.86        2,147,438        11.94  
   Cumulative Basis      2,403,879        3,499,029        —         2,147,438        11.94  

Income before

   Specified Half      2,390,748        1,368,920        74.64        2,148,533        11.27  

Income Tax Expense

   Cumulative Basis      2,390,748        3,517,453        —         2,148,533        11.27  

Net Income

   Specified Half      1,800,320        1,013,082        77.71        1,613,812        11.56  
   Cumulative Basis      1,800,320        2,626,894        —         1,613,812        11.56  

Profit to the Equity Holders of the Parent Entity

   Specified Half      1,755,396        967,420        81.45        1,538,876        14.07  
   Cumulative Basis      1,755,396        2,506,296        —         1,538,876        14.07  

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 2024

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the six-month period ended June 30, 2024, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

   1H 2024      2H 2023      % Change
Increase
     1H 2023      % Change
Increase
 

Revenue*

   Specified Half      21,367,085        16,468,435        29.75        21,251,376        0.54  
   Cumulative Basis      21,367,085        37,719,811        —         21,251,376        0.54  

Operating Income

   Specified Half      2,234,570        1,360,213        64.28        1,956,745        14.20  
   Cumulative Basis      2,234,570        3,316,958        —         1,956,745        14.20  

Income before

   Specified Half      2,210,739        1,378,285        60.40        1,951,149        13.30  

Income Tax Expense

   Cumulative Basis      2,210,739        3,329,434        —         1,951,149        13.30  

Net Income

   Specified Half      1,678,817        1,037,179        61.86        1,477,901        13.59  
   Cumulative Basis      1,678,817        2,515,080        —         1,477,901        13.59  

Profit to the Equity Holders of the Parent Entity

   Specified Half      1,673,512        1,033,614        61.91        1,471,973        13.69  
   Cumulative Basis      1,673,512        2,505,587        —         1,471,973        13.69  

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 25, 2024     By:  

/s/ Sung-Wook Lee

      (Signature)
    Name: Sung-Wook Lee
    Title:  Deputy President

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