[6-K] Woori Financial Group Inc. American Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Woori Financial Group reported consolidated net income of KRW 1,594,299 million for the first half of 2025 on operating income of KRW 1,977,714 million. Net interest income was KRW 4,513,808 million and impairment losses due to credit loss increased to KRW 943,310 million, while net gains on FVTPL weakened.

The group's asset base totaled KRW 534,112,776 million with total loans of KRW 383,989 billion and an NPL ratio of 0.61%. Capital remained robust: group BIS ratio was 16.06% (preliminary) and Woori Bank's BIS was 16.97%. Liquidity and LCR metrics exceeded regulatory minima. Shareholder actions included a KRW 150 billion buyback completed under trust and cash dividends totaling KRW 294,232 million (KRW 400 per common share in 1H). The report lists recent group integrations including Tongyang Life, ABL Life and Woori Asset Trust as subsidiaries.

Positive

• Group BIS ratio strengthened to 16.06% (preliminary), indicating a solid capital buffer
• Woori Bank BIS ratio improved to 16.97%, supporting regulatory resilience
• Completed share buyback via trust of KRW 150 billion (8,515,181 shares purchased as of June 30, 2025)
• Paid cash dividends totaling KRW 294,232 million in 1H 2025 (KRW 400 per common share; KRW 200 per quarter)
• Liquidity and LCR metrics exceed regulatory minima (Woori Bank LCR 107.24%, foreign currency LCR 147.48%)
• Strategic integrations completed: Tongyang Life, ABL Life (incorporated July 1, 2025) and Woori Asset Trust (integrated July 31, 2025)

Negative

• Higher impairment losses due to credit loss: KRW 943,310 million in 1H 2025 (up from KRW 775,492 million in 1H 2024)
• NPL ratio increased to 0.61% from 0.46% in 2024, signalling asset-quality deterioration
• Substandard-and-below loans ratio rose to 0.71% with substandard coverage ratio declining to 127.0%
• Consolidated net income declined to KRW 1,594,299 million in 1H 2025 from KRW 1,800,420 million in 1H 2024

Insights

Financial Analyst

TL;DR: Strong capital and shareholder returns offset by weaker earnings and higher credit impairments in 1H 2025.

Woori Financial Group delivered a consolidated 1H 2025 net income of KRW 1.59 trillion with net interest income ticked up to KRW 4.51 trillion. The group preserved capital strength with a preliminary BIS ratio of 16.06% and Woori Bank at 16.97%, supporting regulatory buffers and strategic actions such as a KRW 150 billion buyback and KRW 294 billion in cash dividends for 1H. However, credit-related headwinds are visible: impairment losses rose to KRW 943 billion and the group NPL ratio increased to 0.61%, which weighed on profitability versus 1H 2024. From a financial metrics perspective, the company remains well-capitalized and liquid, but near-term earnings are pressured by higher credit costs.

Risk Analyst

TL;DR: Capital and liquidity are solid, but rising NPLs and lower coverage merit attention for asset-quality risk.

Key risk indicators show the NPL ratio rising to 0.61% and substandard-and-below loans ratio to 0.71% with loan loss reserves of KRW 3,438 billion yielding a substandard coverage ratio of 127.0% (down from prior periods). While LCR and won/foreign liquidity ratios are comfortably above requirements and BIS remains healthy, the deterioration in asset quality and higher impairment charges (KRW 943 billion in 1H) increase credit risk exposure. Ongoing integration of insurance and trust businesses expands scope and complexity of risk governance, requiring continued monitoring of provisioning and recovery trends.

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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 August 2025

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 ☐

Table of Contents

		Index
1.		Summary of 2025 1H Business Report
2.		Exhibit 99.1 Woori Financial Group Review Report for 2025 1H (Consolidated)
3.		Exhibit 99.2 Woori Financial Group Review Report for 2025 1H (Separate)

Table of Contents

Summary of 2025 First Half Business Report

Table of Contents

I.		INTRODUCTION OF THE COMPANY			2
1.		Overview of the Company			2
2.		Capital Structure (Changes in Capital)			8
3.		Total Number of Authorized Shares			8
II.		BUSINESS OVERVIEW			9
1.		Results of Operations			9
2.		Funding Sources and Uses of Funds			9
3.		Other Information Necessary for Making Investment Decisions			10
III.		FINANCIAL INFORMATION			15
1.		Condensed Financial Statements (Consolidated)			15
2.		Condensed Financial Statements (Separate)			17
3.		Dividend Information			19
IV.		INDEPENDENT AUDITOR’S OPINION			20
1.		Independent Auditor’s Opinion			20
2.		Compensation to the Independent Auditor			20
V.		CORPORATE GOVERNANCE			22
1.		About the Board of Directors			22
2.		Shareholder’s Meeting			24
VI.		SHAREHOLDER INFORMATION			26
1.		Share Distribution			26
2.		Stock Price and Stock Market Performance			28
VII.		DIRECTORS AND EMPLOYEE INFORMATION			29
1.		Directors and Executives			29
2.		Employee Status			30
3.		Directors’ Compensation			30
4.		Stock-based Compensation			30
VIII.		INTERNAL CONTROLS			31
1.		Management’s Assessment of the Effectiveness of the Internal Accounting Management System			31
2.		Audit Committee’s Assessment of the Effectiveness of the Internal Accounting Management System			31
3.		External Auditor’s Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System			32

Table of Contents

Except where indicated otherwise, financial information contained in this document (including the attached financial statements) has been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“Korean IFRS”), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “Woori Financial Group,” “we,” “us” or the “Company” are to Woori Financial Group Inc. and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.

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I. Introduction of the Company

1. Overview of the Company

a. History (Recent 5 years)

January 15, 2021		Joined the Carbon Disclosure Project (CDP), announced support for the Task force on Climate related Financial Disclosure (TCFD) and established the ESG management principles of Woori Financial Group
March 5, 2021		Established the Board ESG Management Committee
March 12, 2021		Integrated Woori Savings Bank as a first-tier subsidiary of the Company
April 9, 2021		After-hours trading of a 2% stake in Woori Financial Group held by the Korea Deposit Insurance Corporation
April 15, 2021		Purchased additional equity shares of Woori Financial Capital Co., Ltd., increasing the Company’s equity ownership by 12.9%
May 13, 2021		Participated in the capital increase of Woori Savings Bank (KRW 100 billion)
May 24, 2021		Purchased 3.6% of Woori Financial Capital Co., Ltd. in treasury shares
June 4, 2021		Entered into a stock exchange agreement to acquire the remaining shares of Woori Financial Capital Co., Ltd.
August 10, 2021		Integrated Woori Financial Capital Co., Ltd., as a wholly-owned subsidiary of the Company (Completion of stock exchange)
September 9, 2021		Announcement of contemplated sales of the remaining stake in Woori Financial Group held by the Korea Deposit Insurance Corporation
October 8, 2021		Joined the SBTi (Science Based Targets initiative) as part of the roadmap for achieving carbon neutrality
November 2, 2021		Obtained regulatory approval for using the IRB (Internal Rating Based) approach
November 9, 2021		Obtained ‘AA’ rating from MSCI ESG assessment (2 grades higher than the previous year), ‘A’ rating from KCGS(Korea Corporate Governance Service)(1 grade higher than the previous year)

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November 17, 2021		Included newly in Asia Pacific Index of DJSI (Dow Jones Sustainability Indices)
December 9, 2021		Achieved practically full privatization through the decrease of the KDIC’S stake in us from 15.1% to 5.8%, changing the largest shareholder from the KDIC to the Employee Stock Ownership Association of Woori Financial Group
December 26, 2021		Launched the Group integrated car finance platform “Woori WON Car”
January 7, 2022		Officially launched the NPL investment company Woori Financial F&I Inc.
January 13, 2022		Joined the global environment initiative Taskforce on Nature-related Financial Disclosures (TNFD)
February 4, 2022		Recognized as an ‘Industry Mover’ in a sustainability assessment by S&P Global for 2022
February 10, 2022		Disposal by the Korea Deposit Insurance Corporation of a 2.2% stake in Woori Financial Group (reducing the KDIC’s stake in Woori Financial Group from 5.8% to 3.6%)
May 11, 2022		Became the first company in the world to join the launch of the ‘Business for Land (B4L) Initiative’ for the protection of sustainable forests and the recovery of land degradation
May 18, 2022		Disposal by the Korea Deposit Insurance Corporation of a 2.3% stake in Woori Financial Group (reducing the KDIC’s stake in Woori Financial Group from 3.6% to 1.3%)
June 19, 2022		Held the inaugural meeting of Woori Financial Future Foundation
August 22, 2022		Joined the ‘Partnership for Biodiversity Accounting Financials(PBAF)’ as the first Asian company
November 7, 2022		Held the global conference ‘Sustainable Finance for a Better World’
December 14, 2022		Signatory of Statement from the Financial Sector at the Conference of the Parties to the ‘UN Convention on Biological Diversity(UN CBD)’
December 29, 2022		Received ‘AA’ rating from MSCI ESG Research for 2 consecutive years

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January 16, 2023		Completed the establishment of the ‘WON Synergy’ system to create effective synergy within group companies
January 26, 2023		Became the first financial company in Korea to join the ‘Finance Leadership Group on Plastics’ hosted by ‘UN Environment Programme Finance Initiative (UNEP FI)’
February 27, 2023		Entered into a stock purchase agreement to acquire Daol Investment (52% ownership)
March 23, 2023		Daol Investment, re-named Woori Venture Partners, incorporated as a subsidiary into the Company
March 24, 2023		Jong-Yong Yim appointed as the 9th chairman of Woori Financial Group (4th annual general meeting of shareholders of Woori Financial Group)
April 21, 2023		Resolved to repurchase and cancel treasury shares, a first-time since the transition to a holding company
June 01, 2023		Entered into a comprehensive stock exchange agreement with Woori Investment Bank and Woori Venture Partners
August 08, 2023		Woori Investment Bank and Woori Venture Partners to each become a wholly-owned subsidiary of the Company
August 24, 2023		Group Carbon Emission Reduction Target validated by SBTi (Science Based Targets initiative)
October 05, 2023		Entered into a memorandum of understanding with the Korea Deposit Insurance Corporation to purchase its remaining stake in Woori Financial Group (1.2%)
December 22, 2023		A capital increase of KRW 500 billion conducted by Woori Investment Bank (to enhance competitiveness)
December 26, 2023		Obtained an ‘AAA’ rating from MSCI ESG assessment
March 13, 2024		Resolved to acquire and cancel the remaining shares owned by the Korea Deposit Insurance Corporation
August 1, 2024		Established Woori Investment Securities Co., Ltd. as a new direct subsidiary

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August 28, 2024		Entered into share purchase agreements to acquire Tongyang Life Insurance and ABL Life Insurance
September 24, 2024		Included in the ‘KRX Korea Value-up Index’
November 28, 2024		Launched the new universal banking mobile application NEW ‘Woori WON Banking’
December 17, 2024		Included in the Dow Jones Sustainability Indexes (DJSI) World Index
March 26, 2025		Established an Ethics and Internal Control Committee within the Board of Directors
July 1, 2025		Incorporated Tongyang Life Insurance and ABL Life Insurance as subsidiaries of the Company
July 31, 2025		Integrated Woori Asset Trust Co., Ltd. as a wholly-owned subsidiary of the Company

b. Affiliated Companies

(1) Overview of Business Group

1. Name of business group: Woori Financial Group Inc.

(2) Affiliated companies within the business group

As of June 30, 2025

Type		Name of Company
Listed company (3 companies)		Woori Financial Group
		PT Bank Woori Saudara Indonesia 1906 Tbk
		PT Woori Finance Indonesia Tbk
Unlisted company (35 companies)		Woori Bank
		Woori Card
		Woori Financial Capital
		Woori Investment Securities
		Woori Asset Trust
		Woori Savings Bank
		Woori Financial F&I Inc.
		Woori Asset Management
		Woori Venture Partners
		Woori Private Equity Asset Management
		Woori Credit Information

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Type		Name of Company
		Woori Fund Services
		Woori FIS
		Woori Finance Research Institute
		Korea BTL Infrastructure Fund
		Woori America Bank
		Woori Bank China Limited
		AO Woori Bank
		Banco Woori Bank do Brazil S.A.
		Woori Global Markets Asia Limited
		Woori Bank Vietnam Limited
		Wealth Development Bank
		Woori Finance Myanmar Co., Ltd.
		Woori Bank (Cambodia) PLC.
		Woori Bank Europe Gmbh
		Tutu Finance-WCI Myanmar Co., Ltd.
		WFBS Financial Stability Private Equity Fund No.1
		Woori Venture Partners US, Inc.
		KTBN GI Private Equity Fund
		Arden Woori Apparel 1st Private Equity Fund
		Woori Dino 1st Private Equity Fund
		Green ESG Growth No.1 Private Equity Fund
		Woori Corporate Turnaround No.1 Private Equity Fund
		NH Woori Dino Co-Investment No.2 Private Equity Fund
		Woori Eugene Energy Link Private Equity Fund

Note 1) Includes first-tier and second-tier subsidiaries under the Financial Holding Company Act

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1) Including group company shares 34.67%

2) Including group company shares 36.15%

3) Including group company shares 7.86%

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2. Capital Structure (Changes in Capital)

This section has been omitted for half-year business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 18, 2025 under the title “Summary of 2024 Business Report.”

3. Total Number of Authorized Shares

As of June 30, 2025 (unit: shares)  

Items		Type								Notes
		Common Shares				Total
Number of authorized shares			4,000,000,000				4,000,000,000			—
Number of issued shares			760,535,260				760,535,260			—
Number of decreased shares			17,943,759				17,943,759			Cancellation of Treasury Shares Note 1)
Number of treasury shares			8,562,964				8,562,964			Note 2), Note 3)
Number of outstanding shares			734,028,537				734,028,537			—

Note 1) Cancellation of treasury shares : 8,585,799 shares in October 2023, 9,357,960 shares in March 2024

Note 2) Including 53,945 shares acquired through the issuance of fractional shares (2 shares acquired from the partial replacement of physical stock certificates in 2019, 2,322 new fractional shares were added in August 2021 due to the comprehensive stock exchange between Woori Financial Group and Woori Financial Capital, 51,621 shares from comprehensive stock exchange between Woori Financial Group and Woori Investment Bank and between Woori Financial Group and Woori Venture Partners in August 2023)

Note 3) Including the acquisition of 8,509,019 shares under a share buyback program via a trust agreement for the first half of 2025 (based on the shareholders’ register as of June 30, 2025). The purchase of 8,515,181 shares, equivalent to the trust agreement amount of KRW 150 billion, was completed as of June 30, 2025.

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II. Business Overview

1. Results of Operations

(unit: billions of Won)  

Type		2025 1H				2024				2023
Operating income			1,978				4,255				3,499
Net non-operating income (expense)			73				(32	)			18
Income before income tax			2,051				4,223				3,517
Income tax expense (-)			457				1,051				891
Net income			1,594				3,171				2,627
Controlling Interest			1,552				3,086				2,506
Non-controlling Interest			42				85				121

Note 1) Based on K-IFRS consolidated financial statements

2. Funding Sources and Uses of Funds

a. Sources of Funds

For the periods indicated other than as noted below (units: millions of Won, %)  

Classification		Funding Source				2025 1H												2024												2023
						Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion
Source			Deposits				357,628,895				2.54				68.82				351,584,810				2.88				69.89				324,824,465				2.83				68.98
			Borrowings				26,688,773				3.52				5.14				28,000,803				4.09				5.57				28,052,983				4.02				5.96
			Debentures				48,108,890				3.72				9.26				43,989,333				4.00				8.74				42,458,653				3.55				9.02
			Others				51,524,199				—				9.91				44,591,752				—				8.86				42,829,998				—				9.09
Total Liabilities							483,950,757				—				93.13				468,166,698				—				93.06				438,166,099				—				93.05
Total Equity							35,711,263				—				6.87				34,913,425				—				6.94				32,708,219				—				6.95
Total Liabilities & Equity							519,662,020				—				100.00				503,080,123				—				100.00				470,874,318				—				100.00

Note 1) Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each quarter

Note 2) Based on K-IFRS consolidated financial statements

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b. Use of Funds

For the periods indicated other than as noted below (units: millions of Won, %)  

Type		Managed Item		2025 1H												2024												2023
				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion
Use		Cash & Due from Banks			18,078,561				3.20				3.48				18,441,851				3.38				3.67				16,692,268				3.26				3.54
		Marketable securities			78,200,671				3.53				15.05				76,997,821				3.53				15.31				75,522,522				3.61				16.04
		Loans			365,864,908				4.59				70.40				360,802,414				4.93				71.72				334,205,508				5.08				70.98
		Loans in local currency			314,462,020				4.28				60.51				309,771,603				4.65				61.58				287,312,990				4.84				61.02
		Loans in foreign currency			35,617,724				6.02				6.85				34,224,957				6.58				6.80				31,215,114				6.64				6.63
		Guarantee payments			11,154				1.88				0.00				11,571				1.96				0.00				14,567				2.28				0.00
		Credit card receivables			12,214,514				7.96				2.35				12,224,048				7.33				2.43				11,215,186				6.85				2.38
		Foreign bills bought			3,559,496				5.54				0.69				4,570,235				5.58				0.91				4,447,651				5.33				0.95
		Bad debt expense in local currency			3,429,878				—				0.66				3,198,795				—				0.65				2,609,403				—				0.55
		Others			60,947,758				—				11.73				50,036,832				—				9.95				47,063,423				—				9.99
Total Assets					519,662,020				—				100.00				503,080,123				—				100.00				470,874,318				—				100.00

Note 1) Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each quarter

Note 2) Based on K-IFRS consolidated financial statements

3. Other Information Necessary for Making Investment Decisions

a. Capital Adequacy Ratios

Group BIS Capital Adequacy Ratios

As of the end of the period indicated (units: billions of Won, % )  

Type		2025 1H				2024				2023
Equity capital (A)			36,850				36,928				34,756
Risk weighted assets (B)			229,464				235,100				219,792
BIS(Capital adequacy) ratio (A/B)			16.06				15.71				15.81

Note 1) BIS (Bank for International Settlements) Capital Adequacy Ratios = Equity capital / Risk weighted assets * 100

Note 2) 2025 1H figures are preliminary and are subject to change

Note 3) Based on K-IFRS consolidated financial statements and Basel III standards

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Capital Adequacy Ratios for Significant Subsidiaries and Consolidated Companies

As of the end of the periods indicated (units: hundreds of millions of Won, % )  

Name of Company		Type				2025 1H				2024				2023
Woori Bank Note2)		BIS capital adequacy ratio Note1)		Equity capital (A)			315,757				304,302				282,379
				Risk weighted assets (B)			1,860,358				1,920,087				1,760,737
				Capital adequacy ratio (A/B)			16.97				15.85				16.04
Woori Card Note3)		Adjusted capital ratio					18.72				17.70				16.03
		Tangible common equity ratio					12.85				12.37				10.97
Woori Financial Capital Note3)		Adjusted capital ratio					15.28				15.09				14.35
		Tangible common equity ratio					12.43				11.83				11.48
Woori Investment Securities Note4)		Net capital ratio					1,231.78				2,098.64				—
		Debt-to-asset ratio					117.00				119.41				—
Woori Asset Trust Note5)		Operating capital ratio					8,498.36				4,057.29				1,284.26
Woori Asset Management Note3)		Minimum operating capital ratio					693.22				739.31				650.26
Woori Venture Partners Note6)		Tangible common equity ratio					92.46				95.70				90.82
Woori Savings Bank Note7)		BIS capital adequacy ratio Note1)					17.27				16.37				13.21
Woori Private Equity Asset Management Note3)		Minimum operating capital ratio					8,288.46				8,161.97				8,618.79

Note 1) BIS (Bank for International Settlements) Capital Adequacy Ratio : Equity capital / Risk weighted assets * 100

Note 2) Figures for Woori Bank are based on K-IFRS consolidated financial statements and Basel III standards. 2025 1H figures are estimates only and are subject to change

Note 3) Figures for Woori Card, Woori Financial Capital, Woori Asset Management and Woori Private Equity Asset Management are based on the applicable standards for business reports submitted to the Financial Supervisory Service and their respective K-IFRS separate financial statements

Note 4) Figures for Woori Investment Securities (established in August 2024) are calculated as follows:

- Net capital ratio: (net operating capital – total risk amount)/required maintenance capital x 100

: based on the applicable standards for business reports submitted to the Financial Supervisory Service

- Debt-to-asset ratio: (actual assets)/(actual liability) x 100

: based on K-IFRS separate financial statements

Note 5) Woori Asset Trust’s operating capital ratio = (net operating capital – subordinated debt, etc.)/(total risk amount) x 100

: based on K-IFRS separate financial statements

Note 6) Figures for Woori Venture Partners are based on K-IFRS consolidated financial statements

Note 7) Figures for Woori Savings Bank are based on K-GAAP

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b. Liquidity Ratios

Won Liquidity Ratios

As of the end of the periods indicated (units: millions of Won, % )  

Type		2025 1H												2024												2023
		Won Liquidity Assets				Won Liquidity Liabilities				Won Liquidity Ratio				Won Liquidity Assets				Won Liquidity Liabilities				Won Liquidity Ratio				Won Liquidity Assets				Won Liquidity Liabilities				Won Liquidity Ratio
Woori Financial Group Note 1)			1,660,705				165,466				1,003.7				353,835				10,905				3,244.7				111,895				8,155				1,372.1
Woori Card Note 2)			8,433,405				2,281,217				369.7				8,722,587				2,785,182				313.2				9,119,265				2,454,480				371.5
Woori Financial Capital Note 2)			1,681,007				1,326,181				126.8				1,850,758				1,317,695				140.5				1,919,083				1,245,067				154.1
Woori Investment Securities Note 2)			6,010,146				3,456,542				173.9				4,982,461				2,660,153				187.3				4,032,290				1,926,080				209.4
Woori Asset Trust Note 2)			149,910				7,621				1,967.0				258,758				9,311				2,779.2				171,860				18,555				926.2
Woori Savings Bank Note 2), Note 3)			317,703				195,354				162.6				344,437				216,143				159.4				434,495				231,003				188.1
Woori Venture Partners Note 2)			119,745				13,830				865.8				136,198				6,877				1,980.4				103,367				7,210				1,433.6
Woori Private Equity Asset Management Note 2)			24,689				2,024				1,219.6				16,011				2,912				549.8				27,506				2,396				1,147.8

Note 1) Based on current assets and liabilities within one month of maturity

Note 2) Based on current assets and liabilities within 90 days of maturity

Note 3) Based on K-GAAP

Foreign Currency (FC) Liquidity Ratios

As of the end of the periods indicated (units: millions of Won, % )  

Type		2025 1H												2024												2023
		FC Liquidity Assets				FC Liquidity Liabilities				FC Liquidity Ratio				FC Liquidity Assets				FC Liquidity Liabilities				FC Liquidity Ratio				FC Liquidity Assets				FC Liquidity Liabilities				FC Liquidity Ratio
Woori Investment Securities Note 1)			2,449				285				859.71				2,581				2,146				120.24				9,450				7,362				128.36

Note 1) Based on current assets and liabilities within three months of maturity

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Liquidity Coverage Ratios (LCR)

(units: % )  

Name of Company		Type		2025 1H				2024				2023
Woori Bank		Liquidity coverage ratio Note 1)			107.24				104.79				101.26
		Foreign currency liquidity coverage ratio Note 2)			147.48				184.29				162.75
		Ratio of business purpose premises and equipment			9.25				9.95				10.20

Note 1) LCR: Average of daily ratios during a quarter (same as the calculation method used for business disclosure)

- The applicable LCR requirements were 100%, 97.5% and 95% as of June 30, 2025, December 31, 2024 and December 31, 2023, respectively

Note 2) Foreign currency LCR: ratio calculated based on averages of the amount of each category (same as the calculation method used for business disclosure)

- The applicable foreign currency LCR requirement was 80%.

Note 3) The applicable periods for LCR and foreign currency LCR are: 2Q 2025, 4Q 2024, and 4Q 2023

c. Profitability Ratios Note1), Note2)

(units: % )

Type		2025 1H								2024								2023
		ROA				ROE				ROA				ROE				ROA				ROE
Woori Financial Group
Including non-controlling interests			0.60				9.38				0.61				9.60				0.54				8.65
Excluding non-controlling interests			0.58				9.13				0.60				9.34				0.52				8.25

Note 1) Total assets and total equity : simple average of the starting balance for the fiscal year and the ending balance of each quarter

Note 2) On an annualized basis, based on the applicable standards for business reports submitted to the Financial Supervisory Service

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d. Asset Quality

Group Asset Quality

(units: billions of Won, % )  

Type		2025 1H				2024				2023
Total loans			383,989				390,066				365,780
Substandard and below loans			2,708				2,211				1,357
Substandard and below loans ratio			0.71				0.57				0.37
Non-Performing Loans (“NPL”)			2,332				1,786				1,299
NPL ratio			0.61				0.46				0.36
Substandard and below coverage ratio (A/B)			127.0				153.0				220.1
Loan loss reserve (A)			3,438				3,382				2,986
Substandard and below loans (B)			2,708				2,211				1,357

Note 1) Based on the applicable standards for financial holding company business reports submitted to the Financial Supervisory Service

Note 2) The figures for 2025 1H are preliminary.

Asset Quality for Significant Subsidiaries and Consolidated Companies Note1)

(units: % )  

Type		2025 1H												2024												2023
		Substandard and below ratio				NPL ratio				Substandard and below coverage ratio				Substandard and below ratio				NPL ratio				Substandard and below coverage ratio				Substandard and below ratio				NPL ratio				Substandard and below coverage ratio
Woori Bank			0.32				0.27				179.87				0.23				0.19				247.44				0.18				0.17				320.84
Woori Card			1.39				—				104.53				1.07				—				105.46				0.97				—				104.92
Woori Financial Capital			2.39				—				96.59				1.91				—				134.18				2.37				—				113.21
Woori Investment Securities Note 2)			8.28				—				68.76				7.29				—				84.37				0.55				—				578.29
Woori Asset Trust			84.08				—				—				77.68				—				—				32.11				—				—
Woori Savings Bank Note 3)			8.10				—				75.38				9.82				—				77.43				3.53				—				101.66

Note 1) Based on the applicable standards for business reports submitted to the Financial Supervisory Service

Note 2) Numbers for 2023 reflect those of Woori Investment Bank. Woori Investment Securities was established in August 2024, following the merger of Korea Foss Securities and Woori Investment Bank.

Note 3) Based on K-GAAP

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III. Financial Information

1. Condensed Financial Statements (Consolidated)

Summary Consolidated Statement of Financial Position

(The Company and its consolidated subsidiaries, as of the end of the periods indicated) (unit: millions of Won)  

Classification		2025 1H				2024				2023
ASSETS
Cash and cash equivalents			30,008,499				27,281,123				30,556,618
Financial assets at fair value through profit or loss (“FVTPL”)			20,919,935				25,202,672				21,544,756
Financial assets at fair value through other comprehensive income			39,407,940				43,797,745				37,891,495
Securities at amortized cost			18,762,707				19,203,177				23,996,172
Loans and other financial assets at amortized cost			413,452,761				398,471,816				373,148,148
Investments in joint ventures and associates			1,776,364				1,748,810				1,795,370
Investment properties			425,820				450,788				472,768
Premises and equipment			3,294,863				3,370,585				3,176,759
Intangible assets and goodwill			1,066,480				1,091,402				996,842
Assets held for sale			188,764				73,989				20,345
Net defined benefit asset			2,626				146,109				240,260
Current tax assets			43,745				61,613				203,542
Deferred tax assets			53,720				72,937				93,366
Derivative assets (designated for hedging)			121,375				175,191				26,708
Other assets			4,587,177				4,605,363				3,841,787
Total assets			534,112,776				525,753,320				498,004,936
LIABILITIES
Financial liabilities at FVTPL			5,088,263				9,896,597				6,138,313
Deposits due to customers			369,477,799				366,821,156				357,784,297
Borrowings			31,418,274				30,117,031				30,986,746
Debentures			49,166,841				48,207,103				41,239,245
Provisions			620,545				611,428				806,031
Net defined benefit liability			25,284				5,424				6,939
Current tax liabilities			604,383				127,126				103,655
Deferred tax liabilities			550,179				858,822				470,311
Derivative liabilities (designated for hedging)			75,869				102,815				153,007
Other financial liabilities			40,613,948				32,314,051				26,115,005
Other liabilities			755,873				796,498				803,897
Total liabilities			498,397,258				489,858,051				464,607,446
EQUITY
Owners’ equity:			34,175,486				34,096,836				31,666,881

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Classification		2025 1H				2024				2023
Capital stock			3,802,676				3,802,676				3,802,676
Hybrid securities			3,510,947				3,810,435				3,611,129
Capital surplus			934,351				934,100				935,563
Other equity			(1,806,515	)			(1,400,885	)			(1,668,957	)
Retained earnings			27,734,027				26,950,510				24,986,470
Non-controlling interests			1,540,032				1,798,433				1,730,609
Total equity			35,715,518				35,895,269				33,397,490
Total liabilities and equity			534,112,776				525,753,320				498,004,936
Number of consolidated subsidiaries (excluding holding company)			183				188				179

Summary Consolidated Statement of Comprehensive Income

(The Company and its consolidated subsidiaries, for the periods indicated) (unit: millions of Won, except per share amounts)  

Classification		2025 1H				2024 1H				2024				2023
Operating income			1,977,714				2,404,009				4,255,190				3,499,029
Net interest income			4,513,808				4,395,099				8,886,336				8,742,540
Net fees and commissions income			1,033,752				1,058,166				2,086,170				1,720,481
Dividend income			142,433				152,738				310,320				240,293
Net gain or loss on financial instruments at FVTPL			(122,936	)			902,118				1,492,783				488,486
Net gain or loss on financial assets at FVTOCI			80,823				38,515				96,620				(37,641	)
Net gain or loss arising on financial assets at amortized cost			53,151				165,645				286,885				203,942
Impairment losses due to credit loss			(943,310	)			(775,492	)			(1,716,295	)			(1,894,916	)
General and administrative expenses			(2,479,086	)			(2,100,987	)			(4,468,973	)			(4,443,433	)
Other net operating expenses			(300,921	)			(1,431,793	)			(2,718,656	)			(1,520,723	)
Non-operating income (expense)			73,366				(13,150	)			(32,343	)			18,424
Net income before income tax expense			2,051,080				2,390,859				4,222,847				3,517,453
Income tax expense			(456,781	)			(590,439	)			(1,051,378	)			(890,559	)
Net income			1,594,299				1,800,420				3,171,469				2,626,894
Net income attributable to owners			1,552,019				1,755,496				3,085,995				2,506,296
Net income attributable to the non-controlling interests			42,280				44,924				85,474				120,598
Other comprehensive income (loss), net of tax			(319,744	)			66,598				382,719				663,537
Items that will not be reclassified to profit or loss			(69,441	)			(136,151	)			(200,341	)			122,334

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Classification		2025 1H				2024 1H				2024				2023
Items that may be reclassified to profit or loss			(250,303	)			202,749				583,060				541,203
Total comprehensive income			1,274,555				1,867,018				3,554,188				3,290,431
Comprehensive income attributable to the owners			1,244,502				1,819,493				3,454,620				3,164,464
Comprehensive income attributable to non-controlling interests			30,053				47,525				99,568				125,967
Net income per share:
Basic and diluted income per share (in Korean Won)			2,006				2,262				3,950				3,230

2. Condensed Financial Statements (Separate)

Summary Statement of Financial Position

(The Company, as of the end of the periods indicated) (unit: millions of Won)  

Classification		2025 1H				2024				2023
ASSETS
Cash and cash equivalents			1,689,577				1,185,912				289,507
Financial assets at fair value through other comprehensive income			563,013				553,518				539,709
Loans and other financial assets at amortized cost			903,217				204,431				1,104,815
Investments in subsidiaries			24,206,017				24,206,017				23,670,476
Premises and equipment			3,898				5,304				6,609
Intangible assets			3,317				3,308				4,052
Net defined benefit asset			—				1,378				3,941
Current tax assets			28,833				33,120				158,951
Deferred tax assets			2,055				4,379				7,478
Other assets			155,622				155,670				484
Total assets			27,555,549				26,353,037				25,786,022
LIABILITIES
Debentures			2,537,302				2,037,567				1,587,659
Provisions			1,869				1,252				1,227
Net defined benefit liability			967				—				—
Current tax liabilities			568,838				84,701				32,125
Other financial liabilities			83,188				76,382				163,621
Other liabilities			356				404				392
Total liabilities			3,192,520				2,200,306				1,785,024

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Classification		2025 1H				2024				2023
EQUITY
Capital stock			3,802,676				3,802,676				3,802,676
Hybrid securities			3,510,737				3,810,225				3,610,953
Capital surplus			8,120,236				11,120,236				11,120,236
Other equity			(144,569	)			(1,189	)			(7,871	)
Retained Earnings			9,073,949				5,420,783				5,475,004
Total equity			24,363,029				24,152,731				24,000,998
Total liabilities and equity			27,555,549				26,353,037				25,786,022

Summary Statement of Comprehensive Income

(The Company, for the periods indicated) (unit: millions of Won, except per share amounts)  

Classification		2025 1H				2024 1H				2024				2023
Operating income:			1,368,995				1,158,218				1,123,301				1,424,670
Net interest income (expense)			(13,394	)			6,181				2,128				27,495
Interest income			21,628				28,748				51,778				64,592
Interest expense			(35,022	)			(22,567	)			(49,650	)			(37,097	)
Net fees and commissions loss			(12,766	)			(8,848	)			(20,319	)			(20,097	)
Fees and commissions income			876				813				1,625				1,625
Fees and commissions expense			(13,642	)			(9,661	)			(21,944	)			(21,722	)
Dividend income			1,435,418				1,195,721				1,208,522				1,482,956
Net gain or loss on financial instruments at FVTPL			—				—				—				2,023
Reversal of (Provisions for) impairment losses due to credit loss			(115	)			(442	)			608				(348	)
General and administrative expenses			(40,148	)			(34,394	)			(67,638	)			(67,359	)
Non-operating income (expense)			13				(63	)			(147	)			(1,043	)
Net income before income tax expense			1,369,008				1,158,155				1,123,154				1,423,627
Income tax benefit (expense)			(212	)			(658	)			178				881
Net income			1,368,796				1,157,497				1,123,332				1,424,508
Other comprehensive income, net of tax			5,887				3,025				9,138				18,916
Items that will not be reclassified to profit or loss			5,887				3,025				9,138				18,916
Net gain on valuation of equity securities at FVTOCI			6,988				4,008				10,164				19,789
Remeasurement of the net defined benefit liability			(1,101	)			(983	)			(1,026	)			(873	)
Total comprehensive income			1,374,683				1,160,522				1,132,470				1,443,424
Net income per share:
Basic and diluted income per share (in Korean Won)			1,749				1,450				1,296				1,754

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3. Dividend Information

Items				2025 1H				2024				2023
Par value per share (Won)					5,000				5,000				5,000
Net profit (Millions of Won)					1,552,019				3,085,995				2,506,296
Earnings per share (Won)					2,006				3,950				3,230
Total cash dividends (Millions of Won)					294,232				891,045				747,302
Total stock dividends (Millions of Won)					—				—				—
Cash dividend payout ratio (%)					18.96				28.87				29.82
Cash dividend yield (%)		Common Shares			1.6				6.9				6.7
		Preferred Shares			—				—				—
Stock dividend yield (%)		Common Shares			—				—				—
		Preferred Shares			—				—				—
Cash dividend per share (Won)		Common Shares			400				1,200				1,000
		Preferred Shares			—				—				—
Stock dividend per share (Share)		Common Shares			—				—				—
		Preferred Shares			—				—				—

Note 1) The dividends for the first half of 2025 include quarterly dividends of KRW 147,428 million (KRW 200 per share) for the first quarter and KRW 146,804 million (KRW 200 per share) for the second quarter. The dividends for the second quarter of 2025 were determined through a board resolution on July 25, 2025.

Note 2) The dividends for FY2024 include quarterly dividends of KRW 133,657 million (KRW 180 per share) for the first quarter, KRW 133,657 million (KRW 180 per share) for the second quarter, and KRW 133,657 million (KRW 180 per share) for the third quarter

Note 3) The dividends for FY2023 include interim dividends of KRW 130,748 million (KRW 180 per share) for the second quarter, and KRW 135,341 million (KRW 180 per share) for the third quarter

Note 4) The cash dividend yield for the first half of 2025 is calculated as the percentage of cash dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the trading day before the date the dividend amount is determined. The percentage is rounded to the first decimal place.

Note 5) The cash dividend yields for FY2023 and FY2024 are calculated as the percentage of cash dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the date that is two trading days before the record date. The percentage is rounded to the first decimal place.

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IV. Independent Auditor’s Opinion

1. Independent Auditor’s Opinion

		2025 1H		2024		2023
Auditor		KPMG Samjong Accounting Corp.		KPMG Samjong Accounting Corp.		KPMG Samjong Accounting Corp.
Auditor’s Opinion		Note 1)		Note 2)		Note 3)

Note 1) In its review report attached to this report, KPMG Samjong Accounting Corp. has stated that nothing had come to their attention that caused them to believe that the accompanying consolidated and separate interim financial statements of Woori Financial Group are not presented fairly in all material respects, in accordance with Korean IFRS.

Note 2) In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented fairly, in all material respects, in accordance with Korean IFRS.

Note 3) In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented fairly, in all material respects, in accordance with Korean IFRS.

2. Compensation to the Independent Auditor

a. Audit Services

Term

Auditor

Description

Contractual

Actual

Fee

Time

Fee

Time

2025 1H

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review Closing audit (including internal accounting management system)

KRW 1,065 million

10,009 hours

KRW 360 million

3,904 hours

2024

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review Closing audit (including internal accounting management system)

KRW 1,037 million

9,930 hours

KRW 1,037 million

9,937 hours

2023

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review Closing audit (including internal accounting management system)

KRW 964 million

9,380 hours

KRW 964 million

9,613 hours

Note 1) Fee excludes VAT

Note 2) Time includes planning time up until the commencement of the applicable services

b. Other Audit Services

Not Applicable

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c. Current Status of Audit Service Agreements with the Independent Auditor Relating to U.S. Listing

Term		Auditor		Description		Fee
2025 1H		KPMG Samjong Accounting Corp.		U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2025)		KRW 2,028 million
2024		KPMG Samjong Accounting Corp.		U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2024)		KRW 2,015 million
2023		KPMG Samjong Accounting Corp.		U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2023)		KRW 1,891 million

Note 1) Fee excludes VAT

d. Non-Audit Services

Term		Date of Execution of Agreement		Description of Service		Service Term		Fees
2025 1H		April 9, 2025		Tax adjustment (including review relating to application of consolidated tax)		April 9, 2025 ~ June 1, 2026		KRW 76 million
2024		March 31, 2024		Tax adjustment (including review relating to application of consolidated tax)		April 1, 2024 ~ June 2, 2025		KRW 68 million
2023		March 31, 2023		Tax adjustment (including review relating to application of consolidated tax)		April 1, 2023 ~ May 31, 2024		KRW 64 million

Note 1) Fee excludes VAT

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V. Corporate Governance

1. About the Board of Directors

a. Composition of the Board of Directors

As of June 30, 2025, our board of directors consisted of eight directors in total, including seven independent directors and one standing director.

On March 26, 2025, at the annual general meeting of shareholders, five independent directors were appointed.

- New independent directors (4): Choon-Soo Kim, Young-Hoon Kim, Kang-Haeng Lee, Yeong-Seop Rhee / Reappointed independent director (1): In-Sub Yoon

On March 26, 2025, four (4) independent directors completed their terms: Chan-Hyoung Chung, Su-Young Yun, Yo-Hwan Shin, Sung-Bae Ji

The board of directors operates a total of seven standing committees: Audit Committee, Risk Management Committee, Compensation Committee, Officer Candidate Recommendation Committee, Ethics and Internal Control Committee, Subsidiary Representative Director Candidate Recommendation Committee, ESG Management Committee.

At the 4th Board Meeting held on March 26, 2025, the independent director In-Sub Yoon was appointed as the Chairman of the Board. Having served for more than three years since our establishment, he possesses a deep understanding of our organizational culture and management issues. Throughout his tenure as Chairman of the Risk Management Committee (March 25, 2022 – March 26, 2025), he has faithfully carried out his oversight duties over sound management.

As a former CEO with hands-on experience in the financial industry, he is expected to contribute significantly to our development by offering practical and well-balanced insights. In recognition of his expertise and leadership, he was reappointed as Chairman of the Board of Woori Financial Group with the unanimous consent of all board members. The Chairman of the Board does not concurrently hold the position of CEO.

b. Committees under the Board of Directors

We currently have the following committees serving under the board of directors:

(a) Audit Committee

(b) Risk Management Committee

(c) Compensation Committee

(d) Officer Candidate Recommendation Committee

(e) Ethics and Internal Control Committee

(f) Subsidiary Representative Director Candidate Recommendation Committee

(g) ESG Management Committee

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(As of June 30, 2025)

Name of Committee		Composition		Names of Members
Audit Committee		Four independent directors		(Chair) Yeong-Seop Rhee (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director)
Risk Management Committee		Four independent directors		(Chair) Sun-Young Park (independent director) In-Sub Yoon (independent director) Yeong-Seop Rhee (independent director) Eun-Ju Lee (independent director)
Compensation Committee		Four independent directors		(Chair) Young-Hoon Kim (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Kang-Haeng Lee (independent director)
Officer Candidate Recommendation Committee		Seven independent directors		(Chair) Kang-Haeng Lee (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Yeong-Seop Rhee (independent director) Eun-Ju Lee (independent director) Sun-Young Park (independent director)
Ethics and Internal Control Committee		Five independent directors		(Chair) Choon-Soo Kim (independent director) In-Sub Yoon (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director) Yeong-Seop Rhee (independent director)
Subsidiary Representative Director Candidate Recommendation Committee		Seven independent directors One standing director		(Chair) Jong-Yong Yim (standing director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director) Yeong-Seop Rhee (independent director) Eun-Ju Lee (independent director) Sun-Young Park (independent director)

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Name of Committee		Composition		Names of Members
ESG Management Committee		Seven independent directors One standing director		(Chair) Eun-Ju Lee (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director) Yeong-Seop Rhee (independent director) Sun-Young Park (independent director) Jong-Yong Yim (standing director)

2. Shareholder’s Meeting

a. Voting Rights

(unit: shares, as of June 30, 2025)  

Items				Number of shares				Notes
Number of issued shares		Common Shares			742,591,501				—
		Preferred Shares			—				—
Number of shares without voting rights		Common Shares			11,591,359				Note 1	)
		Preferred Shares			—				—
Number of shares for which voting rights are excluded pursuant to the articles of incorporation		Common Shares			—				—
		Preferred Shares			—				—
Number of shares for which voting rights are limited by law		Common Shares			—				—
		Preferred Shares			—				—
Number of shares for which voting rights have been restored		Common Shares			—				—
		Preferred Shares			—				—
Number of shares for which voting rights may be exercised		Common Shares			731,000,142				—
		Preferred Shares			—				—

Note 1) Treasury shares acquired from the issuance of fractional shares and a buyback program via a trust agreement (Feb. 7,2025) and shares in mutual ownership (pursuant to Article 369 of the Commercial Code)

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b. Summary of the Shareholder’s Meeting Minutes

		Agenda		Result
Annual General Meeting of Shareholders for FY2022 (March 24, 2023)		1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for the fiscal year 2022 (Jan. 1, 2022 – Dec. 31, 2022)		Approved as submitted
		2. Approval of amendments to the Articles of Incorporation		Approved as submitted
		3. Election of directors (2 independent directors, 1 standing director) - 3-1 Candidate for independent director : Chan-Hyoung Chung - 3-2 Candidate for independent director : Su-Young Yun - 3-3 Candidate for standing director : Jong-Yong Yim		Approved as submitted
		4. Election of independent director who will serve as an Audit Committee Member - Candidate for independent director who will serve as an Audit Committee Member : Sung-Bae Ji		Approved as submitted
		5. Election of Audit Committee Members who are independent directors - 5-1 Candidate for Audit Committee Member who is an Independent director : Chan-Hyoung Chung - 5-2 Candidate for Audit Committee Member who is an Independent director : Su-Young Yun - 5-3 Candidate for Audit Committee Member who is an Independent director : Yo-Hwan Shin		Approved as submitted
		6. Approval of maximum limit on directors’ compensation		Approved as submitted
Annual General Meeting of Shareholders for FY2023 (March 22, 2024)		1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for the fiscal year 2023 (Jan. 1, 2023 – Dec. 31, 2023)		Approved as submitted
		2. Election of directors (5 independent directors) - 2-1 Candidate for independent director : Chan-Hyoung Chung - 2-2 Candidate for independent director : In-Sub Yoon - 2-3 Candidate for independent director : Yo-Hwan Shin - 2-4 Candidate for independent director : Eun-Ju Lee - 2-5 Candidate for independent director : Sunyoung Park		Approved as submitted
		3. Election of Audit Committee members who are independent directors (2 independent directors) - 3-1 Candidate for Audit Committee member who is an independent director : Chan-Hyoung Chung - 3-2 Candidate for Audit Committee member who is an independent director : Yo-Hwan Shin		Approved as submitted
		4. Approval of the maximum limit on directors’ compensation		Approved as submitted

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Annual General Meeting of Shareholders for FY2024 (March 26, 2025)		1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for fiscal year 2024 (Jan. 1, 2024 – Dec. 31, 2025)		Approved as submitted
		2. Approval of amendments to the Articles of Incorporation		Approved as submitted
		3. Approval of reductions to the capital reserve		Approved as submitted
		4. Election of directors (4 independent directors) - 4-1 Candidate for independent director : Choon-Soo Kim - 4-2 Candidate for independent director : Young-Hoon Kim - 4-3 Candidate for independent director : Kang-Haeng Lee - 4-4 Candidate for independent director : In-Sub Yoon		Approved as submitted
		5. Election of independent director who will serve as an audit committee member - Candidate for independent director who will serve as an audit committee member : Yeong-Seop Rhee		Approved as submitted
		6. Election of audit committee members who are independent directors (3 independent directors) - 6-1 Candidate for audit committee member who is an independent director : Choon-Soo Kim - 6-2 Candidate for audit committee member who is an independent director : Young-Hoon Kim - 6-3 Candidate for audit committee member who is an independent director : Kang-Haeng Lee		Approved as submitted
		7. Approval of the maximum limit on directors’ compensation		Approved as submitted

VI. Shareholder Information

1. Share Distribution

a. Share Information of the Largest Shareholder and Specially Related Parties

As of June 30, 2025 (units: shares, %)  

Name		Relation		Type				Shares Held																Notes
								Beginning balance								Ending balance
								Number				Share				Number				Share
Employee Stock Ownership Association of Woori Financial Group		The largest shareholder			Common				44,474,301				5.99				43,161,084				5.81				—
Employee Stock Ownership Association of Woori Bank		Specially related party of the largest shareholder			Common				19,106,955				2.57				16,269,022				2.19				—
Total					Common				63,581,256				8.56				59,430,106				8.00				—
					Others				—				—				—				—				—

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b. Changes in the largest shareholder

As of June 30, 2025 (units: shares, %)  

Change of Date		Largest Shareholder		Number Held		Share		Notes
December 9, 2021		Employee Stock Ownership Association of Woori Financial Group and 1 other		71,346,178		9.80		Bought 1.00% of the KDIC’s remaining shares of Woori Financial Group (8.80% share already held) Note 1)

Note 1) Refer to the prior disclosure on the Form 6-K on December 10, 2021, Changes in the Largest Shareholder

c. Share Ownership of More Than 5%

As of June 30, 2025 (units: shares, %)  

Name

Shares

Notes

No. of shares

Percentage of shareholding

Share ownership of more than 5%

National Pension Service

48,740,895

6.56

—

Blackrock Fund Advisors

45,100,755

6.07

Note 1)

Employee Stock Ownership Association

59,430,106

8.00

The largest shareholder Note 2)

Note 1) Based on the report on the status of large-scale stock holdings dated June 10, 2024

Note 2) Total shares of the employee stock ownership association of Woori Financial Group and Woori Bank

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2. Stock Price and Stock Market Performance

a. Domestic Stock Market

(units: Won, shares)  

Period				January 2025				February 2025				March 2025				April 2025				May 2025				June 2025
Common Shares		High			16,100				17,420				16,930				17,710				19,270				22,550
		Low			15,260				15,390				15,970				15,370				17,620				18,890
		Average			15,549				16,679				16,420				16,579				18,103				21,068
Monthly Trade Volume		High			2,647,462				6,554,417				2,703,757				2,783,375				6,892,555				6,099,578
		Low			894,957				1,210,976				797,302				924,766				766,082				1,930,722
		Monthly Total			27,587,321				48,069,347				32,659,261				38,691,297				35,843,364				62,087,483

Note 1) Source: KRX KOSPI Market

Note 2) Share prices are based on closing prices.

b. Foreign Stock Market (NYSE)

(units: US Dollars, Won, ADSs)  

Period				January 2025				February 2025				March 2025				April 2025				May 2025				June 2025
ADS		High			33.00				35.80				34.44				37.07				42.16				49.73
		Low			31.09				31.95				32.44				30.46				36.91				41.25
		Average			32.19				34.42				33.60				34.36				38.91				45.68
Won Conversion		High			47,332				51,692				50,520				53,325				57,953				67,454
		Low			45,702				46,423				46,918				44,651				53,095				56,748
		Average			46,863				49,754				48,954				49,626				54,264				62,443
Monthly Trade Volume		High			113,902				96,257				110,931				162,916				143,078				207,857
		Low			29,651				16,407				17,753				43,656				22,784				22,622
		Monthly Total			1,244,324				1,129,672				1,162,245				1,744,900				1,052,855				1,245,715

Note 1) Source of Exchange Rate : Seoul Money Brokerage(www.smbs.biz), Won Conversion is based on standard trading rate (daily and monthly average)

Note 2) One ADS represents three common shares.

Note 3) Share prices are based on closing prices.

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VII. Directors and Employee Information

1. Directors and Executives

As of June 30, 2025

Position

Name

Common Shares Owned

Term Commencement Date

Expiration of Term

Chief Executive Officer

Registered

Jong-Yong Yim

10,000

March 24, 2023

Note 1)

Independent Director

Registered

In-Sub Yoon

—

January 27, 2022

Note 1)

Independent Director

Registered

Choon-Soo Kim

2,800

March 26, 2025

Note 2)

Independent Director

Registered

Young-Hoon Kim

—

March 26, 2025

Note 2)

Independent Director

Registered

Kang-Haeng Lee

7,000

March 26, 2025

Note 2)

Independent Director

Registered

Yeong-Seop Rhee

—

March 26, 2025

Note 2)

Independent Director

Registered

Eun-Ju Lee

—

March 28, 2024

Note 1)

Independent Director

Registered

Sun-Young Park

—

March 26, 2024

Note 1)

Deputy President

Non-Registered

Sung-Wook Lee

16,000

February 25, 2022

December 31, 2025

Deputy President

Non-Registered

Il-Jin Ouk

4,000

December 8, 2023

November 30, 2025

Deputy President

Non-Registered

Jang-Keun Park

2,850

December 8, 2023

March 6, 2027

Deputy President

Non-Registered

Jeong-Soo Lee

6,890

December 8, 2023

December 31, 2025

Deputy President

Non-Registered

Chan-Ho Jeong

7,492

December 8, 2023

November 30, 2025

Deputy President

Non-Registered

Kyu-Hwang Jeong

11,741

December 8, 2023

July 4, 2026

Deputy President

Non-Registered

Hyeon-Gi Jeon

4,789

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Jung-Sup Lee

—

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Je-Seong Park

5,250

December 16, 2024

December 31, 2026

Note 1) The terms of standing director Jong-Yong Yim and independent directors In-Sub Yoon, Eun-Ju Lee, and Sun-Young Park : Until the end of the annual general meeting of shareholders for FY2025.

Note 2) The terms of independent directors Choon-Soo Kim, Young-Hoon Kim, Kang-Haeng Lee, and Yeong-Seop Rhee: Until the end of the annual general meeting of shareholders for FY2026.

Note 3) Term commencement date: date of inauguration for registered officers or directors / date of appointment for non-registered officers or directors

Note 4) Excludes shares held through the Employee Stock Ownership Association, in accordance with the legal interpretation by the Financial Services Commission (FSC).

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2. Employee Status

As of June 30, 2025 (units: persons, millions of Won)  

		Number of Employees																				Average Tenure				Total Compensation				Average Compensation Per Person				Note
		Regular								Contract								Total
		Total				(Short time worker)				Total				(Short time worker)
Total			68				—				37				(1	)			105				3 years 4 months (14 years 3 months	)			10,996				105				—

Note 1) Average tenure: term in ( ) includes tenure at affiliated companies

Note 2) Contract employees include non-registered executives

3. Directors’ Compensation

(units: persons, millions of Won)

Items		Number of Persons				Total Compensation				Average Compensation Per Director				Note
Registered Directors (excludes independent directors and audit committee members)			1				761				761				—
Independent Directors (excludes audit committee members)			3				127				42				—
Audit Committee Members			4				154				38				—
Auditor			—				—				—				—

Note 1) Number of Persons is as of June 30, 2025

Note 2) Total Compensation is the amount paid from January to June 2025

Note 3) Average compensation per director was calculated by dividing the total compensation by the average number of persons

Note 4) Registered directors and audit committee members include uncompensated directors

Note 5) Only the compensation amount paid by Woori Financial Group is included for the executives concurrently employed by Woori Bank

4. Stock-based Compensation

The Company operates a performance-based stock-linked compensation system, pursuant to the standards established by the shareholders at the shareholders’ meeting and the Compensation Committee. The Company initially determines, for each recipient, the maximum share amounts that can be granted under the system, and then determines the final share amounts based on an evaluation of the long-term performance indices over four years (including the current year). The compensation is then paid in cash, based on the final share amount and the share price at the time the compensation is paid. The long-term performance indices include relative shareholder return, common equity ratio, return on equity, profit for the period, cost-to-income ratio, non-performing loan ratio and individual performance evaluations. For further information, please refer to the notes to the financial statements.

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(Unit: shares, except number of recipients)

Items		2025 1H				2024				2023
Number of Recipients			9				13				21
Maximum Amount of Shares			85,734				194,569				160,929
Shares Paid during the Period			161,799				164,164				68,746
(Adjustments)			(21,970	)			(19,554	)			(8,982	)
Cumulative Shares Paid			394,709				232,910				68,746
Unpaid Shares			725,989				824,024				813,173

Note) Number of Recipients: Includes employees who had retired or resigned by the end of the grant year. The total number also accounts for all personnel involved before and after changes such as internal transfers during the grant year

VIII. Internal Controls

1. Management’s Assessment of the Effectiveness of the Internal Accounting Management System

Term		Date of Report		Assessment		Material Deficiencies		Corrective Action Plans
2025 1H		—		—		—		—
2024		To Board: February 28, 2025 To Shareholder Meeting: March 26, 2025		In terms of overall materiality, the internal accounting management system is under effective design and operation.		—		—
2023		To Board: February 29, 2024 To Shareholder Meeting: March 22, 2024		In terms of overall materiality, the internal accounting management system is under effective design and operation.		—		—

Note) The evaluation results are as of the end of each fiscal year, pursuant to Article 8, Paragraph 4 of the Act on External Audit of Stock Companies.

2. Audit Committee’s Assessment of the Effectiveness of the Internal Accounting Management System

Term		Date of Report		Assessment		Material Deficiencies		Corrective Action Plans
2025 1H		—		—		—		—
2024		February 28, 2025		In terms of overall materiality, the internal accounting management system is under effective design and operation.		—		—
2023		February 29, 2024		In terms of overall materiality, the internal accounting management system is under effective design and operation.		—		—

Note) The evaluation results are as of the end of each fiscal year, pursuant to Article 8, Paragraph 5 of the Act on External Audit of Stock Companies.

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3. External Auditor’s Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System

Term		Auditor		Audit or Review		Opinion Type		Issues				Company’s Response Actions
2025 1H		—		—		—			—				—
2024		KPMG Samjong Accounting Corp.		Audit		Unqualified			—				—
2023		KPMG Samjong Accounting Corp.		Audit		Unqualified			—				—

Note) An overall opinion on the audit results as of the end of each fiscal year is included in the audit report, pursuant to Article 8, Paragraphs 6 and 7 of the Act on External Audit of Stock Companies.

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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: August 14, 2025				By:		/s/ Sung-Wook Lee
				(Signature)
				Name:		Sung-Wook Lee
				Title:		Deputy President

33

FAQ

What was Woori Financial Group's consolidated net income for 1H 2025 (WF)?

The consolidated net income for 1H 2025 was KRW 1,594,299 million.

How much did Woori (WF) pay in dividends in 1H 2025 and what was the per-share amount?

Total cash dividends for 1H 2025 were KRW 294,232 million, equivalent to KRW 400 per common share (KRW 200 per quarter).

What were Woori's (WF) capital adequacy metrics in 1H 2025?

Group BIS capital adequacy ratio was 16.06% (preliminary) and Woori Bank's BIS ratio was 16.97%.

How did asset quality change for Woori Financial Group (WF) in 1H 2025?

Total loans were KRW 383,989 billion with an NPL ratio of 0.61% and substandard-and-below loans ratio of 0.71%.

What share buyback activity did Woori (WF) complete by June 30, 2025?

The company completed purchase of 8,515,181 shares under a trust agreement, equivalent to a KRW 150 billion buyback as of June 30, 2025.

Which recent subsidiaries or integrations are noted in the 1H 2025 report for WF?

The report shows incorporation of Tongyang Life Insurance and ABL Life Insurance as subsidiaries on July 1, 2025 and integration of Woori Asset Trust as a wholly-owned subsidiary on July 31, 2025.