Woori Financial (NYSE: WF) weighs Tongyang and ABL Life integration

Rhea-AI Filing Summary

Woori Financial Group Inc. has acknowledged press reports about a potential integration of Tongyang Life Insurance Co., Ltd. and ABL Life Insurance Co., Ltd., and the possible incorporation of Tongyang Life as a wholly owned subsidiary. The group states it is reviewing these options to strengthen its competitiveness in the insurance sector, but emphasizes that no specific decisions have been made as of this report. It plans to provide further disclosure once details are confirmed or within one month from the report date.

Insights

Banking and financial conglomerate analyst

Woori flags early-stage review of an insurance integration but discloses no terms yet.

Woori Financial Group signals it is studying a potential integration of Tongyang Life Insurance and ABL Life Insurance and may make Tongyang Life a wholly owned subsidiary. The stated goal is to enhance competitiveness in the insurance segment.

No transaction structure, pricing, or timetable is included, and the company stresses that no concrete decisions have been reached. This keeps the development firmly at an exploratory stage, without immediate balance sheet or earnings implications based on the available information.

The company commits to update the market either when specific details are confirmed or within one month from the report date. Subsequent disclosures will be needed to assess any capital impact, integration complexity, or strategic benefits if a transaction proceeds.

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 March 2026

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 ☐

Response to Inquiry Relating to Press Reports

Regarding the potential integration of Tongyang Life Insurance Co., Ltd. and ABL Life Insurance Co., Ltd., as well as the proposed incorporation of Tongyang Life Insurance Co., Ltd. as a wholly-owned subsidiary of Woori Financial Group Inc., we are currently reviewing such measures as part of our efforts to strengthen our competitiveness in the insurance sector. However, no specific decisions have been made as of the date of this report.

We plan to provide further disclosure regarding the above matters either upon the confirmation of specific details or within one month from the date of this report.

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: March 17, 2026				By:		/s/ Seong Min Kwak
						(Signature)
				Name:		Seong Min Kwak
				Title:		Deputy President

FAQ

What potential transaction does Woori Financial Group (WF) describe in this report?

Woori Financial Group describes a potential integration of Tongyang Life Insurance and ABL Life Insurance, along with possibly making Tongyang Life a wholly owned subsidiary. These measures are being reviewed to strengthen Woori’s competitiveness in the insurance sector, but remain undecided.

Has Woori Financial Group (WF) made any decisions on Tongyang Life and ABL Life?

No, Woori Financial Group clearly states that no specific decisions have been made regarding the potential integration of Tongyang Life Insurance and ABL Life Insurance or the proposed full ownership of Tongyang Life. The situation remains under review as of the report date.

Why is Woori Financial Group (WF) considering changes involving Tongyang Life and ABL Life?

Woori Financial Group says it is reviewing these measures as part of efforts to strengthen its competitiveness in the insurance sector. Integrating Tongyang Life Insurance and ABL Life Insurance, and potentially making Tongyang Life a wholly owned subsidiary, are options under evaluation.

When will Woori Financial Group (WF) provide further information on the potential integration?

Woori Financial Group plans to provide further disclosure either when specific details of the potential integration and subsidiary structure are confirmed, or within one month from the date of this report. This commitment sets an approximate timetable for the next update.

Does this Woori Financial Group (WF) report confirm an acquisition or restructuring?

The report does not confirm any acquisition or restructuring. It only notes that Woori Financial Group is reviewing a potential integration of Tongyang Life Insurance and ABL Life Insurance, and possible full ownership of Tongyang Life, with no specific decisions yet.