[6-K] WOORI FINANCIAL GROUP INC. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Woori Financial Group reports steady 2025 results with consolidated net income of KRW 3,227,508 million, slightly higher than 2024. Total assets rose to KRW 601,457,286 million and total equity to KRW 37,859,248 million, with a group BIS capital adequacy ratio of 16.12%.

Profitability remained moderate, with ROA of 0.58% and ROE of 9.31% including non-controlling interests. Asset quality was generally sound: total loans reached KRW 399,970 billion and the non‑performing loan ratio was 0.54%, although substandard-and-below coverage declined from prior years.

The group continued to optimize its capital structure, canceling treasury shares in 2023–2025 while keeping paid‑in capital at KRW 3,802,676 million, reducing issued shares to 734,076,320 by year-end 2025. Cash dividends for 2025 totaled KRW 998,468 million, or KRW 1,360 per common share, implying a cash dividend payout ratio of 31.96% and a dividend yield of 4.4%.

The company outlined a multi-tier corporate value enhancement plan, targeting CET1 ratios from 12.5% to at least 13%, total shareholder return bands of roughly 30–50%, expanded buybacks and cancellations, and a goal of sustaining group ROE of at least 10% while increasing non‑bank profit contribution.

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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 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 ☐

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Index

1. Summary of 2025 Business Report

- For the Audit Reports of Woori Financial Group for Fiscal Year 2025, please refer to the exhibits to the Form 6-K furnished to the U.S. Securities and Exchange Commission on March 4, 2026.

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Summary of 2025 Business Report

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I.		INTRODUCTION OF THE COMPANY					5
		1.		Overview of the Company			5
		2.		Capital Structure (Changes in Capital)			11
		3.		Total Number of Authorized Shares			13
II.		BUSINESS OVERVIEW					14
		1.		Results of Operations			14
		2.		Funding Sources and Uses of Funds			14
		3.		Other Information Necessary for Making Investment Decisions			15
III.		FINANCIAL INFORMATION					21
		1.		Condensed Financial Statements (Consolidated)			21
		2.		Condensed Financial Statements (Separate)			24
		3.		Dividend Information			26
IV.		INDEPENDENT AUDITOR’S OPINION					30
		1.		Independent Auditor’s Opinion			30
		2.		Compensation to the Independent Auditor			30
V.		CORPORATE GOVERNANCE					32
		1.		About the Board of Directors			32
		2.		Shareholders’ Meetings			34
VI.		SHAREHOLDER INFORMATION					37
		1.		Share Distribution			37
		2.		Stock Price and Stock Market Performance			38
VII.		DIRECTORS AND EMPLOYEE INFORMATION					39
		1.		Directors and Executives			39
		2.		Employee Status			40
		3.		Directors’ Compensation			40
		4.		Stock-based Compensation			40
VIII.		INTERNAL CONTROLS					42
		1.		Management’s Assessment of the Effectiveness of the Internal Accounting Management System			42
		2.		Audit Committee’s Assessment of the Effectiveness of the Internal Accounting Management System			42
		3.		External Auditor’s Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System			42

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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 the Company
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 the Company 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 the Company 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 the Company
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 the Company (reducing the KDIC’s stake in the Company 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 the Company (reducing the KDIC’s stake in the Company 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 Woori Financial Holdings
March 24, 2023		Jong-Yong Yim appointed as the 9th chairman of the Company (4th annual general meeting of shareholders of the Company)
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 the Company (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 the Ethics and Internal Controls Committee under 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
October 13, 2025		Held the ‘Woori Financial Together Festa’ customer appreciation festival, which was the first integrated promotion in the financial industry
December 18, 2025		Received the Minister of Science and ICT Award in the excellence in adoption category at the ‘2025 Cloud Industry Awards’
January 26, 2026		Launched the first integrated bank and securities wealth management branch

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 December 31, 2025

Type		Name of Company
Listed company (4 companies)		Woori Financial Group
		Tongyang Life Insurance
		PT Bank Woori Saudara Indonesia 1906 Tbk
		PT Woori Finance Indonesia Tbk
Unlisted company (38 companies)		Woori Bank
		Woori Card
		Woori Financial Capital

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Type		Name of Company
		Woori Investment Securities
		ABL Life Insurance
		Woori Asset Trust
		Woori Savings Bank
		Woori Asset Management
		Woori Venture Partners
		Woori Private Equity Asset Management
		Woori Financial F&I Inc.
		Woori Credit Information
		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
		Tongyang Life Insurance Financial Service
		Tutu Finance-WCI Myanmar Co., Ltd.
		ABA Financial Service
		Woori Venture Partners US, Inc.
		Arden Woori Apparel 1st Private Equity Fund
		Woori Dyno 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
		Woori NH Co-Growth Private Equity Fund
		WFBS Financial Stability Private Equity Fund No.1

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

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1) Including group company shares 32.65%

2) Including group company shares 35.26%

3) Including group company shares 7.86%

4) Including group company shares 20.00%

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2. Capital Structure (Changes in Capital)

(units: Won, shares)

Date		Item		Type
				Common Shares				Preferred Shares				Others
December 31, 2025		Number of issued shares			734,076,320				—				—
		Par Value			5,000				—				—
		Capital Stock			3,802,676,300,000				—				—
December 31, 2024		Number of issued shares			742,591,501				—				—
		Par Value			5,000				—				—
		Capital Stock			3,802,676,300,000				—				—
December 31, 2023		Number of issued shares			751,949,461				—				—
		Par Value			5,000				—				—
		Capital Stock			3,802,676,300,000				—				—
December 31, 2022		Number of issued shares			728,060,549				—				—
		Par Value			5,000				—				—
		Capital Stock			3,640,302,745,000				—				—
December 31, 2021		Number of issued shares			728,060,549
		Par Value			5,000
		Capital Stock			3,640,302,745,000

Note 1)		Our common shares of 680,164,306 were issued in January 2019 upon our establishment and the number of our common shares increased by 42,103,377 as a result of a comprehensive stock exchange that took place between Woori Financial Group and Woori Card in September 2019.
Note 2)		The number of our common shares increased by 5,792,866 on August 10, 2021 due to a comprehensive stock exchange to integrate Woori Financial Capital as a wholly-owned subsidiary.
Note 3)		The number of our common shares increased by 32,474,711 as a result of a comprehensive stock exchange that took place on August 8, 2023 to convert Woori Investment Bank and Woori Venture Partners as our wholly-owned subsidiaries.
Note 4)		On October 30, 2023, the number of our common shares was reduced by 8,585,799 due to the cancellation of our treasury shares acquired through a trust agreement.
Note 5)		On March 22, 2024, the number of our common shares was reduced by 9,357,960 due to the cancellation of all of the treasury shares acquired from the Korea Deposit Insurance Corporation.
Note 6)		On September 19, 2025, the number of our common shares was reduced by 8,515,181 due to the cancellation of our treasury shares acquired through a trust agreement.
Note 7)		As the treasury share cancellations in October 2023, March 2024 and September 2025 were conducted within the limits of profits available for dividends, there was no reduction in paid-in capital. Accordingly, our paid-in capital as of December 31, 2023, 2024 and 2025 did not match the par value of the total number of issued shares.

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As of December 31, 2025 (units: Won, shares)

Date		Category				Stock Decrease/Increase
						Type				Quantity				Par Value				Issue price				Note
January 11, 2019			—				Common				680,164,306				5,000				26,415			Establishment (comprehensive stock transfer)
September 10, 2019			—				Common				42,103,377				5,000				12,350			Comprehensive stock exchange Stock increase ratio: 6.19018%
August 10, 2021			—				Common				5,792,866				5,000				11,100			Comprehensive stock exchange Stock increase ratio: 0.80204%
August 8, 2023			—				Common				32,474,711				5,000				11,520			Comprehensive stock exchange Stock increase ratio: 4.46044%
October 30, 2023			—				Common				(8,585,799	)			5,000				—			Cancellation of treasury shares
March 22, 2024			—				Common				(9,357,960	)			5,000				—			Cancellation of treasury shares
September 19, 2025			—				Common				(8,515,181	)			5,000				—			Cancellation of treasury shares

Note 1)		Due to Woori Financial Group’s establishment through a comprehensive stock transfer, the issue price was calculated by dividing the total equity from its financial statements at the time of establishment (KRW 17,966,458,911,689) by the total number of issued shares (680,164,306).
Note 2)		Our capital changed in September 2019, August 2021 and August 2023 due to a comprehensive stock exchange. The issue prices were based on the closing stock price on the comprehensive stock exchange date.
Note 3)		On October 30, 2023, we canceled our treasury shares (8,585,799 common shares) acquired through a trust agreement. This share cancellation falls under the provision of Article 343, Paragraph 1 of the Commercial Code, and as it involves the cancellation of treasury shares acquired within the limits of distributable profits, the paid-in capital remains unchanged despite the decrease in the number of the total issued shares (common shares).
Note 4)		On March 22, 2024, we canceled the 9,357,960 shares we acquired as treasury shares from the Korea Deposit Insurance Corporation. This share cancellation falls under the provision of Article 343, Paragraph 1 of the Commercial Code, and as it involves the cancellation of treasury shares acquired within the limits of distributable profits, the paid-in capital remains unchanged despite the decrease in the number of total issued shares (common shares).
Note 5)		On September 19, 2025, we canceled the 8,515,181 shares we acquired as treasury shares through a trust agreement. This share cancellation falls under the provision of Article 343, Paragraph 1 of the Commercial Code, and as it involves the cancellation of treasury shares acquired within the limits of distributable profits, the paid-in capital remains unchanged despite the decrease in the number of total issued shares (common shares).

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3. Total Number of Authorized Shares

As of December 31, 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			26,458,940				26,458,940				Cancellation of Treasury Shares Note 1	)
Number of treasury shares			53,945				53,945				Note 2	)
Number of outstanding shares			734,022,375				734,022,375				—

Note 1)		Cancellation of treasury shares: 8,585,799 shares (October 2023), 9,357,960 shares (March 2024) and 8,515,181 shares (September 2025)
Note 2)		Consists of the 53,945 shares acquired through the issuance of fractional shares (including 2 shares added in 2019 from the partial replacement of physical stock certificates, 2,322 new fractional shares added in August 2021 due to the comprehensive stock exchange between Woori Financial Group and Woori Financial Capital, and 51,621 shares added in August 2023 from the comprehensive stock exchanges between Woori Financial Group and Woori Investment Bank and between Woori Financial Group and Woori Venture Partners)

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II. Business Overview

1. Results of Operations

(unit: billions of Won)

Type		2025				2024				2023
Operating income			3,675				4,255				3,499
Non-operating income			415				(32	)			18
Income before income tax			4,090				4,223				3,517
Income tax expense			863				1,051				891
Net income			3,228				3,171				2,627
Controlling Interest			3,124				3,086				2,506
Non-controlling Interest			103				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												2024												2023
				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion
Source		Deposits			358,153,346				2.39				65.89				351,584,810				2.88				69.89				324,824,465				2.83				68.98
		Borrowings			26,198,268				3.32				4.82				28,000,803				4.09				5.57				28,052,983				4.02				5.96
		Debentures			50,418,543				3.62				9.28				43,989,333				4.00				8.74				42,458,653				3.55				9.02
		Others			72,335,906				—				13.31				44,591,752				—				8.86				42,829,998				—				9.09
		Total Liabilities			507,106,063				—				93.30				468,166,698				—				93.06				438,166,099				—				93.05
Total Equity					36,428,909				—				6.70				34,913,425				—				6.94				32,708,219				—				6.95
Total Liabilities & Equity					543,534,972				—				100.00				503,080,123				—				100.00				470,874,318				—				100.00

Note 1)		Average Balance : simple average of the starting balance for the fiscal year and the balance 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												2024												2023
				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion				Average Balance				Interest Rate				Proportion
Use		Cash & Due from Banks			19,225,891				2.97				3.54				18,441,851				3.38				3.67				16,692,268				3.26				3.54
		Marketable securities			97,528,721				3.34				17.94				76,997,821				3.53				15.31				75,522,522				3.61				16.04
		Loans			369,558,184				4.44				67.99				360,802,414				4.93				71.72				334,205,508				5.08				70.98
		Loans in local currency			318,053,470				4.16				58.52				309,771,603				4.65				61.58				287,312,990				4.84				61.02
		Loans in foreign Currency			35,209,643				5.88				6.48				34,224,957				6.58				6.80				31,215,114				6.64				6.63
		Guarantee payments			11,092				1.44				0.00				11,571				1.96				0.00				14,567				2.28				0.00
		Credit card receivables			12,664,469				7.71				2.33				12,224,048				7.33				2.43				11,215,186				6.85				2.38
		Foreign bills bought			3,619,510				4.36				0.66				4,570,235				5.58				0.91				4,447,651				5.33				0.95
		Bad debt expense in local currency (-)			3,423,791				—				0.63				3,198,795				—				0.65				2,609,403				—				0.55
		Others			60,645,967				—				11.16				50,036,832				—				9.95				47,063,423				—				9.99
Total Assets					543,534,972				—				100.00				503,080,123				—				100.00				470,874,318				—				100.00

Note 1) Average Balance : simple average of the starting balance for the fiscal year and the balance 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 periods indicated (units: billions of Won, %)

Type		2025		2024		2023
Equity capital (A)		37,800		36,928		34,756
Risk weighted assets (B)		234,542		235,100		219,792
BIS(Capital adequacy) ratio (A/B)		16.12		15.71		15.81

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

Note 2) Based on K-IFRS consolidated financial statements and Basel III standards.

Note 3) 2025 figures are estimates only and are subject to change.

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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				2024				2023
Woori Bank Note 2)		BIS capital adequacy ratio Note 1)		Equity capital (A)			312,905				304,302				282,379
				Risk weighted assets (B)			1,861,435				1,920,087				1,760,737
				Capital adequacy ratio (A/B)			16.81				15.85				16.04
Tongyang Life Insurance Note 3)		Available capital					40,152				38,753				41,898
		Required capital					22,647				24,918				21,668
		K-ICS ratio Note 4)					177.3				155.5				193.4
Woori Card Note 5)		Adjusted capital ratio					17.26				17.70				16.03
		Tangible common equity ratio					12.06				12.37				10.97
Woori Financial Capital Note 5)		Adjusted capital ratio					15.77				15.09				14.35
		Tangible common equity ratio					13.18				11.83				11.48
Woori Investment Securities Note 6)		Net capital ratio					905.56				2,098.64				—
		Debt-to-asset ratio					114.53				119.41				—
ABL Life Insurance Note 3)		Available capital					20,049				16,701				16,618
		Required capital					11,782				10,868				8,936
		K-ICS ratio Note 4)					170.17				153.68				185.96
Woori Asset Trust Note 7)		Operating capital ratio					4,610.35				4,057.29				1,284.26
Woori Savings Bank Note 8)		BIS capital adequacy ratio Note 1)					16.74				16.37				13.21
Woori Asset Management Note 5)		Minimum operating capital ratio					721.18				739.31				650.26
Woori Venture Partners Note 9)		Tangible common equity ratio					92.63				95.70				90.82
Woori Private Equity Asset Management Note 5)		Minimum operating capital ratio					8,128.94				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 figures are estimates only and are subject to change.

Note 3) Figures for Tongyang Life Insurance and ABL Life Insurance have been calculated based on the K-ICS approach since 2023. 2025 figures are estimates only, and the final figures will be disclosed through Tongyang Life Insurance and ABL Life Insurance’s 2025 annual reports, respectively.

Note 4) K-ICS ratio : Available capital / Required capital * 100.

Note 5) 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 6) Figures for Woori Investment Securities are calculated as follows:

- Net capital ratio: (net operating capital – total risk amount) / required maintenance capital * 100 // based on the applicable standards for business reports submitted to the Financial Supervisory Service.

- Debt-to-asset ratio: (actual assets) / (actual liability) * 100 // based on K-IFRS separate financial statements.

Note 7) Woori Asset Trust’s operating capital ratio = (net operating capital – subordinated debt, etc.)/(total risk amount) * 100 // based on K-IFRS separate financial statements.

Note 8) Figures for Woori Savings Bank are based on K-GAAP.

Note 9) Figures for Woori Venture Partners are based on K-IFRS consolidated financial statements.

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b. Liquidity Ratios

Won Liquidity Ratios

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

Type		2025												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)			34,847				15,292				227.9				353,835				10,905				3,244.7				111,895				8,155				1,372.1
Woori Card Note 2)			9,660,954				2,808,447				344.0				8,722,587				2,785,182				313.2				9,119,265				2,454,480				371.5
Woori Financial Capital Note 2)			1,444,834				1,162,263				124.3				1,850,758				1,317,695				140.5				1,919,083				1,245,067				154.1
Woori Investment Securities Note 2)			6,515,056				4,938,840				131.9				4,982,461				2,660,153				187.3				4,032,290				1,926,080				209.4
Woori Asset Trust Note 2)			153,241				10,214				1,500.3				258,758				9,311				2,779.2				171,860				18,555				926.2
Woori Savings Bank Note 2), Note 3)			410,196				351,853				116.6				344,437				216,143				159.4				434,495				231,003				188.1
Woori Venture Partners Note 2)			141,886				10,166				1,395.7				136,198				6,877				1,980.4				104,534				7,141				1,463.9
Woori Private Equity Asset Management Note 2)			20,452				3,354				609.8				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.

Insurance Liquidity Ratios

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

Type		2025												2024												2023
		Liquidity Assets				Average Insurance Benefits Paid				Liquidity Ratio				Liquidity Assets				Average Insurance Benefits Paid				Liquidity Ratio				Liquidity Assets				Average Insurance Benefits Paid				Liquidity Ratio
Tongyang Life Insurance Note 1)			3,742,951				842,985				444.0				4,157,512				915,959				453.9				12,091,960				1,239,553				975.5
ABL Life Insurance Note 1)			2,386,630				423,952				562.9				2,816,208				466,405				603.8				6,770,032				535,163				1,265.0

Note 1) Based on the applicable standards for business reports submitted to the Financial Supervisory Service (within three months of maturity).

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Foreign Currency (FC) Liquidity Ratios

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

Type		2025												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)			11,862				3,566				332.70				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.

Liquidity Coverage Ratios

(units: %)

Name of Company		Type		2025				2024				2023
Woori Bank		Liquidity coverage ratio Note 1)			107.64				104.79				101.26
		Foreign currency liquidity coverage ratio Note 2)			160.56				184.29				162.75
		Ratio of business purpose premises and equipment			9.42				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 December 31, 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% for all periods after 2022.

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

c. Profitability Ratios Note 1), Note 2)

(unit: %)

Type		2025								2024								2023
		ROA				ROE				ROA				ROE				ROA				ROE
	Woori Financial Group
Including non-controlling interests			0.58				9.31				0.61				9.60				0.54				8.65
Excluding non-controlling interests			0.56				9.01				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) 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				2024				2023
Total loans			399,970				390,066				365,780
Substandard and below loans			2,517				2,211				1,357
Substandard and below loans ratio			0.63				0.57				0.37
Non-performing loans (“NPL”)			2,172				1,786				1,299
NPL ratio			0.54				0.46				0.36
Substandard and below coverage ratio (A/B)			129.9				153.0				220.1
Loan loss reserve (A)			3,268				3,382				2,986
Substandard and below loans (B)			2,517				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) 2025 figures are preliminary and are subject to change.

Asset Quality for Significant Subsidiaries and Consolidated Companies

(units: %)

Type		2025												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 Note 1)			0.31				0.25				172.55				0.23				0.19				247.44				0.18				0.17				320.84
Woori Card Note 2)			1.23				—				104.03				1.07				—				105.46				0.97				—				104.92
Woori Financial Capital Note 2)			1.93				—				111.48				1.91				—				134.18				2.37				—				113.21
Woori Investment Securities Note 2), Note 3)			5.74				—				69.21				7.29				—				84.37				0.55				—				578.29
Woori Asset Trust Note 2)			74.04				—				—				77.68				—				—				32.11				—				—
Woori Savings Bank Note 2), Note 4)			6.86				—				72.31				9.82				—				77.43				3.53				—				101.66

Note 1) Based on K-IFRS separate financial statements.

Note 2) Based on the applicable standards for business reports submitted to the Financial Supervisory Service.

Note 3) 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 4) Based on K-GAAP.

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Type Note 1)		2025				2024				2023
		Risk-Weighted Non-Performing Asset Ratio				Risk-Weighted Non-Performing Asset Ratio				Risk-Weighted Non-Performing Asset Ratio
Tongyang Life Insurance			0.14				0.08				0.09
ABL Life Insurance			0.14				0.23				0.19

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

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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				2024				2023
ASSETS
Cash and cash equivalents			38,499,679				27,281,123				30,556,618
Financial assets at fair value through profit or loss (“FVTPL”)			34,245,475				25,202,672				21,544,756
Financial assets at fair value through other comprehensive income			83,499,522				43,797,745				37,891,495
Securities at amortized cost			18,707,459				19,203,177				23,996,172
Loans and other financial assets at amortized cost			412,495,783				398,471,816				373,148,148
Investments in joint ventures and associates			2,080,008				1,748,810				1,795,370
Reinsurance contracts			620,207				—				—
Investment properties			998,854				450,788				472,768
Premises and equipment			3,780,817				3,370,585				3,176,759
Intangible assets and goodwill			1,056,647				1,091,402				996,842
Assets held for sale			168,491				73,989				20,345
Net defined benefit asset			20,558				146,109				240,260
Current tax assets			228,229				61,613				203,542
Deferred tax assets			413,649				72,937				93,366
Derivative assets (designated for hedging)			217,180				175,191				26,708
Other assets			4,424,728				4,605,363				3,841,787
Total assets			601,457,286				525,753,320				498,004,936
LIABILITIES
Financial liabilities at FVTPL			6,356,934				9,896,597				6,138,313
Deposits due to customers			376,580,845				366,821,156				357,784,297
Borrowings			34,183,267				30,117,031				30,986,746
Debentures			55,583,392				48,207,103				41,239,245
Insurance contracts			45,573,864				—				—
Reinsurance contracts			184,792				—				—
Investment contract liabilities			3,433,611				—				—
Provisions			790,733				611,428				806,031
Net defined benefit liability			115,091				5,424				6,939
Current tax liabilities			723,368				127,126				103,655
Deferred tax liabilities			504,828				858,822				470,311
Derivative liabilities (designated for hedging)			615,361				102,815				153,007
Other financial liabilities			38,118,058				32,314,051				26,115,005

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Classification		2025				2024				2023
Other liabilities			833,894				796,498				803,897
Total liabilities			563,598,038				489,858,051				464,607,446
EQUITY
Owners’ equity:			36,017,339				34,096,836				31,666,881
Capital stock			3,802,676				3,802,676				3,802,676
Hybrid securities			3,710,498				3,810,435				3,611,129
Capital surplus			933,436				934,100				935,563
Other equity			(1,219,327	)			(1,400,885	)			(1,668,957	)
Retained earnings			28,790,056				26,950,510				24,986,470
Non-controlling interests			1,841,909				1,798,433				1,730,609
Total equity			37,859,248				35,895,269				33,397,490
Total liabilities and equity			601,457,286				525,753,320				498,004,936
Number of Consolidated Subsidiaries (excluding holding company)			203				188				179

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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				2024				2023
Operating income			3,674,808				4,255,190				3,499,029
Net interest income			9,030,769				8,886,336				8,742,540
Net fees and commissions income			2,160,404				2,086,170				1,720,481
Dividend income			484,465				310,320				240,293
Net insurance income			103,871				—				—
Other insurance finance income and expenses			(378,130	)			—				—
Net gain or loss on financial instruments at FVTPL			725,939				1,492,783				488,486
Net gain or loss on financial assets at FVTOCI			130,620				96,620				(37,641	)
Net gain or loss arising on financial assets at amortized cost			107,667				286,885				203,942
Impairment losses due to credit loss			(2,102,814	)			(1,716,295	)			(1,894,916	)
General and administrative expenses			(5,179,621	)			(4,468,973	)			(4,443,433	)
Other net operating expenses			(1,408,362	)			(2,718,656	)			(1,520,723	)
Non-operating income (expenses)			415,358				(32,343	)			18,424
Net income before income tax expense			4,090,166				4,222,847				3,517,453
Income tax expense			(862,658	)			(1,051,378	)			(890,559	)
Net income			3,227,508				3,171,469				2,626,894
Net income attributable to owners			3,124,346				3,085,995				2,506,296
Net income attributable to the non-controlling interests			103,162				85,474				120,598
Other comprehensive income (loss), net of tax			176,770				382,719				663,537
Items that will not be reclassified to profit or loss			90,547				(200,341	)			122,334
Items that may be reclassified to profit or loss			86,223				583,060				541,203
Total comprehensive income			3,404,278				3,554,188				3,290,431
Comprehensive income attributable to the owners			3,251,616				3,454,620				3,164,464
Comprehensive income attributable to non-controlling interests			152,662				99,568				125,967
Net income per share:
Basic and diluted loss per share (in Korean Won)			4,052				3,950				3,230

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2. Condensed Financial Statements (Separate)

Summary Statement of Financial Position

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

Classification		2025				2024				2023
ASSETS
Cash and cash equivalents			489,321				1,185,912				289,507
Financial assets at fair value through other comprehensive income			558,162				553,518				539,709
Loans and other financial assets at amortized cost			707,142				204,431				1,104,815
Investments in subsidiaries			25,597,495				24,206,017				23,670,476
Premises and equipment			4,763				5,304				6,609
Intangible assets			2,961				3,308				4,052
Net defined benefit asset			2,108				1,378				3,941
Current tax assets			26,295				33,120				158,951
Deferred tax assets			5,810				4,379				7,478
Other assets			315				155,670				484
Total assets			27,394,372				26,353,037				25,786,022
LIABILITIES
Debentures			2,667,525				2,037,567				1,587,659
Provisions			1,897				1,252				1,227
Current tax liabilities			673,217				84,701				32,125
Other financial liabilities			95,822				76,382				163,621
Other liabilities			5,967				404				392
Total liabilities			3,444,428				2,200,306				1,785,024
EQUITY
Capital stock			3,802,676				3,802,676				3,802,676
Hybrid securities			3,710,228				3,810,225				3,610,953
Capital surplus			8,120,236				11,120,236				11,120,236
Other equity			2,607				(1,189	)			(7,871	)
Retained Earnings			8,314,197				5,420,783				5,475,004
Total equity			23,949,944				24,152,731				24,000,998
Total liabilities and equity			27,394,372				26,353,037				25,786,022

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Summary Statement of Comprehensive Income

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

Classification		2025				2024				2023
Operating income			1,294,715				1,123,301				1,424,670
Net interest income (expense)			(44,526	)			2,128				27,495
Interest income			28,296				51,778				64,592
Interest expense			(72,822	)			(49,650	)			(37,097	)
Net fees and commissions loss			(26,879	)			(20,319	)			(20,097	)
Fees and commissions income			1,816				1,625				1,625
Fees and commissions expense			(28,695	)			(21,944	)			(21,722	)
Dividend income			1,448,486				1,208,522				1,482,956
Net gain on financial instruments at FVTPL			—				—				2,023
Reversal (Provision) of impairment losses due to credit loss			56				608				(348	)
General and administrative expenses			(82,422	)			(67,638	)			(67,359	)
Non-operating expenses			(170,511	)			(147	)			(1,043	)
Net income before income tax expense			1,124,204				1,123,154				1,423,627
Income tax benefit			2,836				178				881
Net income			1,127,040				1,123,332				1,424,508
Other comprehensive income, net of tax			3,562				9,138				18,916
Items that will not be reclassified to profit or loss			3,562				9,138				18,916
Net gain on valuation of equity securities at FVTOCI			3,328				10,164				19,789
Remeasurement of the net defined benefit liability			234				(1,026	)			(873	)
Total comprehensive Income			1,130,602				1,132,470				1,443,424
Net Income per share:
Basic and diluted income per share (in Korean Won)			1,326				1,296				1,754

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3. Dividend Information

As a financial holding company, we distribute dividends to our shareholders using the dividends we receive from our subsidiaries. Our subsidiaries pay dividends to us within the limits of their distributable profits after deducting the necessary internal reserves required to maintain the adequate regulatory capital set by the financial authorities for each sector. As such, our dividend levels are determined based on a comprehensive analysis taking into consideration the current and future asset growth of our subsidiaries and us, as well as the surplus funds after maintaining the appropriate capital adequacy ratios, among others.

In February 2023, we announced our “Shareholder Return Policy and Group Capital Management Plan Based on the Total Shareholder Return (“TSR”) Ratio (including both dividends and treasury share buyback/cancellations)” through our investor relations disclosures. Furthermore, in our business report for the fiscal year 2023, we disclosed the modifications we made to our existing shareholder return policy, including an adjustment to the Common Equity Tier 1 (“CET1”) ratio target from 12% to 13%, taking into consideration the strengthened capital regulations, our enhanced loss absorption capacity, and the overall competitive landscape.

In July 2024, we became the first Korean bank holding company to announce a “Corporate Value Enhancement Plan,” in which we announced that we would strive to enhance corporate value by “enhancing shareholder return capabilities based on the CET1 ratio,” and presented a mid-to-long-term TSR target of 50%. A summary of the details of our shareholder return plans are as follows:

① Simultaneously pursuing both cash dividends and treasury share buybacks/cancellations, and gradually increasing their amounts (continually increasing the dividend per share (“DPS”))

② Dividing the CET1 ratio ranges into segments and increasing shareholder returns to enhance sustainability and predictability

Classification		Tier 1		Tier 2		Tier 3		Tier4
CET1 Ratio		~ 11.5%		11.5% ~ 12.5%		12.5% ~ 13.0%		13.0% ~
Total Shareholder Return (TSR)		~ 30%		~ 35%		~ 40%		~ 50%

Note 1) TSR and DPS may change based on shifts in the financial environment, regulatory guidance, and management objectives (such as one-time profits and losses through mergers and acquisitions)

Note 2) CET1 ratio ranges are based on year-end figures

③ Maintaining a dividend payout ratio of approximately 30% and allocating any excess amounts to treasury share buybacks/cancellations if the TSR is below 40%, and increasing both the cash dividend payouts and treasury share buybacks/cancellations in a balanced manner if the TSR exceeds 40%.

In February 2025, through with our “Corporate Value Enhancement Plan (Value-up),” we released our review report for 2024 and our future plans for 2025. The details of the implementation plans are as follows:

① Striving to achieve a CET1 Ratio of 12.5% in 2025 despite challenging market conditions, including high levels of exchange rates.

② Reallocating part of the capital surplus to retained earnings and using such funds to implement tax-free dividends, thereby effectively increasing tangible shareholder returns.

- Our shareholders are expected to approve a transfer of KRW 3 trillion worth of capital surplus to retained earnings at the annual general meeting of shareholders in March 2025. We expect to use such amount to distribute tax-free dividends, beginning with the year-end dividends for fiscal year 2025 (expected to be distributed in April 2026).

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③ Expanding treasury share buybacks/cancellations, with KRW 150 billion planned for 2025.

④ Determining the dividend amount before the record date to increase visibility for investors, starting from the first quarter of 2025.

In February 2026, through our “Corporate Value Enhancement Plan (Value-up 2.0),” we released our review report for 2025 and our future plans for 2026. The details of the implementation plans are as follows:

① Early achievement of a 13% CET1 ratio in 2026, maintaining a stable level of 13.2% or higher thereafter.

② Driving a sustainable Group ROE of 10% or higher (including expanding the non-bank profit contribution to approximately 20% by 2026)

③ Leading the expansion of the investor base as a flagship dividend stock in the financial sector

- (Dividends): Implementing the first tax-free dividends among bank holding companies and pursuing a consistent annual DPS increase of 10% or more.

- (Buybacks & Cancellations): Accelerating short-term share buybacks to 10%, and considering additional buybacks if the CET1 ratio exceeds 13%.

We are committed to faithfully implementing the corporate value enhancement plans that we had previously announced, and will continue our efforts to enhance market predictability and shareholder value. If there are any changes to the shareholder return policy, we will actively communicate them with all stakeholders through notices and disclosures.

Information on the Date of Dividend Amount Determination and the Dividend Record Dates

Dividend Type		Date of Dividend Amount Determination Note 1)		Record Date		Remarks
Dividend for FY2025		March 23, 2026		February 27, 2026		Annual General Meeting of Shareholders scheduled for March 23, 2026 and disclosed on February 6, 2026
Dividend for 3Q2025		October 24, 2025		November 10, 2025		—
Dividend for 2Q2025		July 25, 2025		August 10, 2025		—
Dividend for 1Q2025		April 25, 2025		May 10, 2025		—
Dividend for FY2024		March 26, 2025		February 28, 2025		Disclosed on February 7, 2025
Dividend for 3Q2024		October 18, 2024		September 30, 2024		—
Dividend for 2Q2024		July 25, 2024		June 30, 2024		—
Dividend for 1Q2024		April 26, 2024		March 31, 2024		—

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Dividend Type		Date of Dividend Amount Determination Note 1)		Record Date		Remarks
Dividend for FY2023		March 22, 2024		February 29, 2024		Disclosed on February 6, 2024
Dividend for 3Q2023		October 26, 2023		September 30, 2023		—
Dividend for 2Q2023		July 21, 2023		June 30, 2023		—

Note 1) Date of the annual general meeting of shareholders for year-end dividends and the date of the resolution of the Board of Directors for quarterly dividends

Note 2) Quarterly dividends for FY2023 and FY2024 are prior to the January 2025 amendment to Article 165-12 of the Capital Markets Act

Dividend Data for the Past 3 Years - Key Indicators

Items						2025				2024				2023
Par value per share (Won)							5,000				5,000				5,000
Net profit (Millions of Won)							3,124,346				3,085,995				2,506,296
Earnings per share (Won)							4,052				3,950				3,230
Total cash dividends (Millions of Won)							998,468				891,045				747,302
Total stock dividends (Millions of Won)							—				—				—
Cash dividend payout ratio (%)							31.96				28.87				29.82
Cash dividend yield (%)			Common Shares				4.4				6.9				6.7
			Preferred Shares				—				—				—
Stock dividend yield (%)			Common Shares				—				—				—
			Preferred Shares				—				—				—
Cash dividend per share (Won)			Common Shares				1,360				1,200				1,000
			Preferred Shares				—				—				—
Stock dividend per share (Share)			Common Shares				—				—				—
			Preferred Shares				—				—				—

Note 1) The dividends for FY2025 include quarterly dividends of KRW 147,428 million (KRW 200 per share) for the first quarter, KRW 146,804 million (KRW 200 per share) for the second quarter and KRW 146,804 million (KRW 200 per share) for the third quarter.

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 year-end dividend of KRW 557,431 million included in the total cash dividends for FY2025 in the table above is the amount prior to approval by the annual general meeting of shareholders. Should any changes occur at the upcoming annual general meeting, we will reflect the details and reasons through an amended report.

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Note 5) The cash dividend yield for FY2025 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 6) 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		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 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 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

KPMG Samjong Accounting Corp.

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

KRW 1,835 million

17,029 hours

KRW 1,835 million

17,052 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		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		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 December 31, 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 Controls 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 of Directors. 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.

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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 Controls Committee

(f) Subsidiary Representative Director Candidate Recommendation Committee

(g) ESG Management Committee

(As of December 31, 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 Controls 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)

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Name of Committee		Composition		Names of Members
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)
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. Shareholders’ Meetings

a. Voting Rights

(unit: shares, as of Dec. 31, 2025)

Items				Number of shares				Notes
Number of issued shares		Common Shares			734,076,320				—
		Preferred Shares			—				—
Number of shares without voting rights		Common Shares			3,082,276				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			730,994,044				—
		Preferred Shares			—				—

Note 1) Treasury shares acquired from the issuance of fractional shares and shares in mutual ownership (pursuant to Article 369 of the Commercial Code)

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b. Summary of the Minutes of Shareholders’ Meetings

		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

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		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
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, 2024)		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

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VI. Shareholder Information

1. Share Distribution

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

As of December 31, 2025 (units: shares, %)

										Shares Held
										Beginning balance								Ending balance
Name		Relation				Type				Number				Share				Number				Share				Notes
Employee Stock Ownership Association of Woori Financial Group			The largest shareholder				Common				44,474,301				5.99				42,182,950				5.75				—
Employee Stock Ownership Association of Woori Bank			The related party of the largest shareholder				Common				19,106,955				2.57				14,753,107				2.01				—
Total							Common				63,581,256				8.56				56,936,057				7.76				—
							Others				—				—				—				—				—

b. Changes in the largest shareholder

As of December 31, 2025 (units: shares, %)

Change of Date

Largest Shareholder

Number Held

Share

Notes

December 9, 2021

Employee Stock Ownership Association of Woori Financial Group and others 1

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 December 31, 2025 (units: shares, %)

Name

Shares

Notes

No. of shares

Percentage of shareholding

Share ownership of more than 5%

National Pension Service

49,136,320

6.69

—

Blackrock Fund Advisors

45,100,755

6.14

Note 1)

Employee Stock Ownership Association

56,936,057

7.76

Note 2)

Note 1) Based on the report on significant holdings of stocks filed on June 10, 2024

- According to the report on significant holdings of stocks filed on February 10, 2026, BlackRock Fund Advisors held 52,302,167 shares.

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

Note 3) Percentage of shareholding : Calculated based on the total number of issued shares as of December 31, 2025.

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2. Stock Price and Stock Market Performance

a. Domestic Stock Market

(units: Won, thousands of shares)

Period				July 2025				August 2025				September 2025				October 2025				November 2025				December 2025
Common Shares		High			26,750				25,450				26,850				26,200				27,000				29,000
		Low			22,450				23,600				24,250				24,850				25,500				27,350
		Average			24,750				24,865				25,716				25,644				26,188				27,986
Monthly Trade Volume		High			5,460				4,085				3,726				2,588				4,885				4,215
		Low			1,073				699				452				808				971				703
		Monthly Total			54,144				29,174				35,552				31,828				46,111				33,478

Note 1) Source: KRX KOSPI Market

Note 2) Share prices are based on closing prices

b. Foreign Stock Market (NYSE)

(units: US Dollars, Won, thousands of ADSs)

Period				July 2025				August 2025				September 2025				October 2025				November 2025				December 2025
ADS		High			57.61				55.47				57.76				56.82				55.99				59.90
		Low			49.62				51.43				52.91				52.67				53.04				55.90
		Average			53.79				53.92				55.84				54.75				54.51				57.73
Won Conversion		High			79,196				77,114				80,258				79,889				81,925				87,490
		Low			67,166				71,508				73,688				75,197				77,704				82,402
		Average			73,971				74,925				77,718				77,928				79,467				84,708
Monthly Trade Volume		High			218				161				62				178				94				104
		Low			29				21				28				25				38				22
		Monthly Total			1,951				885				924				1,088				1,081				1,212

Note 1) Source: standard trading rate (daily and monthly average) (Seoul Money Brokerage, www.smbs.biz)

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 March 13, 2026

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)

President

Non-Registered

Jeong-Soo Lee

6,890

February 27, 2026

December 31, 2026

Deputy President

Non-Registered

Il-Jin Ouk

4,000

December 8, 2023

November 30, 2026

Deputy President

Non-Registered

Jang-Keun Park

2,850

December 8, 2023

March 6, 2027

Deputy President

Non-Registered

Kyu-Hwang Jeong

11,741

December 8, 2023

July 4, 2026

Deputy President

Non-Registered

Seong-Min Kwak

3,692

January 15, 2026

December 31, 2027

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

Managing Director

Non-Registered

Byung-Gyu Kim

—

January 15, 2026

December 31, 2027

Managing Director

Non-Registered

Won-Myung Ko

—

January 15, 2026

January 14, 2028

Managing Director

Non-Registered

Yeon-Ho Park

—

February 27, 2026

December 31, 2027

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 of current position for non-registered officers or directors.

Note 4) Common shares owned by executive officers 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 December 31, 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

78

—

36

1

114

3 years (14 years 11 months

)

19,622

180

—

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

Note 2) Contract employees include non-registered executives

3. Directors’ Compensation

As of December 31, 2025 (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				1,193				1,193				—
Independent Directors (excludes audit committee members)			3				259				86				—
Audit Committee Members			4				321				80				—
Auditor			—				—				—				—

Note 1) Number of persons is as of December 31, 2025.

Note 2) Total compensation is the amount paid from January to December 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.

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 granted. 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		2023				2024				2025
Number of Recipients			21				13				9
Maximum Amount of Shares			160,929				194,569				173,273
Shares Paid during the Period			68,746				164,164				161,799
(Adjustments)			(8,982	)			(19,554	)			(21,970	)
Cumulative Shares Paid			68,746				232,910				394,709
Unpaid Shares			813,173				824,024				813,528

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

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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		February 27, 2026		In terms of overall materiality, the internal accounting management system is under effective design and operation.			—				—
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.			—				—

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		February 27, 2026		In terms of overall materiality, the internal accounting management system is under effective design and operation.			—				—
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.			—				—

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

KPMG Samjong Accounting Corp.

Audit

Unqualified

—

—

2024

KPMG Samjong Accounting Corp.

Audit

Unqualified

—

—

2023

KPMG Samjong Accounting Corp.

Audit

Unqualified

—

—

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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: March 13, 2026				By:		/s/ Seong Min Kwak
				(Signature)
				Name: Seong Min Kwak
				Title: Deputy President

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