Woori Financial boosts equity with land revaluation

Woori Financial Group Inc. conducted an asset revaluation of land properties, including 203 Hoehyeon-dong, Jung-gu, Seoul and 317 other parcels, as of March 31, 2026 under K-IFRS.

Rhea-AI Filing Summary

Woori Financial Group Inc. conducted an asset revaluation of land properties, including 203 Hoehyeon-dong, Jung-gu, Seoul and 317 other parcels, as of March 31, 2026 under K-IFRS.

The land’s book value was KRW 1,779,909,306,318 and increased to KRW 4,248,414,441,473, creating a revaluation difference of KRW 2,468,505,135,155, equal to 0.40% of total assets of KRW 612,584,818,270,339.

Provisional accounting records an increase in land assets of KRW 2,468.5 billion, deferred tax liabilities of KRW 676.6 billion, and equity (including revaluation surplus and other items) of KRW 1,791.9 billion. The revaluation surplus of KRW 1,796.5 billion is recognized in other comprehensive income and is not distributable as dividends under the Korean Commercial Code, and figures may change after external audit.

Key Figures

Land book value: KRW 1,779,909,306,318 Land value after revaluation: KRW 4,248,414,441,473 Revaluation difference: KRW 2,468,505,135,155 +5 more

8 metrics

Land book value KRW 1,779,909,306,318 Book value of revalued land before revaluation as of March 31, 2026

Land value after revaluation KRW 4,248,414,441,473 Carrying amount of land after revaluation as of March 31, 2026

Revaluation difference KRW 2,468,505,135,155 Increase in land value; 0.40% of total assets

Total assets KRW 612,584,818,270,339 Consolidated total assets as of March 31, 2026

Asset increase (land) KRW 2,468.5 billion Provisional increase in land assets from revaluation

Deferred tax liabilities increase KRW 676.6 billion Provisional increase in deferred tax liabilities due to revaluation

Equity increase KRW 1,791.9 billion Provisional increase in equity, including revaluation surplus and related items

Revaluation surplus (OCI) KRW 1,796.5 billion Amount recognized in other comprehensive income, not distributable as dividends

Key Terms

Korean International Financial Reporting Standards (K-IFRS), revaluation surplus, other comprehensive income, deferred tax liabilities, +1 more

5 terms

Korean International Financial Reporting Standards (K-IFRS) financial

"to reflect the fair value of such assets in accordance with Korean International Financial Reporting Standards (K-IFRS)"

revaluation surplus financial

"Increase in Equity (Revaluation surplus*, etc.): KRW 1,791.9 billion"

other comprehensive income financial

"The revaluation surplus (other comprehensive income): KRW 1,796.5 billion"

Other comprehensive income is a section of a company’s financial statements that records gains and losses not shown in the regular profit-and-loss line, such as paper gains or losses on certain investments, pension plan adjustments, and changes from converting foreign operations. These items don’t represent cash earned or spent today but change a company’s reported net worth, like value swings in things stored in a closet rather than money in your wallet, and help investors spot hidden strengths or risks to long-term financial health.

deferred tax liabilities financial

"Increase in Liability (Deferred tax liabilities due to revaluation): KRW 676.6 billion"

An accounting entry that records taxes a company will likely have to pay in the future because the way profit is reported for investors (financial accounts) differs from how taxable income is calculated today. It matters to investors because it signals real future cash outflows that will reduce funds available for dividends, debt repayment or investment—think of it as a bill put on layaway that the company still must settle later, affecting valuation and financial strength.

consolidated financial statements financial

"The “Book Value” and “Total Assets” above are based on the consolidated financial statements"

Consolidated financial statements combine the financial results of a parent company and all the companies it controls into one set of reports, like showing the whole family’s budget instead of each person’s separate accounts. For investors this matters because it gives a complete picture of assets, debts, revenue and cash flow across the entire group, helping assess true size, risk and profitability without missing or double-counting related activity.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What asset revaluation did Woori Financial Group (WF) complete in April 2026?

Woori Financial Group revalued certain land properties, including 203 Hoehyeon-dong and 317 other parcels, using K-IFRS as of March 31, 2026. The revaluation raised the land’s carrying value and adjusted related liabilities and equity amounts on a provisional basis.

How much did Woori Financial Group’s land value increase from the revaluation?

The land’s book value rose from KRW 1,779,909,306,318 to KRW 4,248,414,441,473, creating a revaluation difference of KRW 2,468,505,135,155. This difference represents 0.40% of consolidated total assets of KRW 612,584,818,270,339 as of March 31, 2026.

How does the land revaluation affect Woori Financial Group’s equity and liabilities?

Provisional accounting shows land assets increasing by KRW 2,468.5 billion, deferred tax liabilities increasing by KRW 676.6 billion, and equity (including revaluation surplus and related items) increasing by KRW 1,791.9 billion. These amounts may change once the company’s external audit is completed.

What is Woori Financial Group’s revaluation surplus and where is it recorded?

The revaluation surplus is KRW 1,796.5 billion and is recorded in other comprehensive income. It arises from the land revaluation and increases equity, but it is treated as a separate component of equity rather than as profit on the income statement.

Can Woori Financial Group use the revaluation surplus for dividends?

The revaluation surplus recognized from the land revaluation is not considered profit distributable as dividends under the Korean Commercial Code. Although it increases equity and appears in other comprehensive income, it cannot be directly paid out to shareholders as cash dividends.

What proportion of Woori Financial Group’s total assets is the revaluation difference?

The revaluation difference of KRW 2,468,505,135,155 equals 0.40% of total consolidated assets of KRW 612,584,818,270,339 as of March 31, 2026. This percentage shows the relative scale of the land revaluation compared with Woori Financial Group’s overall asset base.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/24/2026 - 06:16 AM EDT Learn about SEC filing dates

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 April 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 ☐

Outcome of Asset Revaluation

On April 24, 2026, Woori Financial Group Inc. (the “Company”) announced that it conducted a revaluation of certain of its land properties, in order to reflect the fair value of such assets in accordance with Korean International Financial Reporting Standards (K-IFRS) and to improve its financial structure through the expected increases to its assets and capital resulting from such revaluation.

Key Details

Assets Revaluated		203 Hoehyeon-dong, Jung-gu, Seoul and 317 other parcels of land
Revaluation Base Date		March 31, 2026
Revaluation details		Object		Book Value (KRW)		Value after Revaluation (KRW)		Revaluation Difference (KRW)
		Land Properties		1,779,909,306,318		4,248,414,441,473		2,468,505,135,155
Total Assets (KRW)				612,584,818,270,339
Percentage of Revaluation Difference to Total Assets (%)				0.40
Provisional Accounting Details		1. Increase in Asset (Land): KRW 2,468.5 billion 2. Increase in Liability (Deferred tax liabilities due to revaluation): KRW 676.6 billion 3. Increase in Equity (Revaluation surplus*, etc.): KRW 1,791.9 billion  * The revaluation surplus (other comprehensive income): KRW 1,796.5 billion
Appraisal Agency		MIRAE & SAEHAN APPRAISAL Co., Ltd.
Other important details to be considered for investment decisions		- The “Book Value” and “Total Assets” above are based on the consolidated financial statements of the Company as of March 31, 2026. - The “total assets” and the “provisional accounting details” above are subject to change based on the results of the external audit of the Company. - The revaluation surplus (other comprehensive income) recognized as a result of the asset revaluation is not considered to be profit distributable as dividends under the Korean Commercial Code.

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: April 24, 2026				By:		/s/ Seong Min Kwak
				(Signature)
				Name:		Seong Min Kwak
				Title:		Deputy President