Woori Financial (NYSE: WF) plans KRW 150,000,000,000 treasury cancellation
Rhea-AI Filing Summary
Woori Financial Group Inc. resolved on July 24, 2026 to cancel 4,854,368 shares of its common stock as part of a treasury share cancellation program. The company reports 728,089,682 shares of common stock issued and a par value of KRW 5,000 per share.
The estimated amount of treasury shares to be cancelled is KRW 150,000,000,000. Treasury shares for this cancellation are scheduled to be acquired between July 24, 2026 and January 22, 2027 by miscellaneous methods. The board resolution was adopted with all 7 independent directors present and none absent.
Positive
- None.
Negative
- None.
Key Figures
Shares to be cancelled: 4,854,368 shares
Total shares issued: 728,089,682 shares
Par value per share: KRW 5,000
+5 more
8 metrics
Shares to be cancelled
4,854,368 shares
Common stock designated for cancellation by board resolution
Total shares issued
728,089,682 shares
Total common stock issued before planned cancellation
Par value per share
KRW 5,000
Par value of Woori Financial Group common stock
Estimated cancellation amount
KRW 150,000,000,000
Estimated amount of treasury shares to be cancelled
Acquisition period start
7/24/2026
Scheduled start date for acquiring treasury shares for cancellation
Acquisition period end
1/22/2027
Scheduled end date for acquiring treasury shares for cancellation
Independent directors present
7
Independent directors attending the 7/24/2026 board meeting
Independent directors absent
0
Independent directors absent from the 7/24/2026 board meeting
Key Terms
treasury shares, par value per share, foreign private issuer, independent directors
4 terms
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
independent directors regulatory
"Attendance of independent directors Present (No.) 7 Absent (No.) 0"
Members of a company’s board who do not have significant business, family, or financial ties to the company and are not part of its management; they are chosen to provide impartial oversight of strategy, financial reporting, executive pay and risk. They matter to investors because independent directors act like an objective referee, helping ensure decisions favor shareholders’ long-term interests rather than insiders, which can strengthen trust and reduce the chance of mismanagement or conflicts of interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.