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Woori Financial (NYSE: WF) plans KRW 150,000,000,000 treasury cancellation

(Neutral)
(Neutral)
Form Type
6-K

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.
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
treasury shares financial
"Resolution for the Cancellation of Treasury Shares"
Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.
par value per share financial
"Par value per share (KRW) 5,000"
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.

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FAQ

What share cancellation did Woori Financial Group (WF) approve in July 2026?

Woori Financial Group’s board approved cancelling 4,854,368 shares of its common stock on July 24, 2026. The cancellation is part of a treasury share program with an estimated value of KRW 150,000,000,000 tied to future treasury share acquisitions.

How many common shares has Woori Financial (WF) issued?

Woori Financial reports 728,089,682 common shares issued. This figure provides the baseline share count before the planned cancellation of 4,854,368 treasury shares approved by the board on July 24, 2026.

What is the estimated value of Woori Financial (WF) treasury shares to be cancelled?

The estimated amount of treasury shares to be cancelled is KRW 150,000,000,000. This estimate relates to the planned cancellation of 4,854,368 common shares as part of Woori Financial Group’s board-approved treasury share cancellation program.

Over what period will Woori Financial (WF) acquire treasury shares for cancellation?

Treasury shares for cancellation are scheduled to be acquired from July 24, 2026 through January 22, 2027. During this period, Woori Financial plans to obtain shares by miscellaneous methods for subsequent cancellation under the board’s approved program.

What board actions supported Woori Financial (WF)’s treasury share cancellation?

On July 24, 2026, Woori Financial’s board resolved to cancel 4,854,368 common shares. The decision was taken with 7 independent directors present and 0 absent, indicating full independent director participation in approving the cancellation plan.
 
 

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 July 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 ☐

 

 
 


Resolution for the Cancellation of Treasury Shares

On July 24, 2026, the board of directors of Woori Financial Group Inc. (“Woori Financial Group”) resolved to cancel 4,854,368 shares of its common stock. The details are as follows:

 

1. Class and number of shares to be cancelled

  

Common stock

   4,854,368
  

Different classes of stocks

   — 

2. Total number of shares issued

  

Common stock

   728,089,682
  

Different classes of stocks

   — 

3. Par value per share (KRW)

   5,000

4. Estimated amount of shares to be cancelled (KRW)

   150,000,000,000

5. Scheduled period of acquisition of treasury shares for cancellation

  

Start date

   7/24/2026
  

End date

   1/22/2027

6. Method of acquisition of shares to be cancelled

   Miscellaneous

7. Scheduled date of cancellation

   — 

8. Date of board resolution (decision date)

   7/24/2026

- Attendance of independent directors

  

Present (No.)

   7
  

Absent (No.)

   0

Other Considerations :

 

   

The cancellation of shares above is conducted in accordance with Article 343, Paragraph 1 of the Korean Commercial Code.

 

   

The cancellation of these shares constitutes the cancellation of treasury shares acquired pursuant to a resolution of the board of directors within the limits of profits available for dividends, and as such, there will be no reduction in the paid-in capital of Woori Financial Group, although the total number of shares issued will decrease.

 

   

The item “4. Estimated amount of shares to be cancelled (KRW)” above is calculated based on the estimated cancellation amount resolved through the meeting of the board of directors held on the date hereof.

 

   

The item “1. Class and number of shares to be cancelled” above was calculated based on the item “4. Estimated amount of shares to be cancelled (KRW)” above and the closing price of the shares of Woori Financial Group (KRW 30,900) on July 23, 2026, the day prior to the date of the resolution of the board of directors. The actual number of the shares to be cancelled and the cancellation amount are subject to change based on the price of the shares and the actual number of shares acquired.

 

   

Regarding items “6. Method of acquisition of shares to be cancelled” and “7. Scheduled date of cancellation” above, Woori Financial Group plans to cancel all of its acquired treasury shares upon the completion of its acquisition through a trust agreement. For further details on the acquisition of treasury shares, please refer to our report on Form 6-K titled “Resolution to Enter into a Trust Agreement of Treasury Shares” dated July 24, 2026.


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: July 24, 2026     By:  

/s/ Seong Min Kwak

      (Signature)
    Name:   Seong Min Kwak
    Title:   Deputy President