Woori Financial Group (KRX: WF) discloses Iran/Russia risk in 20-F

Rhea-AI Filing Summary

Woori Financial Group disclosed a regulatory risk related to limited activities involving Iran and Russia. The company states this disclosure appears under "Item 3.D. Risk Factors—Other risks relating to our business—We engage in limited activities relating to Iran and Russia, which may result in regulatory or enforcement actions under relevant laws and regulations of the United States and other jurisdictions as a result of such activities, which may adversely affect our business and reputation" in its Annual Report on Form 20-F for the year ended December 31, 2025, filed April 22, 2026.

Insights

Compliance Risk Analyst

Disclosure flags regulatory and reputational risk from limited Iran/Russia activities.

Woori Financial Group explicitly lists potential regulatory or enforcement exposure under U.S. laws and other jurisdictions tied to "limited activities relating to Iran and Russia." The language is framed as a risk factor in the Form 20-F for the year ended December 31, 2025.

Operational impact depends on enforcement outcomes and counterparties; timing and specifics are not provided in the excerpt, so subsequent filings or regulatory actions would clarify materiality.

Investor Relations Specialist

The notice is a compliance disclosure rather than an event of enforcement.

The EDGAR notice cites statutory requirements (Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act) and incorporates the 20-F risk-factor language by reference.

Investors may look for follow-up detail in the full 20-F; the company characterizes the activity as "limited" but warns of potential adverse effects if regulators act.

Key Figures

Form year end: December 31, 2025 Filing date: April 22, 2026 Statutory citations: Section 219; Section 13(r)

3 metrics

Form year end December 31, 2025 Annual Report on Form 20-F

Filing date April 22, 2026 EDGAR notice filing date

Statutory citations Section 219; Section 13(r) Iran Threat Reduction and Syria Human Rights Act of 2012; Securities Exchange Act

Key Terms

Iran Threat Reduction and Syria Human Rights Act of 2012, Section 13(r), Form 20-F, Risk Factors

4 terms

Iran Threat Reduction and Syria Human Rights Act of 2012 regulatory

"Pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act"

Section 13(r) regulatory

"and Section 13(r) of the Securities Exchange Act of 1934"

Form 20-F financial

"Annual Report on Form 20-F for the year ended December 31, 2025"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

Risk Factors financial

"Item 3.D. Risk Factors—Other risks relating to our business"

Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.

51, Sogong-ro, Jung-gu

Seoul 04632, Korea

Tel: 82.2.2125.2050

Fax: 82.0505001.0451

http://www.woorifg.com

April 22, 2026

VIA EDGAR

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Re: Notice of disclosure filed in Exchange Act Annual Report under Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Exchange Act

Ladies and Gentlemen:

Pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934, as amended, notice is hereby provided that Woori Financial Group has made disclosure pursuant to those provisions in its Annual Report on Form 20-F for the year ended December 31, 2025, which was filed with the Securities and Exchange Commission on April 22, 2026. The disclosure can be found under the heading “Item 3.D. Risk Factors—Other risks relating to our business—We engage in limited activities relating to Iran and Russia, which may result in regulatory or enforcement actions under relevant laws and regulations of the United States and other jurisdictions as a result of such activities, which may adversely affect our business and reputation” in the Annual Report on Form 20-F and is incorporated by reference herein.

Sincerely,

/s/ Hong Sung Han

Hong Sung Han

General Manager, Investor Relations Department

FAQ

What did Woori Financial Group disclose in its April 22, 2026 filing (WF)?

Woori Financial Group disclosed a risk relating to "limited activities relating to Iran and Russia." The disclosure is incorporated in its Annual Report on Form 20-F for the year ended December 31, 2025, filed April 22, 2026.

Where in the 20-F does Woori (WF) describe the Iran/Russia matter?

The matter appears under "Item 3.D. Risk Factors—Other risks relating to our business." The sentence includes the phrase about limited activities with Iran and Russia and possible regulatory or enforcement actions.

Which statutes are cited in Woori's EDGAR notice?

The notice cites Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934 as the bases for the disclosure incorporated by reference.

Does the EDGAR notice report an enforcement action against Woori Financial Group?

No enforcement action is reported in the notice. It states the company included a risk factor warning that limited activities relating to Iran and Russia "may result in regulatory or enforcement actions," without describing any specific action.

What should investors look for next regarding Woori's disclosure (WF)?

Investors should review the full Form 20-F risk-factor section for detail. Future filings or regulator releases would disclose any specific enforcement, penalties, or material developments related to the activities mentioned.