Woori Financial Group Inc. filings document the disclosures of a foreign private issuer and Korean financial holding company with American Depositary Shares representing common stock. Its Form 20-F reports cover the group's business segments, financial results, risk factors, governance and capital structure.
Woori's Form 6-K current reports provide interim information on earnings releases, dividend resolutions, asset revaluations, shareholder record dates, subsidiary capital actions, share-exchange notices and other material corporate events. The filings also identify reporting under Form 20-F status and disclose matters affecting common shares and ADS holders.
Woori Financial Group Inc. reports that its board of directors approved a share exchange with TONGYANG Life Insurance Co., Ltd. to make Tongyang Life Insurance a wholly owned subsidiary. The board initially resolved to approve the share exchange agreement on April 24, 2026.
On July 24, 2026, the board granted approval for the share exchange in lieu of holding a shareholders’ meeting. The company states that additional details of the share exchange are provided in earlier disclosures referenced in this report.
Woori Financial Group Inc. plans to hold its 2026 First Half Earnings Release Conference on Friday, July 24, 2026. The event will be available via live audio webcast on the company’s website and as an audio conference using overseas and Korea dial-in numbers with passcode 312285#. The schedule is stated as subject to change based on the company’s circumstances.
Woori Financial Group Inc. plans a comprehensive share exchange to acquire all remaining shares of Tongyang Life Insurance Co., Ltd., issuing 8,696,875 new registered common shares at a fixed ratio of 0.2521056 Woori share for each Tongyang share. Tongyang will become a wholly owned subsidiary and is scheduled to be delisted on August 31, 2026; its shareholders will receive Woori shares or, if they dissent, cash at an appraisal price of KRW 8,505 per Tongyang share, with fractional entitlements settled in cash based on the new shares’ listing-day closing price.
The transaction proceeds as a small-scale share exchange for Woori, approved by its board without granting appraisal rights to its shareholders, while Tongyang requires an extraordinary general meeting on July 24, 2026 and a share exchange date of August 11, 2026. Woori’s preliminary consolidated results for the first quarter of 2026 show sales of KRW 15,282.4 billion, up 58.23% year on year, but operating profit of KRW 808.2 billion and net income of KRW 638.9 billion, both slightly lower due to one-off expenses, overseas provisions and foreign-exchange losses; its common equity ratio reached 13.6%. Tongyang’s operating revenue has grown but profitability is volatile, with a capital adequacy (K-ICS) ratio of 179.8% at end-2025 and 189.6% in the first quarter of 2026, below the industry average.
Key risks include tightened anti-money laundering and counter-terrorist financing requirements that may raise compliance costs, constrain business flexibility and increase sanction severity; heavy reliance on proprietary sales channels (76.1% of solicitation) and a capital-impaired sales subsidiary with equity of negative KRW 1.4 billion; exposure of Tongyang shareholders to Woori share-price volatility because the exchange ratio is fixed; potential financial strain if appraisal rights are heavily exercised; and the risk of minority-shareholder litigation or termination of the share exchange. For U.S. investors, the exchange offer is governed by Korean law and disclosure standards, and enforcing U.S. securities-law claims against these foreign issuers and their officers may be difficult.
Woori Financial Group Inc. filed an update on its plan to cancel part of its treasury shares. The board-approved resolution now specifies the retirement of 5,986,638 common shares, with an estimated value of KRW 199,999,876,475. The cancellation is scheduled to take place on June 18, 2026, with all other key terms consistent with the earlier February 2026 disclosure.
Woori Financial Group Inc. has terminated its trust agreement used to acquire treasury shares after the contract period expired on June 10, 2026. The trust had a total contract amount of KRW 200,000,000,000 with EUGENE INVESTMENT & SECURITIES Co.,Ltd. as counterparty.
Upon termination, cash and treasury shares are returned, and 5,986,638 common shares, representing 0.82% of common shares acquired from profits available for dividend, are designated as the number of shares to be cancelled. These treasury shares will be transferred to Woori Financial Group’s corporate account and then cancelled, with an expected holding period of less than one month after termination, reflecting the time needed to complete the share cancellation process.
Woori Financial Group reports first-quarter 2026 results, showing stable profitability and balance sheet strength. Net income was 639,433 million Won for the three months ended March 31, 2026, compared with 654,556 million Won a year earlier, while operating income was 808,155 million Won.
Total assets reached 612,585,300 million Won as of March 31, 2026, up from 601,457,286 million Won at year-end 2025. The consolidated BIS capital adequacy ratio improved to 16.63%, and the group non-performing loan ratio was 0.58% on total loans of 405,358 billion Won, indicating contained credit risk.
Profitability ratios softened, with return on assets including non-controlling interests at 0.42% and return on equity at 6.91% for 2026 year-to-date, versus 0.58% and 9.31% for 2025. For 2026, common shareholders received a cash dividend of 220 Won per share, implying a cash dividend payout ratio of 26.56%.
Woori Financial Group Inc. amended its prior disclosure about the planned share exchange with Tongyang. Shareholders holding 4,396,004 dissenting shares, equal to 0.6% of Woori’s 734,076,320 issued common shares, opposed the small-scale share exchange, well below the 20% threshold that would have required a general meeting of shareholders. As a result, Woori can proceed with the small-scale share exchange using board approval as originally planned, while Tongyang will still seek approval at an extraordinary shareholders’ meeting. Woori also now expects the transaction to rely on the Rule 802 exemption under the U.S. Securities Act and plans to furnish a Form CB with the SEC instead of filing a registration statement on Form F-4.
Woori Financial Group Inc. notifies shareholders that its Board approved a small-scale share exchange to acquire Tongyang Life Insurance by issuing newly created WFG common shares at an exchange ratio of 0.2521056 WFG share per Tongyang share. The Board resolved the Share Exchange under Korean law on April 24, 2026, and WFG says the number of shares to be issued does not exceed 10% of WFG’s issued shares.
WFG states that treasury shares held by Tongyang as of April 24, 2026 will be cancelled prior to the exchange and that any fractional shares will be paid in cash based on the closing price on initial listing. The transaction will increase WFG’s capital stock by KRW 43,484,375,000 (par value KRW 5,000 per share) and a capital surplus equal to the aggregate issue price less that capital stock increase, subject to applicable laws and accounting standards. ADR holders who wish to object must submit forms by May 8, 2026 (4:00 pm New York time). Expected dates listed include July 24, 2026 and August 11, 2026.
Woori Financial Group Inc. (WFG) plans a small-scale share exchange to acquire full ownership of TONGYANG Life Insurance Co., Ltd. Tongyang shareholders, other than WFG, will exchange their Tongyang common shares for newly issued WFG common shares at a fixed ratio of 0.2521056 WFG share per Tongyang share. Following the exchange, WFG will become Tongyang’s wholly-owning parent and Tongyang will be a wholly-owned subsidiary.
WFG’s capital stock will increase by KRW 43,484,375,000, calculated as the number of new shares issued multiplied by the KRW 5,000 par value. The number of new shares will not exceed 10% of WFG’s issued shares, allowing the Board to approve the transaction without a shareholder meeting under Korean law. WFG shareholders holding at least 20% of issued shares may block the small-scale treatment by formally dissenting, although dissenting WFG shareholders do not receive appraisal rights.
Woori Financial Group Inc. disclosed a proposed comprehensive share exchange to acquire Tongyang Life Insurance, using a market‑priced exchange ratio of 0.2521056 shares of WFG for each Tongyang Life share based on exchange prices of W8,720 and W34,589.
The companies executed the agreement April 29, 2026; WFG expects board approval on July 24, 2026, a share exchange date of August 11, 2026, and listing of newly issued WFG shares on August 31, 2026. The issuance represents approximately 1.19% of WFG’s currently issued shares. The exchange will convert fractional entitlements into cash based on the KRX closing price on listing date.