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. entered into a Share Exchange Agreement with Tongyang Life Insurance on April 29, 2026 to acquire all remaining Tongyang shares by issuing new WFG shares at an exchange ratio of 0.2521056, making Tongyang a wholly-owned subsidiary upon closing. The Share Exchange Date is set for August 11, 2026, subject to procedural adjustments by mutual agreement and satisfaction of customary conditions precedent.
The Agreement sets per-share values of KRW 34,589 for WFG and KRW 8,720 for Tongyang, and authorizes dividend payments within limits of approximately KRW 6,254.7 billion prior to the Share Exchange Date. WFG currently holds 75.34% of Tongyang as of the report.
Woori Financial Group Inc. filed an amended report clarifying that it entered into, rather than only planned to enter into, a comprehensive share exchange agreement with Tongyang Life Insurance on April 29, 2026.
Under the agreement, Tongyang shareholders (other than Woori) will exchange their shares for newly issued Woori shares at an exchange ratio of 0.2521056 Woori shares for each Tongyang share, based on per‑share values of KRW 34,589 for Woori and KRW 8,720 for Tongyang. After the exchange, Woori will own all Tongyang shares, turning Tongyang into a wholly owned subsidiary. The share exchange date is set for 00:00 on August 11, 2026, subject to possible rescheduling by mutual agreement. Woori may pay dividends within a limit of approximately KRW 6,254.7 billion before that date, and existing director and audit committee terms at Woori will remain unchanged.
Woori Financial Group Inc. approved a proposed share exchange to acquire the remaining common shares of TONGYANG Life Insurance Co., Ltd., converting Tongyang into a wholly-owned subsidiary by exchanging 0.2521056 WFG common shares for each Tongyang common share.
The Board approved the share exchange on April 24, 2026, the share exchange agreement is expected on April 29, 2026, the record date is May 6, 2026, shareholders' meeting is expected on July 24, 2026, the date of share exchange is August 11, 2026, and delivery/listing of new shares is expected on August 31, 2026. WFG currently owns 75.34% of Tongyang and Tongyang has 161,358,585 issued common shares.
Woori Financial Group Inc. has approved a quarterly cash dividend of KRW 220 per common share, with a total planned payout of KRW 160,828,546,780 based on 731,038,849 shares outstanding as of April 23, 2026.
The record date for receiving this dividend is May 11, 2026, and the scheduled payment date is May 29, 2026. The market price-dividend ratio is listed as 0.6%, showing the dividend level relative to recent share prices.
The dividend will be funded from capital reserve converted into retained earnings and is stated as not taxable dividend income under Korean income and corporate tax laws for most shareholders, with specific limits for certain large resident shareholders.
Woori Financial Group Inc. reported preliminary consolidated results for the first quarter of 2026 under Korean IFRS. Revenue reached 15,282,383 million KRW, with operating income of 808,150 million KRW and net income of 638,918 million KRW. Net income nearly doubled versus the previous quarter but was slightly below the same quarter a year earlier.
At wholly owned subsidiary Woori Bank, consolidated revenue was 12,001,481 million KRW, operating income was 663,926 million KRW, and net income was 522,130 million KRW. Net income rose sharply compared with the prior quarter but declined compared with the first quarter of 2025. All figures are preliminary and unaudited.
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.
Woori Financial Group Inc. set May 6, 2026 as the record date to determine which shareholders may oppose its planned comprehensive share exchange with Tongyang Life Insurance Co., Ltd. and, if required, who may vote on that transaction.
If shareholders holding more than an aggregate of 20% of Woori Financial Group’s issued shares oppose the share exchange, only shareholders of record on May 6, 2026 will be entitled to vote at a subsequent shareholders’ meeting to approve it. The same record date applies to holders of Woori Financial Group’s American Depositary Shares.
Woori Financial Group Inc. plans a comprehensive share exchange to make TONGYANG Life Insurance its wholly-owned subsidiary. Minority shareholders of Tongyang will receive 0.2521056 Woori common shares for each Tongyang share, and Woori expects to issue 8,696,875 new shares for this transaction.
Woori currently owns 75.34% of Tongyang and aims to enhance shareholder value by streamlining its group structure, integrating management and reinforcing non-banking operations. Tongyang will be delisted from the KRX KOSPI Market after the exchange, while Woori remains listed. Key dates include a shareholder meeting on July 24, 2026 and an expected share exchange date of August 11, 2026.
Woori is also reviewing, but has not decided on, a potential merger between Tongyang and ABL Life Insurance to strengthen its insurance business.
Woori Financial Group Inc. approved acquiring additional common shares of its subsidiary, Woori Investment Securities Co., Ltd., by participating in a rights offering. This move will increase the parent’s ownership in the securities unit.
Woori Investment Securities reported FY2025 total assets of 9,706,286 million Won, operating revenue of 519,447 million Won, and net income of 27,444 million Won, improving from 2,552 million Won in 2024 and a net loss of 53,374 million Won in 2023.
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.